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Temasek To Acquire Controlling Stake in India’s Manipal Health for ~USD2b
Temasek agreed to acquire an additional 41% stake in Manipal Health, an India-based chain of multi-specialty hospitals for INR165b (~USD2b), to become the majority shareholder. Read More
DPI and Amethis Acquire Stake in Egypt’s Marcyrl
DPI and Amethis acquired a stake in Marcyrl, an Egypt-based pharmaceuticals manufacturer focused on specialty generic drugs. Read More
India’s Magenta Mobility Raises USD22m Equity Round
Magenta Mobility, an India-based EV charging station provider, raised a USD22m equity round from Morgan Stanley and BP Ventures. Read More
Kotak Reaches USD1.25b First Close for Special Situations Fund II
Kotak reached a USD1.25b first close for its second special situations fund, focused on opportunities in India. The vehicle has a USD1.6b target. Read More
FMO To Invest USD74m in India’s Fourth Partner Energy
FMO agreed to invest USD74m in debt financing Fourth Partner Energy, an India-based solar energy provider for corporate and industrial companies. Read More
Mubadala and 42X Fund Lead USD300m Series B for China’s JD Industrials
Mubadala and 42X Fund led a USD300m Series B for JD Industrials, the industrial supply chain subsidiary of China-based JD.com, with participation from M&G and BPEA EQT and follow-on from Sequoia China. Read More
IFC To Invest ~USD72.6m in India’s Mahindra & Mahindra
IFC agreed to invest INR6b (~USD72.6m) in Mahindra & Mahindra, an India-based automaker manufacturing electric three-wheelers and small commercial vehicles. Read More
DEG Leads Investment for Indonesia’s Etana
DEG led an investment in Indonesia-based biopharmaceutical company Etana with USD8m in equity and participation from Yunfeng Capital, HighLight Capital and East Ventures. Read More
BlackRock-backed Climate Finance Partnership Acquires Kenya’s Turkana Wind Power Limited
Climate Finance Partnership, a vehicle managed by BlackRock Alternatives, agreed to acquire Turkana Wind Power Limited, a Kenya-based wind farm. The deal will facilitate an exit for Finnfund. Read More
Openspace Ventures Leads USD10m pre-Series A in Indonesia’s Broom
Openspace Ventures led a USD10m pre-Series A for Broom, an Indonesia-based auto financing platform, with participation from Quona Capital, MUFG Innovation Partners, BRI Ventures and AC Ventures. Read More
Malaysia’s Viewpoint Software Raises USD40m
Viewpoint Software, a Malaysia-based business entity engagement software provider, raised USD40m from BPEA EQT and CPP Investments. Read More
INCE Capital and Qiming Venture Partners Lead USD50m Series B for China’s Allorion Therapeutics
INCE Capital and Qiming Venture Partners led a USD50m Series B for Allorion Therapeutics, a China-based drug developer that focuses on treating oncology and autoimmune diseases, with participation from TF Capital, Long River Investment, 3SBio, Octagon Capital and Elikon Venture. Read More