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.
Baring Vostok and Goldman Sachs Acquire Stake in Russian Finance and Insurance Marketplace Sravni.ru
Baring Vostok and Goldman Sachs have acquired stakes in Russia-based finance and insurance marketplace Sravni.ru. Read More
OTPP Leads USD360m Investment in Singaporean Data Center Developer Princeton Digital Group
Ontario Teachers’ Pension Plan Board led a USD360m investment in Singapore-based infrastructure and data center developer Princeton Digital Group, with follow-on from Warburg Pincus. Read More
Edelweiss Reaches USD900m Final Close for Special Opportunities Fund III
Edelweiss Alternative Asset Advisors has reached a USD900m final close for Edelweiss Special Opportunities Fund III, a vehicle focused on providing structured credit to mid-market companies in India. Read More
I Squared Capital-Backed Cube Highways Acquires Nine Highways in India from NHAI for USD684m
Cube Highways, a portfolio company of I Squared Capital through its ISQ Global Infrastructure Fund II, has acquired nine highways from the National Highways Authority of India (NHAI) for INR50.1b (approximately USD684m). Read More
Proterra-Led Consortium and Eat Just Invest USD120m in Singaporean Plant Protein Facility
A consortium of investors led by Proterra Investment Partners Asia has partnered with US plant-based food startup Eat Just to invest USD120m to launch Eat Just’s first Asia-based protein facility. As part of the deal, Proterra will invest USD100m and Eat Just will supply the remaining USD20m. Read More
SEAF & DFC Launch SEAF Global Gender Lens Emergency Loan Finance Facility
The U.S. International Development Finance Corporation (DFC) and SEAF announced the launch of the SEAF Global Gender Lens Emergency Loan Finance facility (C19F). C19F will make loans of up to USD3m for up to four years to finance company expansion, asset acquisition, loan refinancing, and working capital for SMEs supporting women in DFC-eligible countries. Read More
Eat Just and Proterra Investment Partners Invest USD120m in Singapore-Based Plant Protein Facility
Eat Just, the US-based plant-based food startup, is partnering with agtech-focused PE firm Proterra Investment Partners Asia to launch its first Asia-based protein facility. Eat Just Asia will focus on creating a fully-integrated supply chain, working with manufacturers and distributers for Eat Just’s flagship product, vegan egg substitute Just Egg. Read More
Valor and monashees Lead ~USD15m Series A for Brazilian Healthtech Sami
Valor Capital Group and monashees led a BRL86m (approximately USD15.3m) Series A for Brazil-based healthtech Sami, with participation from Redpoint eventures and Canary. Read More
AfricaGrow Commits Combined USD35m to SPE AIF I and CAIF
AfricaGrow, a fund of funds established by KfW Development Bank and Allianz Global Investors, has committed EUR15m (approximately USD17.5m) to SPE AIF I, a fund managed by SPE Capital Partners targeting investments in Egypt, Jordan, Morocco, and Tunisia, and EUR15m to Cathay AfricInvest Innovation Fund (CAIF), a pan-African VC fund established by AfricInvest and Cathay Innovation. Read More
PortfoLion Invests USD2.5m Series A for Polish E-Commerce CRM Platform edrone
Hungarian VC PortfoLion has invested a EUR2.11m (approximately USD2.5m) Series A for edrone, a Poland-based e-commerce CRM platform that provides advanced marketing automation solutions. The capital will fund research and business development in Central and Eastern Europe and in Latin America. Read More
Gulf Capital Acquires Majority Stake in UAE’s Intellectual Property Services Provider CWB
Gulf Capital has acquired a majority stake in CWB Group, an intellectual property services provider with operations in the Middle East and North Africa, for an undisclosed amount. Read More
Sequoia India and Flourish Ventures Lead USD22.5m Series A for Bangladeshi B2B Platform ShopUP
Sequoia Capital India and Flourish Ventures led a USD22.5m Series A for ShopUp, a Bangladesh-based B2B platform for MSMEs, with participation from Speedinvest, Veon Ventures, and Lonsdale Capital Singapore. Read More