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CPE Leads USD224m Investment in Chinese Cancer Diagnostics Company 3DMed Diagnostic
CITIC’s alternative asset manager CPE led a CNY1.5b (approximately USD224m) investment in 3DMed Diagnostic, a China-based cancer diagnostics company spun out of 3D Medicines, with participation from CICC Capital, Jemincare, Tsing Song Capital, Spinnotec, Haier Biomedical, Ruiyi Investment, and LanShang Capital. Read More
Source Code Reaches USD567m Final Close for Fourth RMB-Denominated VC Fund
Source Code Capital has reached a CNY3.8b (approximately USD567m) final close for its fourth RMB-denominated VC fund. Source code invests in the industrial internet of things (IIoT), intelligent manufacturing, robotics firms, and consumer-facing companies in the new consumption sector. Read More
KKR Invests USD386m in South Korean Water Sewage Treatment Company TSK
KKR has purchased a 37.39% stake in South Korean water sewage treatment company TSK Corporation from SK E&C, Huvis, and SK Discovery. KKR will have the second largest equity ownership after Taeyoung E&C with 62.61%. Read More
Mid Europa Sells Minority Stake in Hungarian Logistics Company Waberer’s to Indotek
Mid Europa Partners has agreed to sell 24% of its interest in Hungary-based freight and logistics company Waberer’s International to real estate investment and development business Indotek. The transaction is expected to close by Q1 2021. Read More
Stripe to Acquire Beenext- and Ingressive-Backed Nigerian Fintech Paystack for Reported USD200m+
Stripe has agreed to acquire Paystack, a Nigeria-based fintech backed by Beenext and Ingressive Capital, for a reported USD200m+. The terms of the deal are undisclosed. Read More
Wind Ventures, monashees, and KaszeK Invest USD12m Series A for Colombian E-Commerce Platform Chiper
Wind Ventures, monashees, and KaszeK Ventures have invested a USD12m Series A for Colombia-based e-commerce platform Chiper. Read More
Innova Capital Exits Polish Logistics Operator PEKAES via Sale to GEODIS & Buys STX Next
Innova Capital exited logistics operator PEKAES via a sale to France-based global supply chain operator GEODIS. The terms of the transaction were undisclosed. Innova Capital also made an undisclosed investment in Polish software company STX Next. Read more about the PEKAES exit or STX investment Read More
SEAF Invests in Moroccan Biometric Security Company Deepsense
SEAF Morocco Growth Fund acquired an undisclosed stake in Deepsense, a biometrics security company providing an instant identity verification solution that detects online fraud attempts. Read More
EI Acquires Additional 35% Stake in Croatian Bakery Pan-Pek
Enterprise Investors, through its Polish Enterprise Fund VII, has acquired an additional 35% stake in Croatia-based frozen bakery products producer and retailer Pan-Pek from Ivan Parać, the company’s founder. The transaction increases EI’s interest in the company to 100%. Read More
Summa Equity Acquires Singaporean Biotech Developer Sengenics, SBI Exits
Summa Equity has acquired a majority stake in Singapore-based biotech developer Sengenics through Summa Equity Fund II, facilitating an exit for SBI Islamic Fund II which sold a 12.93% stake. Read More
Baring Vostok-Backed Kaspi.kz Raises USD870m in London IPO
Kaspi, a Kazakhstan-based fintech backed by Baring Vostok and Goldman Sachs, has raised USD870m in its IPO on the London Stock Exchange, reaching a reported valuation of USD6.5b and facilitating a partial exit for Baring Vostok. Read More
ADPF and ADQ to Invest USD2.1b in ADNOC Gas Pipeline Assets
The Abu Dhabi Pension Fund (ADPF) and UAE-based holding firm ADQ have agreed to invest USD2.1b in select Abu Dhabi National Oil Company (ADNOC) gas pipeline assets. Under the terms of the agreement, ADNOC will divest 20% in ADNOC Gas Pipelines to ADPF and ADQ. Read More