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TPG, Singapore Life, and Sumitomo Life Acquire Singapore Unit of UK Insurance Company Aviva for USD2b
A consortium of investors led by Singapore Life (Singlife) and including TPG and Japanese insurer Sumitomo Life have acquired the Singapore business of UK-based insurance company Aviva for USD2b. The transaction, which is expected to close in January 2021, will grant the consortium a 75% interest in Aviva Singlife, the new entity, with TPG and Sumitomo Life taking 35% and… Read More
HIMangel Leads USD0.86m Pre-Series A for Egyptian Healthtech Rology
HIMangel led a USD0.86m pre-Series A for Egypt-based teleradiology platform Rology, with participation from Dubai Angel Investors, The Asia Africa Investment & Consulting (AAIC), and Athaal Group. Read More
I&P Sinergi Burkina Fund Provides Seed Funding to Five Companies in Burkina Faso
Sinergi Burkina, an SME-focused impact investment fund sponsored by Investisseurs & Partenaires, has provided seed funding to five companies in Burkina Faso, namely: Maïa, an anti-malaria ointment developer; Bioprotect, an organic inputs producer and marketer; Prince Dessuti International, a textile company; Monsalon, a carpentry and interior decoration company; and Afrik Bovia, a cattle farm. Read More
ADV Partners Sells 10.46% Stake in Indian Heating and Ventilation Equipment Manufacturer Amber Enterprises for USD82m
ADV Partners has sold a 10.46% stake in India-based heating and ventilation equipment manufacturer Amber Enterprises for INR6.04b (approximately USD82m) through open market transactions. Before the transaction, ADV Partners held 20.9% shares of the company. Read More
PAG Commits USD300m to Chinese Fintech LexinFintech
PAG has agreed to invest USD300m in China-based online consumer finance platform LexinFintech via a private placement of convertible notes. Read More
Advent Exits Brazilian Investment Platform Easynvest to Nubank & Becomes an Investor in Nubank
Advent International has agreed to sell its stake in Brazil-based digital investment platform Easynvest to Brazilian fintech Nubank. As part of the agreement, Advent and other shareholders of Easynvest have also agreed to become investors in Nubank. Read More
China Renaissance Reaches USD600m Final Close for Huaxing Growth III
China Renaissance has reached a USD600m final close for Huaxing Growth Capital III, its third US-denominated fund targeting investments in growth stage companies across the new economy sectors in China. Read More
Sequoia China, Country Garden VC, Matrix Partners, and Co-Stone Capital Lead USD175m Series C+ for Chinese Commercial Rocket Developer Landspace
Sequoia Capital China, Matrix Partners China, Co-Stone Capital, and the VC arm of Country Garden led a USD175m Series C extension for China-based commercial rocket developer Landspace, with participation from China Small Medium Enterprises Development Fund, Lightspeed China Partners, Gopher Asset Management, and an investment arm of Hong Kong-listed property developer Sunac. Read More
Y Combinator Continuity Leads USD30m Series C for Indian Wealth Management Platform Groww
Y Combinator Continuity Fund led a USD30m Series C for India-based wealth management platform Groww, with participation from existing investors Sequoia Capital, Ribbit Capital, and Propel Venture Partners. Read More
Tiger Global Invests USD102.5m Series J for Indian Food Delivery Startup Zomato
Tiger Global has invested INR7.6b (approximately USD102.5m) in the ongoing Series J for India-based food delivery startup Zomato at a valuation of USD3.4b. Read More
Vinci Partners Invests USD75m in Brazilian Digital Bank Agibank
Vinci Partners has acquired a minority stake in Brazil-based digital bank Agibank for BRL400m (approximately USD75m). Read More
L Catterton and Future Positive Lead USD85m Series C for Chilean Foodtech NotCo
L Catterton and Future Positive led a USD85m Series C for Chile-based foodtech NotCo. Read More