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Sequoia China Leads USD515m Series E for Hong Kong’s On-Demand Delivery Company Lalamove
Existing investors Sequoia Capital China led a USD515m Series E for Hong Kong-based on-demand delivery company Lalamove, with follow-on from Shunwei Capital Partners and Hillhouse Capital. Read More
FMO Commits USD10m to ARVF II
FMO has committed USD10m to Ascent Rift Valley Fund II (ARVF II), a vehicle targeting investments in SMEs in Ethiopia, Kenya, and Uganda. Read More
Linzor Capital Partners Acquires Majority Stake in Chilean Dental Care Company Uno Salud Dental
Linzor Capital Partners has acquired a majority stake in Chile-based dental care company Uno Salud Dental for an undisclosed amount. Read More
FMO Commits USD5m to IDH Farmfit Fund
FMO has committed USD5m to Farmfit Fund, a vehicle managed by the Sustainable Initiative Trade (IDH). The fund aims to strengthen smallholder value chains, improve the livelihoods of farmers, and support agricultural SMEs and financial institutions across Africa, Asia, and Latin America. Read More
Horizon Capital’s Datagroup to Acquire Ukrainian Broadband Cable Service Provider Voila
Horizon Capital-backed Datagroup has agreed to acquire 100% of Volia, a Ukraine-based broadband cable service provider. The transaction is subject to regulatory approvals. Read More
5Y Capital, Hillhouse, and Capital Today Lead USD150m Series C1 for Chinese AI Chip Designer Horizon Robotics
5Y Capital (formerly Morningside Venture Capital), Hillhouse Capital’s GL Ventures, and Capital Today led the USD150m first tranche of a Series C for China-based AI chip designer Horizon Robotics, with participation from Guotai Junan International and KTB. Read More
SP Ventures Reaches USD25.3m Second Close for AgVentures II
SP Ventures has reached a BRL130m (approximately USD25.3m) second close for AgVentures II, with a BRL40m (USD7.8m) commitment from French animal nutrition company Adisseo and US phosphate mining company Mosaic. Read More
NIIF Master Fund Reaches USD2.34b Final Close
The National Investment and Infrastructure Fund has reached a USD2.34b final close for NIIF Master Fund, a vehicle targeting investments in operating assets in core infrastructure sectors, primarily transportation and energy, in India. Read More
OTTP to Invest USD275m in South Korean Fried Chicken Chain BHC Group
Ontario Teachers’ Pension Plan (OTTP) has agreed to invest KRW300b (approximately USD275m) in South Korea-based fried chicken restaurant chain BHC Group, facilitating a full exit for Elevation Equity Partners. Read More
Everstone to Exit Indian Bread and Bakery Brand Modern Foods via Sale to Grupo Bimbo
Everstone Capital has agreed to sell India-based bread and bakery brand Modern Foods to Mexican bakery giant Grupo Bimbo for an undisclosed amount. Read More
DCP and CPE Lead USD300m Round for Chinese Cloud Infrastructure Provider Hotwon Group
DCP Capital Partners and CPE (formerly CITIC Private Equity) led a USD300m round for China-based cloud computing infrastructure provider Hotwon Group. Read More
FountainVest Reaches USD1.6b First Close for PE Fund
FountainVest Partners has reached a USD1.6b first close for its fourth USD-denominated PE fund, which has an initial target of USD2.8b. Read More