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.
Alibaba and Jeneration Capital Lead USD196m Series C3 for Chinese E-Commerce Platform Nice Tuan
Alibaba and Jeneration Capital led a USD196m Series C3 for Nice Tuan, a Chinese community-based e-commerce platform for fresh produce and household products, with participation from Kunlun Capital, China Capital Investment Group, CDH Investments, GGV Capital, Joy Capital, Qiming Venture Partners, Ince Capital, and Cygnus Equity. Read More
GL Ventures Leads USD265m Series C for Chinese SaaS Edtech Empower Education Online
GL Ventures, the VC arm of Hillhouse Capital, led a USD265m Series C for Empower Education Online, a China-based SaaS active in the education sector, with participation from Tencent, SIG, Ince Capital, and Gaocheng Capital. Read More
Toesca Reaches USD310m Close for Toesca Deuda Privada DIP LATAM
Toesca has reached a USD310m close for Toesca Deuda Privada DIP LATAM, a fund aimed at financing the restructuring of Chile-based regional carrier LATAM Airlines, which filed for bankruptcy in May 2020. Read More
Kartesia Provides EI-Backed Nu-Med with USD38m Refinancing Package
Kartesia, through its Kartesia Credit Opportunities (KCO) IV and V funds, has provided Nu-Med, a Poland-based oncology center operator backed by Enterprise Investors, with a EUR32m (approximately USD38m) refinancing package. Read More
Crescera and Vulcan Acquire Minority Stake in Brazilian Fintech Nelogica for USD103m
Crescera Capital and Vulcan Capital have acquired a minority stake in a Brazil-based fintech Nelogica for BRL550m (approximately USD103m) at a reported valuation of BRL2.9b (approximately USD542m). Read More
Abris Acquires Polish Health Care Network Operator Scanmed
Abris Capital Partners, through its Abris CEE Mid-Market III fund, has acquired 100% of Poland-based health care network operator Scanmed from Life Healthcare Group for an undisclosed amount. The transaction is subject to regulatory approvals and is expected to close in Q1 2021. Read More
Matrix and Efung Lead USD135m Series E for Chinese Drug Developer Biostar
Matrix Partners China and Efung Capital led a CNY890m (approximately USD135m) Series E for Beijing Biostar Technologies, a China-based developer of anti-tumor, small-molecule chemical drugs, with participation from CCB International Capital, Sinopharma-CICC Capital, Tianjin Venture Capital Management, and Chengdu Tianfu International Bio-Town Investment & Development. Read More
XP Private Equity Acquires Minority Stake in Brazilian Digital Skincare Brand Beyoung for USD26m
XP Private Equity has acquired a minority stake in Brazil-based digital skincare and make-up brand Beyoung for BRL140m (approximately USD26m). Read More
Apis Partners Leads USD35m Series B for Indian Fintech Cashfree
Apis Partners led a USD35m Series B for India-based digital payment services provider Cashfree, with participation from Smilegate Investment and Y Combinator. Read More
Tiger Global and Dragoneer Invest in Indian Edtech Unacademy
Tiger Global Management and Dragoneer Investment Group have reportedly invested an estimated USD75-100m in India-based edtech Unacademy at a reported USD2b valuation. Read More
BRI Ventures Reaches USD10.6m First Close for Indonesia Tech Venture Fund
BRI Ventures has reached a USD10.6m first close for Sembrani Nusantara, a tech venture fund focused on early-stage investments in MSMEs operating in the education, agro-maritime, retail, transportation, and health care sectors in Indonesia. Read More
Ventureast and Eight Roads Sell Indian Biotech Richcore Lifesciences to Eight Roads-Backed Laurus Labs for USD33m
Ventureast and Eight Roads Ventures have sold their majority stake in India-based biotechnology firm Richcore Lifesciences to Eight Roads-backed Laurus Labs for INR2.47b (approximately USD33m). Read More