GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Gulf Capital Acquires US Healthtechs Eclat Health and Hansei Solutions for USD60m in Bolt-On for UAE’s Accumed
Gulf Capital has acquired US-based healthtech companies Eclat Health and Hansei Solutions for USD60m in a bolt-on acquisition aimed at expanding its healthcare-focused RCM platform. Gulf Capital already has a majority stake in UAE-based RCM provider Accumed. Read More
Pitango Ventures and Evli Growth Partners Lead USD26m Series C for Polish D2C Furniture Startup Tylko
Pitango Ventures and Evli Growth Partners led a EUR22m (~USD26m) Series C for Poland-based D2C furniture startup Tylko, with participation from angel investors Brian Walker (Hermann Miller) and Mark Williamson (MasterClass). Read More
FTV Capital Leads USD35m Series B for Brazilian Corporate and Trust Service Provider Vortx
FTV Capital led a USD35m Series B for Vortx, a Brazil-based tech-enabled corporate and trust service provider for fund managers and corporate issuers. Read More
Invesco Leads USD155m Series C for China’s Brii Biosciences
Invesco Developing Markets Fund led a USD155m Series C for Brii Biosciences, a China-focused drug developer with operations in China and the US, with participation from GIC and Lake Bleu Capital. Read More
PAG Increases Stake in Edelweiss Wealth Management to 61.5%
Pacific Alliance Group (PAG) has agreed to acquire an additional 10% stake in India-based Edelweiss Wealth Management, which includes the wealth management, investment banking and capital market businesses of Edelweiss Global Investment Advisors, from existing investors Kora Management and Sanaka Capital, bringing its overall investment in the company to INR23.6b (~USD325m). PAG originally acquired a 51% stake in the company… Read More
D1 Capital Leads USD425m Series D for Brazilian Proptech Loft
D1 Capital led a USD425m Series D for Brazilian proptech Loft at a USD2.2b valuation, with participation from Advent International, Altimeter Capital Management, Canada Pension Plan Investment Board, DST Global, GIC, Silver Lake, Soros Fund Management, Tarsadia and Tiger Global Management. Existing investors Andreessen Horowitz, Caffeinated Capital, Fifth Wall, monashees, QED Investors and Vulcan Capital followed on. Read More
Sequoia Capital Leads USD45m Series D for Indian Beauty E-Commerce Platform Purplle
Sequoia Capital India led a USD45m Series D for Purplle, an India-based e-commerce platform for beauty products, with follow-on from Verlinvest, Blume Ventures and JSW Ventures. Read More
EBRD and Goldman Sachs Invest in Turkish Fintech DgPays
EBRD and Goldman Sachs have made an undisclosed investment in Turkey-based digital payment system provider DgPays. Read More
M Capital Management Reaches ~USD31m Final Close for Debut Southeast Asia VC Fund
M Capital Management has reached a USD30.85m final close for M Venture Partners, its debut fund focused on early-stage investments in Southeast Asia. Read More
Bain Capital Invests USD200m in China’s Newlink Group
Bain Capital has invested USD200m in Newlink Group, a China-based startup that helps drivers find gas stations and vehicle charging points through its online platform. Read More
Openspace Ventures Leads USD20m Pre-Series B for Indonesian Fintech Pluang
Openspace Ventures led a USD20m pre-Series B for Pluang, an Indonesia-based fintech providing consumer savings and investment products, with participation from Gojek’s Go Ventures and other returning investors. Read More
Warburg Partially Exits India’s Kalyan Jewellers via IPO
Warburg Pincus has partially exited its stake in India-based jewellery company Kalyan Jewellers via the company’s INR11.75b (~USD161m) IPO on the NSE and BSE. Warburg sold shares worth INR2.5b (~USD34m). Read More