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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
LGT Lightstone Leads USD255m Series E for Brazilian Fintech Creditas
LGT Lightstone led a USD255m Series E for Brazil-based fintech Creditas, with participation from Tarsadia Capital, e.ventures, Wellington Management, and Advent International affiliate Sunley House Capital, and follow-on from SoftBank’s Vision Fund and Latin America Fund, KaszeK Ventures, Vostok Emerging Finance, and Amadeus Capital Partners. Read More
Warburg Pincus Exits Remaining Stake in India’s AU Small Finance Bank for USD173m
Warburg Pincus exited its remaining 4.47% stake in India’s AU Small Finance Bank via open market transactions. WestBridge Capital Partners bought 5.95 million shares for INR5.42b (approximately USD73.4m). Read More
CICC Leads Undisclosed Series C for Chinese AI Consulting Business AInnovation at USD1b Valuation
CICC Capital led an undisclosed Series C for AInnovation, the consulting unit of China-based Sinovation Ventures at a USD1b valuation, with participation from Shanghai Guohe Capital and Riverhead Capital, and follow-on from China Renaissance’s Huaxing New Economy Fund. Read More