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Macquarie Exits India’s ATC Telecom Infrastructure via ~USD176.6m Buyback
Macquarie Group’s SBI Infrastructure Funds have agreed to exit their 7.91% stake in ATC Telecom Infrastructure, the Indian mobile tower business of American Tower Corporation, through a company buyback for INR12.9b (~USD176.6m). Read More
QED Investors Leads USD15m Series B for Brazilian Payment Infrastructure Fintech Hash
QED Investors led a USD15m Series B for Brazil-based payment infrastructure fintech Hash, with follow-on from KASZEK and Canary. Read More
KKR and DCP Capital Invest in Chinese D2C Dairy Company Adopt A Cow
KKR and DCP led an undisclosed funding round for Adopt a Cow, a China-based D2C dairy company. Read More
Riverwood and Oria Partially Exit Brazil’s Mandic via Sale to Claranet
Riverwood Capital and Oria Capital have partially exited Brazil-based cloud and cybersecurity SaaS company Mandic via a sale to UK-based cloud computing group Claranet. Read More
GIC and Sequoia India Lead USD160m Series E for Indian Fintech Razorpay
Existing investors GIC and Sequoia Capital India led a USD160m Series E for India-based fintech Razorpay, with follow-on from Ribbit Capital and Matrix Partners, at a reported USD3b valuation. Read More
CDPQ Leads USD147m Investment in Indian Cloud Data Protection Company Druva
CDPQ led a USD147m growth round for India-based cloud data protection and management company Druva, with participation from Neuberger Berman, Viking Global Investors and Atreides. CDPQ invested USD100m in the round. Read More
CPE Reaches USD1.8b First Close for China PE Fund
CPE has reached a USD1.8b first close for its fourth USD-denominated fund. The vehicle, which has a target of USD3b, will focus on healthcare, consumer and internet, technology and industrial, and software and enterprise services in China. Read More
IFC, IFC Emerging Asia Fund and Indigo Partners Invest USD250m in Philippine Low-Cost Airline Cebu Pacific Air
IFC, IFC Emerging Asia Fund and Indigo Partners have invested USD250m in the form of convertible bonds in Philippine-listed low-cost airline Cebu Pacific Air. Read More
Microsoft, GIC and Emtek Lead USD234m Investment in Indonesian E-Commerce Company Bukalapak
Microsoft, GIC and Indonesia-based media conglomerate Emtek led a USD234m investment in Indonesia-based e-commerce company Bukalapak, with participation from SC Ventures and Naver. Read More
Oria Capital Reaches ~USD90m Final Close for Oria Tech III
Oria Capital has reached a BRL500m (~USD90m) final close for Oria Tech III. The fund, which intends to invest in six tech companies in Brazil, has already made three investments: Gupy, Knewin and Zenvia. Read More
Legend, DST, Coatue and All Stars Lead USD300m Series B for Chinese Fitness Tech Startup Fiture
Legend Capital, DST Global, Coatue Management and All-Stars Investment led a USD300m Series B for Fiture, a China-based fitness tech startup that develops smart home fitness equipment, with follow-on from Sequoia Capital China, Tencent Holdings, C Ventures, Cygnus Equity, Nio Capital, GSR Ventures China, BA Capital, , Z1 Capital, CPE and Bertelsmann Asia Investments. Read More
Chinese Autonomous Driving Tech Company TuSimple Raises USD1.35b on Nasdaq
TuSimple, a China-based developer of autonomous driving technology for trucks, has raised USD1.35b on the Nasdaq at a market capitalization of USD8.5b. Existing backer Sina Corporation sold 6.7 million shares worth USD268m and achieved a partial exit. Read More