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ENGIE-CDPQ Consortium Acquires Remaining 10% Stake in Brazilian Natural Gas Pipeline TAG from Petrobras for USD186m
Caisse de dépôt et placement du Québec (CDPQ) and ENGIE have completed the purchase of Brazilian state-owned oil company Petrobras’ remaining 10% stake in Brazilian natural gas pipeline Transportadora Associada de Gás (TAG) for BRL1b (approximately USD186m). This transaction follows CDPQ and ENGIE’s acquisition of 90% of TAG for USD8.6b in 2019. Read More
Earlybird and FJ Labs Exit Turkish Furniture Marketplace Vivense in USD130m Deal
Earlybird VC and FJ Labs have reportedly fully exited Turkish online furniture marketplace Vivense as part of a USD130m deal that has seen Actera Group acquire an undisclosed stake in the company. Read More
Fidelity Leads USD97m Series C for Chinese Therapeutics Company Antengene
Fidelity Management & Research Company led a USD97m Series C for China-based oncology-focused therapeutics company Antengene, with participation from Hillhouse Capital and GIC, and follow-on from Qiming Venture Partners and Boyu Capital. Read More
Aspex, Coatue, Hillhouse, and Sequoia Invest USD500m Series C+ for Chinese Smart EV Company Xpeng Motors
Aspex Management, Coatue Management, Hillhouse Capital, and Sequoia Capital China have invested a USD500m Series C+ for China-based smart EV company Xpeng Motors. The company closed a USD400m Series C in November 2019. Read More
Hillhouse, UBS, JPMorgan, and Others Invest USD2.8b in Chinese EV Battery Manufacturer CATL
Hillhouse Capital, UBS, JPMorgan, Goldman Sachs International, Merrill Lynch International, and Honda Motor Company have invested USD2.8b in China-based EV battery manufacturer Contemporary Amperex Technology (CATL) via a private share placement. Read More
EAV Invests in Chad’s Electrification Company ZIZ Energie
African investment firm Energy Access Ventures (EAV) has invested an undisclosed amount in Chad-based power and electrification company ZIZ Energie. Read More
E4E Africa Reaches USD8.1m First Close
Entrepreneurs for Entrepreneurs Africa (E4E Africa), a new venture capital fund that has officially launched in South Africa, has reached a ZAR135m (approximately USD8.1m) first close anchored by SA SME Fund. Read More
Canary and Norte Ventures Invest ~USD930k in Brazilian SaaS Startup Rapicare
Canary and Norte Ventures have invested BRL5m (approximately USD930k) in Brazil-based health care-focused SaaS startup Rapicare. Read More
Kotak Special Situations Fund Invests USD66.5m in Indian Building Materials Manufacturer and Retailer Nuvoco
Kotak Special Situations Fund, managed by Kotak Investment Advisors, has invested INR5b (approximately USD66.5m) in India’s Nuvoco, the building materials manufacturer and retail arm of Nirma Group, to finance the acquisition of cement business Emami Cement. Read More
Coatue Management Leads USD100m Series D for Indian Edtech Vedantu
Coatue Management led a USD100m Series D for India-based edtech Vedantu, with participation from existing investors Tiger Global, GGV Capital, Westbridge, and Omidyar Network. Read More
Wavemaker Partners Reaches USD111m Final Close for Third Southeast Asia Fund
Wavemaker Partners has reached a USD111m final close for its third Southeast Asia fund, exceeding its initial target of USD100m. The vehicle will invest in early-stage enterprise and deep tech startups. Read More
Pátria-Backed Produtec to Acquire Brazilian Agribusiness Integra
Produtec, a company backed by Pátria Investimentos, has agreed to acquire Brazil-based agribusiness Integra for an undisclosed amount. Read More