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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
Chinese Video App Kuaishou Raises USD6.2b in Hong Kong IPO
China-based short video and live streaming app Kuaishou has raised HKD42b (approximately USD5.4b) in its IPO on the HKEX. Underwriters fully exercised the overallotment option, bringing the total capital raised to HKD48.2b (approximately USD6.2b). Ten cornerstone investors including GIC, Temasek, the Abu Dhabi Investment Authority, CPP Investments, Boyu Capital, BlackRock, and Fidelity committed USD2.45b. Read More
GGV Reaches Combined USD2.52b Close Across Five VC Funds
GGV Capital has reached a combined USD2.52b final close across five funds, including: USD1.46b for GGV Capital VIII; USD366m for GGV Capital VIII Plus; USD610m for GGV Discovery III; USD80m for GGV Capital VIII Entrepreneurs Fund; and CNY3.4b (approximately USD525m) for GGV Capital RMB Fund II. Read More
GIC, Whale Rock, and Invesco Lead USD400m Series G for Brazilian Fintech Nubank
GIC, Whale Rock, and Invesco led a USD400m Series G for Brazil-based fintech Nubank, with participation from Tencent Holdings, Dragoneer Investment Group, Ribbit Capital, and Sequoia Capital at a reported USD25b valuation. Read More