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Warburg to Acquire 30% Stake in India’s Home First Finance for USD108.4m
Warburg Pincus has agreed to acquire a 30% stake in India-based housing finance company Home First Finance for INR8b (approximately USD108.4m). Existing shareholders True North Capital and Bessemer Ventures will sell part of their stakes to Warburg as part of the deal. Read More
Cogito Invests USD4.3m Series A for Polish Healthtech HomeDoctor
Cogito Capital Partners has invested a EUR3.7m (approximately USD4.3m) Series A for Poland-based healthtech HomeDoctor, with participation from the company’s founders. Read More
Warburg and Carlyle Invest USD140m in Chinese Budget Cosmetics Brand Perfect Diary
Warburg Pincus and the Carlyle Group have each invested USD70m, for a total of USD140m, in China-based budget cosmetics brand Perfect Diary. The company is reportedly planning a US IPO for 2021. Read More
GIP Provides USD325m in Financing to Mexican Power Producer Saavi Energia
Global Infrastructure Partners has provided a USD325m secured term loan to Mexico-based power producer Saavi Energia through its GIP Spectrum Fund. Read More
Advent Reaches USD2b Final Close for LAPEF VII
Advent International has reached a USD2b final close for Advent Latin American Private Equity Fund VII (LAPEF VII). The vehicle will target investments in Brazil, Colombia, Mexico, and Peru across five sectors: business and financial services; health care; industrial; retail, consumer, and leisure; and technology. Read More
Chiratae Leads USD5m Series A for India- and US-Based SaaS Startup SquadStack
Chiratae Ventures led a USD5m Series A for SquadStack, an India- and US-based Saas startup focused on sales acceleration, with participation from existing investors Blume Ventures. Read More
Allegro Raises USD2.3b in Warsaw IPO, Permira, Mid Europa Partners, and Cinven Exit
Poland-based e-commerce group Allegro has raised USD2.3b in its IPO on the Warsaw Stock Exchange, facilitating a partial exit for shareholders Permira, Cinven, and Mid Europa Partners who originally acquired the business in 2016 for USD3.25b. The IPO reportedly values Allegro at USD11.2b. Read More
Tiger Global, Lone Pine Capital, Constellation, Endeavor Catalyst, and Softbank Invest USD225m Series D for Brazilian E-Commerce Solutions Provider VTEX
Tiger Global, Lone Pine Capital, Constellation, Endeavor Catalyst, and Softbank have invested a BRL1.25b (approximately USD225m) Series D for Brazil-based e-commerce solutions provider VTEX. The deal brings the company’s reported valuation to USD1.7b, granting it unicorn status. Read More
DST Global, Soma Capital, and GMO Venture Partners Invest USD10-15m in Indonesian Fintech BukuWarung
DST Global, Soma Capital, GMO Venture Partners, VentureSouq, 20VC, and angel investors have invested between USD10m and USD15m in BukuWarung, an Indonesia-based bookkeeping and payments platforms for micro-merchants. Read More
Softbank, PICC, and Morningside VC Lead USD319m Series C for Chinese AI-Enabled Drug Developer XtalPi
Softbank Vision Fund 2, PICC Capital, and Morningside Venture Capital led a USD319m Series C for XtalPi, a China-based pharmaceutical firm that uses AI to develop new drugs, with participation from existing investors Tencent Holdings, Sequoia Capital China, China Life, and SIG. New investors include CICC Capital, China Merchants Bank International, Mirae Asset, CITIC Securities, CITIC Capital, Shunwei Capital, Oceanpine… Read More
Hillhouse Leads USD147 Series D for Chinese Biotech Company InventisBio
GL Ventures, the VC arm of Hillhouse Capital, led a USD147m Series D for China-based biotech company InventisBio, with participation from new investors Qiming Venture Partners, Matrix Partners China, Janchor Partners, AIHC Capital, Dyee Capital, and E Fund Capita. Existing investors Lilly Asia Ventures, Advantech Capital, OrbiMed Asia, Pudong Innotek Capital, and CMB International also participated. Read More
Tencent, Hillhouse, and Yunfeng Lead USD176m Series F for Chinese Medical SaaS Startup Taimei Technology
Tencent Holdings, Hillhouse’s VC arm GL Ventures, and Yunfeng Capital led a CNY1.2b (approximately USD176m) Series F for China-based medical SaaS startup Taimei Technology, with participation from Zheshang Venture Capital, Morningside Venture Capital, Matrix Partners China, SBCVC, Cowin Capital, Ivy Capital, Beijing Future Startup Fund Management, and Fanzhuo Capital. Read More