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Qiming Reaches USD1.2b Final Close for China VC Fund
Qiming Venture Partners has reached a USD1.2b final close for Qiming Venture Partners Fund VII, a vehicle targeting early-stage investments in the health care and TMT sectors in China. Read More
Sequoia Capital Leads USD5.9m Series A for Indian Livestock Trading Platform Animall
Sequoia Capital India led a INR445m (approximately USD5.9m) Series A for India-based livestock trading platform Animall Technologies, with participation from Omnivore Partners and LetsVenture Fund. Read More
CDC, DPI, and EBRD Acquire Adwia Pharmaceuticals and Seed USD750m Pan-African Biopharma Platform
CDC Group, Development Partners International, and the European Bank for Reconstruction and Development have jointly committed USD250m to fund the acquisition and combination of Egypt-based drugmaker Adwia Pharmaceuticals and India-based drugmaker Celon Laboratories to create a new USD750m pan-African biopharmaceutical platform. Read More
Future Capital Reaches USD187m Final Close for China-Focused Tech Fund
Future Capital Discovery Fund has reached a USD187m final close for its USD Fund IV, its fourth USD-denominated vehicle targeting early-stage investment opportunities in enterprise technology and consumer technology companies in China. Read More
GGV Capital Leads USD30m Series D for Indian Insurtech Turtlemint
GGV Capital led a USD30m Series D for India-based insurtech Turtlemint, with participation from American Family Ventures, MassMutual Ventures, and SIG. Existing investors Sequoia Capital India, Blume Ventures, Nexus Venture Partners, Dream Incubator, and Trifecta Capital followed on. Read More
ARCH EM Partners to Invest USD40m in Secondary Deal for CrossBoundary Energy
ARCH Emerging Markets Partners’ Africa Renewable Power Fund has agreed to invest USD40m in CrossBoundary Energy, a pan-African investment fund focused on commercial and industrial solar services, in a secondary transaction that will see initial investors in the fund exit. Read More
AIIM and STOA Lead USD97m Investment in South African Fiber Network Operator MetroFibre Networx
African Infrastructure Investment Managers (AIIM), through its newly incorporated Digital Infrastructure Investment Holdings platform, and existing investor STOA, a foreign investment vehicle based in France, led a ZAR1.5b (approximately USD97m) investment in MetroFibre Networx, a South Africa-based open access fiber network operator. AIIM invested ZAR980m (approximately USD64m) for a minority stake in the company. Read More
DEG Commits up to USD11.8m to Vinci Impact and Return Fund IV
DEG has agreed to commit up to USD11.8m to Vinci Impact and Return Fund IV, a fund managed by Vinci Partners. The vehicle will invest in SMEs across the education, health care, IT, and environmentally friendly consumer goods sectors in Brazil. Read More
EB Capital Acquires 55% Stake in Brazilian E-Commerce Platform Loja do Mecânico for USD101m
EB Capital has acquired a 55% stake in Brazil-based e-commerce platform for tools and machines Loja do Mecânico for BRL550m (approximately USD101m). The transaction reportedly brings the company’s valuation to BRL1b (approximately USD183m). Read More
CITIC- and Caixin Global-Led Consortium Exits Market Intelligence Provider ISI Emerging Markets via Sale to Montagu
A consortium led by CITIC Capital and Caixin Global has agreed to fully exit its investment in ISI Emerging Markets Group, a market intelligence provider originally founded in Hong Kong, via a sale to Montagu. The transaction is expected to close by year-end. Read More
Aqua Capital Acquires Brazilian Agribusiness Verde Agrícola
Aqua Capital has agreed to acquire Verde Agrícola, a Brazil-based reseller of spare parts for agricultural machinery, for an undisclosed amount. Read More
TA Associates to Acquire 60% Stake in Indian Nutraceutical Ingredients Company OmniActive for USD150m, Everstone Exits
TA Associates has agreed to acquire a 60% stake in India-based OmniActive Health Technologies for USD150m, facilitating an exit for Everstone Capital and several HNIs. Everstone held a 35% stake in the company. Read More