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Lilly Asia Ventures Reaches USD1.35b Final Close for Health Care Fund
Lilly Asia Ventures has reached a USD1.35b final close for its latest health care fund, with USD900m raised for the main pool and an additional USD450m raised for an opportunity vehicle that sits alongside the main fund. Read More
Women’s World Banking Leads USD6.6m Pre-Series B for Colombian Fintech Aflore
Global non-profit Women’s World Banking, through its Women’s World Banking Capital Partners II fund, led a USD6.6m pre-Series B for Aflore, a Colombia-based fintech focused on financial inclusion, with participation from Polymath Ventures, Amador Holdings, Unreasonable Capital, and other existing shareholders. Read More
True North and Bessemer in Partial Exit from Indian Housing Finance Company Home First via USD158m IPO
True North and Bessemer Venture Partners have achieved a partial exit from India-based housing finance company Home First via the company’s INR11.5b (approximately USD158m) IPO. True North and Bessemer sold INR4.35b (~USD59.5m) and INR1.2b (~USD16.5m) worth of shares, respectively. Read More
EI Completes USD10.2m Take-Private of Polish Financial Services Provider PragmaGO
Enterprise Investors (EI) has acquired PragmaGO, a listed financial services provider based in Poland, in a take-private deal worth EUR8.5m (approximately USD10.2m). Read More
Multiples Partially Exits Indian Multiplex Chain Operator PVR for USD24.5m
Multiples Alternate Asset Management has partially exited India-based multiplex chain operator PVR for INR.179b (approximately USD24.5m) through open market transactions. Read More
Tata Consumer to Acquire Aavishkaar-Backed Packaged Foods Startup Kottaram Agro Foods
Tata Consumer Products has agreed to acquire 100% of Kottaram Agro Foods, an India-based packaged foods startup backed by Aavishkaar Capital, for USD21.3m. Read More
Sequoia Capital Partially Exits Indigo Paints via USD161m IPO
Sequoia Capital India has partially exited its stake in India-based paint manufacturer Indigo Paints via the company’s INR11.76b (approximately USD161m) IPO. Sequoia Capital sold 4.165m shares for INR6.19b (~USD84.6m). Read More
L Catterton Partially Exits Brazilian Hair Removal Company Espaçolaser for USD148.5m via IPO
L Catterton has partially exited its stake in Brazil-based hair removal company Espaçolaser via the company’s BRL2.64b (approximately USD483m) IPO on the B3. L Catterton sold shares worth BRL811.6m (approximately USD148.5m) and reduced its stake from 33% to 5.27%, according to regulatory filings. Read More
Sanabil Investments and STV Lead USD20m Series B for Saudi Restaurant Management Platform FOODICS
Sanabil Investments and STV led a USD20m Series B for FOODICS, a Saudi Arabia-based restaurant management platform, with participation from Endeavor Catalyst, Elm, and Derayah Venture. Read More
Amethis Acquires Minority Stake in Senegalese Fast Moving Consumer Goods Company NMA
Amethis has acquired an undisclosed minority stake in Nouvelle Minoterie Africaine (NMA), a Senegal-based fast moving consumer goods company focused on the production and distribution of poultry and livestock feed, pasta, and wheat flour. Read More
Flashpoint VC, Uniqa Ventures, and Others Lead USD6.6m Series A for Polish Healthtech Telemedico
Flashpoint Venture Capital, Uniqa Ventures, PKO VC, Adamed, and existing investor Black Pearls VC led a EUR5.5m (approximately USD6.6m) Series A for telehealth and digital health services platform Telemedico. Read More
DEG Commits USD22m to Openspace Ventures Fund III
DEG has committed USD22m to Openspace Ventures Fund III, a Southeast Asia-focused fund managed by Openspace Ventures. The fund reached a USD90m+ first close in June 2020 and has a target of USD200m. Read More