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Crescera to Invest up to USD55.5m in Brazilian Funeral Services Provider Grupo Zelo
Crescera Capital has agreed to invest up to BRL305m (approximately USD55.5m) in Brazil-based funeral services provider Grupo Zelo. Read More
Pátria Acquires 20% Stake in Brazilian Conglomerate Ultra SA
Pátria Private Equity VI, a fund managed by Pátria Investimentos, has acquired a 20% stake in Ultra SA, a Brazil-based conglomerate operating in sectors ranging from fuel distribution and specialty chemicals production to pharmacies. Read More
GL Ventures Leads USD130m Pre-Series B for Chinese AI Chip Manufacturer Biren Technology
GL Ventures, the VC unit of Hillhouse Capital, invested a CNY900m (USD130m) pre-series B round for Biren Technology, a Chinese artificial intelligence chip design company. Sky9 Capital, Gaorong Capital, Co-Stone Capital, and Shenzhen Haichuang Fund Management also participated, as did Jinpu Investment, a unit of government-backed Shanghai International Group. Qiming Venture Partners, IDG Capital, and Walden International led a CNY1.1b… Read More
Multiples PE Invests USD6.7m in Indian Fashion and Retail Company Arvind Fashions
Multiples Alternate Asset Management has increased its 11.03% stake in India-based fashion and retail company Arvind Fashions to 11.67% through the acquisition of an additional 5.04 million shares for INR505m (approximately USD6.7m). Read More
Centurium Acquires Controlling Stake in Beijing Jingdu Children’s Hospital for Reported USD150m
Centurium Capital has acquired a controlling stake in China-based Beijing Jingdu Children’s Hospital for a reported USD150m. Read More
971 Capital Leads USD20m Investment in Dubai’s Insurtech Sehteq
UAE-based VC 971 Capital led a USD20m investment in Dubai-based insurtech Sehteq. Read More
Highlight Capital, CPE, and Yingke Lead USD72m Series D for Chinese Medical Devices Manufacturer Hanyu Medical
Highlight Capital, CPE (formerly known as CITIC Private Equity), and Yingke Capital led a CNY500m (approximately USD72m) Series D for China-based medical devices manufacturer Hanyu Medical, with participation from Beijing Alan Asset Management, Everest Ventures, MeFund, Orient Securities Capital, TF Capital, and Chunfeng Venture Capital. Read More
KTB Network Leads USD11.4m Series A for Indian Lifestyle-Focused Video Platform Trell
KTB Network led a USD11.4m Series A for India-based lifestyle-focused video platform Trell, with participation from Samsung Ventures and Firebolt Ventures, and existing investors Sequoia Capital, Fosun RZ Capital, and WEH Ventures. The deal is pending government approval. Read More
Virginia Retirement System Commits USD125m to KKR Asia Fund IV
The Virginia Retirement System has committed USD125m to KKR Asia Fund IV. The vehicle, which targets USD12.5b, will make pan-Asia investments with a focus on control buyout transactions. The fund recently received USD70m and USD300m commitments from the Texas Permanent School Fund and the New York State Common Retirement Fund, respectively. Read More
FutureX Capital and Tao Chang Lead USD120m Series C for Chinese Edtech Palfish
FutureX Capital and Tao Chang, founder of Dianping.com, led a USD120m Series C for China-based English learning platform Palfish, with follow-on from SIG and Whales Capital. Read More
SEAF Makes Undisclosed Investment in Filipino Outsourced Accounting & Financial Services Provider CloudCfo
SEAF has made an undisclosed investment in CloudCfo, a Philippines-based tech-enabled provider of outsourced accounting and financial services, through its Women’s Opportunity Fund. Read More
A1A Company Leads USD32m Investment in Indian Healthtech Practo
A1A Company led a USD32m investment in India-based healthtech Practo, with participation from Tencent, Sequoia Capital, Sofina Ventures, Matrix Partners, G Capital, and RTP Global. Read More