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Prosus Leads USD190m Investment for Indian Home & Beauty Services Platform Urban Company
Prosus Ventures led a USD190m investment for India-based home and beauty services platform Urban Company, with participation from DF International and Wellington Management, at a reported ~USD2b valuation. Read More
CDC and AddVentures Lead USD51m Series C for Indian B2B Packaging Materials Marketplace Bizongo
CDC Group and AddVentures led a USD51m Series C comprising a mix of debt and equity for Bizongo, an India-based B2B marketplace for packaging materials, with participation from Schroder Adveq and Bruno Raschle and follow-on from Accel, Chiratae Ventures and IFC. Stride Ventures, Trifecta Capital, TradeCred and IDFC First Bank provided debt funding as part of the round. Read More
Modus Capital Leads Series A for UAE’s Trade Capital Partners
Modus Capital led an undisclosed Series A for UAE-based fintech Trade Capital Partners, with participation from the Eldaba Family Office and local angel investors. Read More
CTC Capital Reaches ~USD539m Final Close for Second Semiconductor Fund
CTC Capital has reached a CNY3.5b (~USD539m) final close for its second CNY-denominated fund, which will focus on areas including AI, data centers, IoT, 5G and smart cars within the semiconductor industry in China. Read More
Blackstone to Roll Over Stake in India’s Mphasis to New Funds for USD2-2.8b; ADIA, UC & GIC to Co-Invest
Three Blackstone affiliate funds have partnered with Abu Dhabi Investment Authority, UC Investments and GIC to roll over the 55.31% stake in India-based IT outsourcing service provider Mphasis currently held by Blackstone Capital Partners VI for a reported USD2-2.8b. The agreement triggered an open offer for an additional 26% stake worth USD1.1b. Read More
Blackstone Reaches USD3.1b First Close for Second Asia PE Fund
Blackstone has reached a USD3.1b first close for Blackstone Capital Partners Asia II, its second Asia-focused PE fund with an initial target of USD6b. Read More
Novo Tellus Invests USD40m in Indian Engineering and R&D Services Provider Tessolve
Novo Tellus Capital Partners has invested USD40m in Tessolve, an India-based provider of engineering and R&D services to semiconductor companies, at a reported USD100m valuation. Read More
Kinea Invests ~USD54.3m in Brazilian Pet Store Chain Cobasi
Kinea Investimentos has invested BRL300m (~USD54.3m) for a minority stake in Brazil-based pet store chain Cobasi. Read More
CPE, Matrix Partners, Hopu Investment, Others Lead USD135m Series D for Cybersecurity Services Provider NextData
CPE, Matrix Partners China, Hopu Investment Management, Tencent and Xiang He Capital led a USD135m Series D for China-based cybersecurity services provider NextData. Tencent and Xiang led the company’s USD73m Series C in 2020. Read More
Centurium-Led Consortium Completes USD4.76b Take-Private of China Biologics
A consortium of investors led by Centurium Capital and including CITIC Capital, Hillhouse Capital and Temasek has completed a take-private of China Biologic Products Holdings, a China-based producer of plasma-based biopharmaceuticals, valuing the company at a reported USD4.76b. Read More
TMT Investments and Copernion Capital Lead USD22m Series A for Colombian Dark Kitchen Startup Muncher
TMT Investments and Copernion Capital Partners led a USD22m Series A for Muncher, a Colombia-based startup specialized in building, operating and renting dark kitchens, with participation from Femsa Ventures, MGM Innova Capital and Amador Holdings. Read More
Crescera Exits Brazil’s Bling via Sale to Locaweb for ~USD94.5m
Crescera Capital has exited its investment in Brazil-based enterprise resource planning SaaS Bling via a sale to Locaweb for BRL524m (~USD94.5m). Read More