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PE-Backed Chinese E-Commerce Company Pop Mart Makes Hong Kong Trading Debut with USD674m IPO
Sequoia Capital China-, China Renaissance Group-, and Loyal Valley Capital-backed Pop Mart International Group, a Chinese fashion toy retailer, completed a USD674m IPO on the Hong Kong Stock Exchange. Read More
BCIE to Invest up to USD50m in Infrastructure Fund Targeting Central America
Banco Centroamericano de Integracion Economica (BCIE) will invest up to USD50m in Fondo de Capital Privado de Infraestructura para el Desarrollo de Centroamerica (KorBCIE) to target infrastructure projects in Central America. Read More
Karma Ventures and BlackFin Lead USD4m Seed Round for Estonian Core Banking Platform Modularbank
Karma Ventures and BlackFin Capital Partners led a USD4m late seed round for Estonia-based core banking platform Modularbank, with participation from Plug and Play Ventures, Siena Capital, and former Twilio and Skype CTO Ott Kaukver. Read More
Multiples Exits 2% Stake in Indian Movie Theater Chain PVR for USD24m
Multiples Alternate Asset Management has sold 2% of its 11% stake in India-based movie theater chain PVR through an open market transaction for USD24m. Read More
Naspers Foundry Leads USD17m Series B for South African Agtech Aerobotics, FMO and AfricInvest Join
Naspers Foundry led a ZAR250m (approximately USD17m) Series B for South Africa-based agtech Aerobotics, with participation from FMO and Cathay AfricInvest Innovation Fund. Read More
TLG Exits Fuel Retail Chain BAJ Stations Uganda
TLG Capital has exited its investment in Uganda-based fuel retail chain BAJ Stations Uganda for an undisclosed amount. TLG originally invested in the company in 2017 through its Credit Opportunities Fund. Read More
UOBVM and Credit Suisse Reach USD60m First Close for Asia Impact Fund
UOB Venture Management (UOBVM) and Credit Suisse have reached a USD60m first close on their second Asia impact investment fund. Read More
DFC Invests USD300m in Africa Data Centres
The US International Development Finance Corporation invested USD300m in Africa Data Centres, the data storage arm of Johannesburg-based Liquid Telecom, a company controlled by Zimbabwe’s Econet Group. Read More
Horizon Capital Exits Moldovan Glass Packaging Companies GCC via Sale to Vetropack
Western NIS Enterprise Fund, a fund managed by Horizon Capital, has agreed to sell its stakes in Moldova-based Glass Container Company and Glass Container Prim (GCC) to Vetropack Group for an undisclosed amount. Read More
CLSA Reaches USD226m Final Close for Debut Asia Private Debt Fund
CLSA has reached a USD226m for Lending Ark Asia Secured Private Debt Fund, a vehicle targeting SMEs in the Asia Pacific region. Read More
Insitor Impact Asia and TRIREC Lead USD2m Series A2 for Myanmar’s Solar Energy Startup SolarHome
Insitor Impact Asia Fund and TRIREC led a USD2m Series A2 for SolarHome, a solar energy startup offering pay-as-you-go solutions for off-grid households in Myanmar, with participation from Anthem Asia Myanmar SME Venture Fund and DPI Energy Ventures. Read More
ZWC Partners Reaches USD400m First Close for China and Southeast Asia VC Fund
ZWC Partners has reached a USD400m first close for its latest USD-denominated fund, a vehicle targeting early- and growth-stage startups specializing in industrial internet and new consumer across China and Southeast Asia. Read More