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.
Itaú and Bradesco Lead USD15m Investment for Brazilian Fintech Quanto
Itaú Unibanco and Bradesco led a USD15m investment for Brazil-based fintech Quanto, with participation from KaszeK Ventures and Coatue Management. Read More
Helios Launches Africa Specialty Risk Group Through Fund IV
Helios Investment Partners has launched Africa Specialty Risk Group (ASR), a reinsurance business, in partnership with AXA Africa Specialty Risks former CEO Mikir Shah and Bryan Howett, the former CEO of Old Mutual’s pan-African reinsurance operations. Helios is investing in ASR through its latest fund, Helios Investors IV. Read More
Warburg Pincus Makes USD102m Partial Exit from Indian Registrar and Transfer Agent CAMS
Warburg Pincus has sold a 14.5% stake, a third of its overall stake, in India-based registrar and transfer agent CAMS for INR7.5b (approximately USD102m) ahead of the company’s IPO on 21 September 2020. Warburg will retain a 29% stake in the company. Read More
Endeavor Catalyst Reaches USD134m Final Close for Third VC Fund
Endeavor has reached a USD134m final close for its third co-investment vehicle, Endeavor Catalyst Fund III, through which the firm will continue investing in the Series A, B, and C of Endeavor Entrepreneurs. Read More
KKR Reaches USD11b+ First Close for Asian Fund IV
KKR has reached a USD11b+ first close for its KKR Asian Fund IV. The vehicle, which targets USD12.5b, will make pan-Asia investments with a focus on control buyout transactions. Read More
FMO Commits USD10m to XSML’s African Rivers Fund III
FMO has committed USD10m to XSML’s African Rivers Fund III, a vehicle targeting investments in SMEs in Central and Eastern Africa which reached a USD54m first close in September 2020. Read More
Naver-Led Consortium Invests USD80m in Singapore’s Classifieds Marketplace Carousell
A consortium of investors led by Naver Corporation and including Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities has invested USD80m in Singapore-based online classifieds marketplace Carousell. Read More
General Atlantic Leads USD200m Investment for Uruguayan Cross-Border Payment Processor dLocal
Existing investor General Atlantic led a USD200m investment for Uruguay-based cross-border payment processor dLocal, with participation from Addition. The deal brings dLocal’s valuation to USD1.2b, making it the first unicorn in Uruguay. Read More
VentureFriends Leads USD12m Investment in Greece- and Poland-Based Used Car Marketplace Spotawheel
VentureFriends led a EUR10m (approximately USD12m) debt and equity funding for Spotawheel, a used car marketplace with operations in Greece and Poland, with participation from existing investors Velocity Partners and FJ Labs. Read More
Ezdehar Management Acquires Stake in Egypt’s Al Tayseer Healthcare Group
Ezdehar Management has acquired an undisclosed stake in Egypt-based health care group Al Tayseer Healthcare Group through Ezdehar Egypt Mid-Cap Fund. Read More
Goldman Sachs Leads USD22.5m Investment for Brazilian Fintech iugu
Goldman Sachs Merchant Banking, the private capital arm of Goldman Sachs, led a BRL120m (approximately USD22.5m) investment for Brazil-based fintech iugu. Read More
Tiger Global, TPG, ChrysCapital, and Footpath Ventures Invest USD225m in Indian Fantasy Sports App Dream11
Tiger Global Management, TPG Tech Adjacencies, ChrysCapital, and Footpath Ventures have invested USD225m in Dream Sports, the parent company of India-based fantasy sports app Dream11. The investment brings Dream Sports’ valuation to USD2.5b. Read More