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.
Investcorp Acquires Majority Stake in Singaporean Instant Cereal and Beverage Company Viz Branz
Investcorp has acquired a majority stake in Singapore-based instant cereal and beverage company Viz Branz from the company’s CEO, Mr. Ben Chng. Read More
FMO and Ezdehar to Acquire 25% Stake in Egyptian Solvent and Resin Manufacturer Eagle Chemicals from 8 Miles for USD30m
FMO and Ezdehar have agreed to jointly acquire a 25% stake in Egypt-based solvent and water-based resin manufacturer Eagle Chemicals Group from 8 Miles for an estimated USD15m each. Read More
Novastar Leads USD2m Seed Round for Kenyan Insurtech Turaco
Novastar Ventures led a USD2m seed round for Turaco, a Kenya-based insurtech with operations in Kenya and Uganda, with participation from Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acorn, and follow-on from angel investors. Read More
CDC and DPI to Acquire Indian Drugmaker Celon Laboratories for USD75m via Zanzibar Pharma
CDC Group and Development Partners International have partnered to form Zanzibar Pharma, a pharmaceuticals platform through which they have agreed to acquire Celon Laboratories, an India-based drugmaker backed by Sequoia Capital, for USD75m. Read More
Five Capital Partners, Itochu, and Suez Acquire 65% Stake in Saudi Waste Management Company EDCO
Five Capital Partners, Itochu, and Suez have acquired a 65% stake in Saudi Arabia-based hazardous waste management company Environment Development Company (EDCO) for an undisclosed amount. Read More
GIC Leads USD200m Series D2 for Chinese Edtech Aixuexi Education
GIC led a USD200m Series D2 for China-based edtech Aixuexi Education Group, bringing the total capital raised by the company through its Series D to over USD300m. Warburg Pincus and Tencent contributed to the Series D in 2019. Read More
IDG Leads USD80m Series B for Chinese Biotech Firm PTM Biolabs
IDG Capital led a USD80m Series B for China-based biotech firm PTM Biolabs, with participation from Fortune Capital, Highlight Capital, and SDIC Venture Capital. Read More
Ascent Capital Reaches USD88m Final Close for Debut Myanmar Fund
Ascent Capital has reached a USD88m final close for its Ascent Myanmar Growth Fund. The vehicle will make 10-15 investments in SMEs active in the consumer, education, financial services, health care, technology, media, and telecommunications sectors in Myanmar. Read More
Horizon Capital Increases Stake in Ukrainian Digital Services Provider Datagroup
Horizon Capital’s EEGF II has increased its stake in Ukraine-based fiber infrastructure and digital services provider Datagroup from 73.46% to 96.13%. As a result of the transaction, the company’s founder and other minority investors have fully exited Datagroup. Details of the transaction were not disclosed. Read More
Yingke PE Reaches USD1.5b Final Close for China-Focused Tech and Health Care Fund
Yingke Private Equity has reached a USD1.5b final close for the Yingke China Core Asset Strategic Allocation Fund, a vehicle focused on investments in core technology and biomedical science assets in China. Read More
GIC Acquires 17.5% Stake in Renewable Energy Platform AC Energy Philippines for USD412m
GIC has agreed to acquire a 17.5% stake in AC Energy Philippines, a Philippines-based renewable energy platform, for USD412.5m. Read More
OTPP and ADIA Invest USD1.25b in Singaporean Renewable Energy and Waste Infrastructure Developer Equis Development
Ontario Teachers’ Pension Plan Board and Abu Dhabi Investment Authority have committed USD1.25b to Equis Development, a Singapore-based renewable energy and waste infrastructure developer and operator. Read More