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TPG and Northstar Acquire 80% Stake in Japfa’s Indonesian Dairy Unit for USD236m
TPG and Northstar Group have acquired an 80% stake in the Indonesian dairy business of Singapore-based agrifood company Japfa for USD236m. Read More
Everstone to Exit Singaporean Customer Experience Solutions and Tech Company Everise via Sale to Brookfield
Everstone Capital has agreed to sell Singapore-based customer experience solutions and technology company Everise to Brookfield Business Partners. Details of the transaction have not been disclosed, but media reports value it at USD450m. Read More
Mountain Nazca, Flourish Ventures, Valar Ventures, and Greyhound Capital Invest USD45m in Mexican Challenger Bank albo
Mountain Nazca, Flourish Ventures, Valar Ventures, and Greyhound Capital, among others, have invested USD45m in Mexico-based challenger bank albo. Read More
Carlyle and GIC Partially Exit Brazilian Hospital Network Rede D’Or via USD2.23b IPO
The Carlyle Group and GIC have sold a small portion of their combined stake in Brazil-based hospital network Rede D’Or, reducing it from 37.8% to 34%, via the company’s BRL11.4b (approximately USD2.23b) IPO. Read More
EAV Leads USD14m Series A for Kenyan Energy Startup SunCulture
Energy Access Ventures (EAV) led a USD14m Series A for SunCulture, a Kenya-based provider of solar power systems, water pumps, and irrigation systems for smallholder farmers, with participation from Acumen Capital Partner, Dream Project Incubators, and Électricité de France. Read More
Arbor Ventures and Mubadala Lead USD23m Debt and Equity Series A for UAE’s Buy Now Pay Later Platform Tabby
Arbor Ventures and Mubadala Capital led a USD23m debt and equity Series A for UAE-based buy now, pay later platform Tabby, with participation from STV, Raed Ventures, Global Founders Capital, Jameel Investment Management Company, Global Ventures, VentureSouq, Outliers Venture Capital, MSA Capital, HOF Capital, and Arab Bank. Read More
Andreessen Horowitz Leads USD5.5m Seed Round for Ukrainian Face-Swap Video App Reface
Andreessen Horowitz led a USD5.5m seed round for Reface, a Ukraine-based app for video and GIF face-swaps, with participation from angel investors. Read More
Riverwood Invests USD32m in Brazilian E-Commerce and Omnichannel Logistics
Riverwood Capital has invested USD32m in Intelipost, a Brazil-based e-commerce and omnichannel logistics tech company. Intelipost just announced a merger with Brazil-based logistics technology startup AgileProcess. Read More
Everstone Acquires Majority Stake in Indian Specialty Ingredients Manufacturer Calibre
Everstone Capital has acquired a majority stake in Calibre, an India-based specialty ingredients manufacturer focused on the pharmaceutical, nutritional, and personal care segments. The details of the transaction are undisclosed. Read More
LGT Lightstone and Falcon Edge Invest USD40m Series C for Indian Edtech Cuemath
LGT Lightstone Aspada and Falcon Edge’s Alpha Wave Incubation led a USD40m Series C for India-based edtech Cuemath, with follow-on from CapitalG, Sequoia Capital, and Manta Ray Ventures. Read More
EXEO Capital Invests in Kenyan Ice Cream & Chocolate Brand Glacier Products
EXEO Capital, through its Agri-Vie Fund II, has invested an undisclosed amount in Glacier Products, the Kenya-based producer of ice-cream and chocolate brand Dairyland. The transaction is subject to regulatory approvals. Read More
Orchid Asia Invests USD120m Series E for Chinese Financial Information Services Provider Snowball
Orchid Asia has invested a USD120m Series E for Snowball, a China-based financial information services provider focused on cross-border investments. Read More