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Australis Partners Acquires Stakes in Mexico’s Sekura and Chile’s Galénica
Australis Partners has acquired a majority stake in Mexico-based multiline insurance company Sekura for an undisclosed amount. As part of the transaction, Arpa Capital and non-executive shareholders exited from the ownership of Sekura. Australis Partners also recently acquired an 80% stake in Chile-based vitro diagnostic company Galénica. Read more here and h Read More
Bow Wave Capital Management Leads USD175m Investment in Mynt
Philippine mobile wallet GCash has raised more than USD175m from Bow Wave Capital Management. Bow Wave now has a 14% stake in Mynt, which operates GCash. Read More
Appian Reaches USD775m Final Close for Appian Natural Resources Fund II
Appian Capital has reached a USD775m final close for its second fund. The vehicle will focus on investments in metals and mining, targeting assets in jurisdictions with proven geology, supportive governments, and a robust legal framework including Brazil, Australia, Mexico, Peru, Chile, and Canada, where Appian has existing operations. Read More
Horizons Ventures and Alpha JWC Lead USD25m Series A for Indonesian Digital Investment Platform Ajaib
Horizons Ventures and Alpha JWC led a USD25m Series A for Indonesia-based digital investment platform Ajaib Group, with follow-on from SoftBank Ventures Asia, Insignia Ventures, and Y Combinator. Read More
SHUAA Capital-Led Consortium Completes USD308m Debt Buyout of Dubai-Based Stanford Marine Group
SHUAA Capital completed a debt buyout of Stanford Marine Group’s AED1.13b (approximately USD308m) facility, including offshore services related to the oil and gas industry in the Middle East. Read More
KKR Reaches USD3.9b Final Close for Asia Pacific Infrastructure Fund
KKR has reached a USD3.9b final close for its KKR Asia Pacific Infrastructure Investors fund. The vehicle will focus on infrastructure-related investments across Asia Pacific. Read more Read More
Carlyle Leads USD123m Series D for Chinese Biotech Abbisko
The Carlyle Group led a USD123m Series D for China-based biotech firm Abbisko, with participation from Warburg Pincus, OrbiMed, and Lake Bleu Capital. Janchor Partners, Sage Partners, SHC, and Greater Bay Area Homeland Development Fund also participated in the round, and existing investors Lilly Asia Ventures, Temasek Holdings, Qiming Venture Partners, Hankang Capital, and CICC Capital followed on. Read More
Intel Capital, TPG Growth, and EchoVC Lead USD85m Series B for Kenya’s Global Agricultural Data & Analysis Platform Gro Intelligence
Intel Capital, Africa Internet Ventures (a strategic partnership between TPG Growth and EchoVC), and the family offices of Ronald Lauder and Eric Zinterhofer led a USD85m Series B for Gro Intelligence, a Kenya-based, AI-powered insights company focused on the global agriculture industry. Schusterman Family Investments, Dick Parsons, Rethink Food, and unnamed family offices also participated in the round, and existing… Read More
Sequoia China Leads USD150m Series B for Chinese Biotech Visen Pharmaceuticals
Sequoia Capital China led a USD150m Series B for China-based biotech firm Visen Pharmaceuticals, with participation from OrbiMed, Sherpa Healthcare Partners, Cormorant, HBM Healthcare Investments, Pivotal bioVenture Partners China, Logos Capital, and CDG Capital, as well as follow-on from existing investors, including Ascendis Pharma A/S, Vivo Capital, and Sofinnova Investments. Read More
Kotak Invests in India’s Cell Therapy Startup Eyestem
Kotak Investment Advisors invested an undisclosed amount in Bengaluru-based cell therapy startup Eyestem Research. Unnamed existing global investors from Switzerland, South Africa, and India also participated in the round. Read More
IDB Commits Combined USD30m to Vinci and HMC Funds
IDB Invest has agreed to commit a combined USD30m to funds managed by Vinci Partners and HMC Capital. IDB agreed to invest up to USD10m in Vinci Impact and Return Fund IV, a fund targeting investments in SMEs across the education, health care, IT, and environmentally friendly consumer goods sectors in Brazil; and USD20m in HMC Andean Private Debt Investment… Read More
OP Finnfund Global Impact Fund I Reaches USD166m Second Close
OP Finnfund Global Impact Fund I has reached a EUR135m (approximately USD166m) second close. The impact vehicle, which targets investments in emerging markets across renewable energy, financial institutions, and sustainable agriculture, reached a EUR76m (~USD93.5m) first close in June 2020. The second round of funding ended in December 2020 and raised EUR58m (~USD71.5m). Read More