GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Lilly Asia Ventures and ARCH Venture Partners Lead USD100m Series A for US- and China-Based Drug Developer SciNeuro
Lilly Asia Ventures and ARCH Venture Partners led a USD100m Series A for SciNeuro Pharmaceuticals, a China- and US-based drug developer specializing in treatments for central nervous system disorders, with participation from Boyu Capital, General Atlantic, Sequoia Capital China, TF Capital, and Zoo Capital. Read More
I&P Invests Pre-Series A for Ivorian Mobile Video Content Startup StarNews
Investisseurs & Partenaires (I&P), through its fund I&P Afrique Entrepreneurs 2, has invested in an undisclosed pre-Series A for Ivory Coast-based mobile video content startup StarNews. Read More
Helios Acquires 35% Stake in Discount Grocery Retailer BIM Morocco at USD200m Valuation
Helios Investment Partners has acquired a 35% stake in the Moroccan subsidiary of Turkey-based discount grocery retailer BIM at a reported USD200m valuation. Read More
CLSA Capital Completes USD226m Final Close for PE Debt Fund
CLSA Capital Partners has closed its maiden private debt fund, Lending Ark Asia Secured Private Debt, at USD226m. The fund targets Asia and is to be managed by a joint venture between Lending Ark Asia’s principals, Messrs Gregory Park and Carol Lee Park, and CLSA Capital. Read More
Asia Partners Leads USD30m Series D for Malaysian Used Car Marketplace Carsome
Asia Partners led a USD30m Series D for Malaysia-based used car marketplace Carsome, with participation from existing investors Burda Principal Investments and Ondine Capital. Read More
KaszeK Ventures and QED Lead USD62m Series B for Mexican Crypto Platform Bitso
KaszeK Ventures and QED Investors led a USD62m Series B for Mexico-based crypto platform Bitso, with follow-on from Coinbase Ventures and Pantera Capital. Read More
I Squared Capital Acquires and Merges Singaporean Cloud Services Companies InfoFabrica and Cloud Kinetics
I Squared Capital, through its ISQ Global Infrastructure Fund II, has acquired and merged InfoFabrica and Cloud Kinetics, two Singapore-based cloud migration services companies, as part of a new Asian Digital Infrastructure platform. Read More
Temasek Invests USD20m in Brazilian Payment Processing Platform Conductor
Temasek has invested USD20m in Conductor, a Brazilian payment processing platform and banking as a service company, bringing the company’s latest round of fundraising to USD170m. Viking Global Investors previously led a USD150m investment in Conductor in October 2020. Read More
Target Global and Palta Lead USD5m Series A for Cyprus’ Nutrition Platform Simple
Target Global and Palta led a USD5m Series A for Cyprus-based nutrition platform Simple, with participation from S16 Angel Fund and Supernova. Read More
IDB Invest and Blue Like an Orange Provide USD50m Mezzanine Facility for Panamanian Hospitality Startup Selina
IDB Invest and Blue Like an Orange have provided USD35m and USD15m, respectively, in mezzanine financing to Panama-based hospitality startup Selina to support the continuity of its expansion plans in Latin America and the Caribbean. Read More
Mid Europa to Acquire Polish Cloud Business Management Solutions Company Sage
Mid Europa Partners has entered into an agreement to acquire Sage Poland, a Polish cloud business management solutions company for SMEs, from The Sage Group. The transaction is subject to antitrust approval and is expected to close in early 2021. Read More
Carlyle Exits Indian Publishing Firm Newgen
The Carlyle Group has sold its majority stake in India-based publishing firm Newgen Knowledge Works to the company’s founder. This is Carlyle’s second exit from Newgen. Read More