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.
Actis Reaches USD2.9b First Close for Fifth Energy Fund
Actis has reached a USD2.9b first close for Actis Energy 5, a vehicle focused on renewable energy investments across Latin America, Africa, and parts of Asia and targeting USD4b. Read More
Uncork Capital and Bling Capital Lead USD2.2m Seed Round for Uruguayan Low-Code AI Startup MonkeyLearn
Uncork Capital and Bling Capital led a USD2.2m seed round for Uruguay-based no-code and low-code AI startup MonkeyLearn. Read More
QED Leads USD22.5m Series B for Brazilian Fintech Warren
QED Investors led a BRL120m (approximately USD22.5m) Series B for Brazil-based fintech Warren, with participation from KaszeK Ventures, Chromo Invest, Ribbit, MELI Fund, WPA, and Quartz. Read More
Hudson Bay Leads USD102.8m Series C for US- and China-Based Biotech Harbour BioMed
Hudson Bay Capital led a USD102.8m Series C for US- and China-based biotech Harbour BioMed, with participation from Orbimed Asia, Country Garden VC, GTJA Investment Group, Octagon Capital, and Sage Partners, and follow-on from existing investor Greater Bay Area Investment Fund. Read More
CICC Capital Leads USD129m Series D for Chinese Energy Services Platform Newlink
CICC Capital led a CNY900m (approximately USD129m) Series D for China-based energy services platform Newlink Group, with participation from Xiaomi Corporation and existing investors Joy Capital, Nio Capital, and Korea Investment Partners. Read More
Helios to Merge Helios Holdings Group with Fairfax Africa to Create Helios Fairfax Partners
Helios Holdings Group, the holding company of Helios Investment Partners, and Fairfax Africa Holdings Corporation, an investment holding company traded on the Toronto Stock Exchange, have agreed to combine their businesses to create Helios Fairfax Partners, a pan-African investment firm. The transaction, which is expected to close in Q3 2020, will see Helios holding a 45.9% stake in the new… Read More
Yingke PE Reaches USD286m Final Close for Latest China Fund
Yingke Private Equity has reached a USD286m final close for its latest CNY-denominated fund. The vehicle will invest in biomedicine, consumer, military and aerospace sectors in China. Read More
Soma Capital, InQlab, and Palm Drive Capital Invest USD5m in Colombian E-Commerce Platform LAIKA
Soma Capital, InQlab, and Palm Drive Capital have invested USD5m in a seed round for Colombia-based e-commerce platform for pet products and services LAIKA, with participation from angel investors, including Tinder Co-Founder Justin Mateen and entrepreneur brothers Justin Kan and Daniel Kan. Read More
SkyLake to Acquire South Korea’s EV Battery Materials Maker Doosan Solus for Reported USD585m
SkyLake Investment has agreed to acquire Doosan Solus, the EV battery materials maker unit of South Korea-based conglomerate Doosan Group. The company is looking to sell its entire 61% stake for KRW700b (approximately USD585m). Read More
SoftBank-Backed DCM Reaches USD780m Final Close for Latest China Fund
SoftBank-backed DCM Ventures has reached a USD780m final close for China-focused DCM IX and has secured a further USD100m for DCM A-Fund III. Read More
Oaktree Capital to Invest USD1.3b in Bankruptcy Financing for LATAM Airlines
Oaktree Capital Management has agreed to invest USD1.3b in bankruptcy financing for LATAM Airlines Group. The Group and its affiliates in Chile, Peru, Colombia, Ecuador, and the US filed for US Chapter 11 creditor protection on 26 May 2020, and its affiliate in Brazil was recently incorporated in the process. Read More
Warburg Partially Exits Chinese Reproductive Services Provider Jinxin Fertility for USD194m
Warburg Pincus has partially exited Hong Kong-listed assisted reproductive services provider Jinxin Fertility by selling approximately 5.39% of its 18.39% stake in the company for HKD1.5b (approximately USD194m). Read More