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B Capital and Insignia Venture Partners Lead USD53m Series B for Indonesian Fintech Payfazz
B Capital and Insignia Venture Partners led a USD53m Series B for Indonesia-based fintech Payfazz, with participation from new investor BRI Ventures and follow on from Tiger Global Management, Y Combinator, ACE & Company, and Quiet Capital. Read More
Indies Capital Partners Reaches USD100m First Close for Third Southeast Asia Fund
Singapore-based alternative asset manager Indies Capital Partners has reached a USD100m first close for its third fund to target structured credit and private equity deals in Southeast Asia, with a particular focus on Indonesia. Temasek’s Pavilion Capital was reportedly an anchor investor. Read More
General Atlantic to Exit Brazilian Brokerage XP via Secondary Share Offering
General Atlantic and XP Controle Participações, the founding holding company of Brazilian brokerage XP, have filed for a secondary share offering of USD1b for up to 22.4 million shares on Nasdaq. Read More
Carlyle Exits Indian Diagnostic Chain Metropolis Healthcare for USD11.3m
The Carlyle Group has exited its remaining stake in India-based diagnostic chain Metropolis Healthcare for INR842m (approximately USD11.3m) via a sale to SBI Life Insurance Company, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Sundaram BNP Paribas Mutual Fund. Read More
Intel to Invest USD253.5m in India’s Jio Platforms
Intel Capital has agreed to invest USD253.5m in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 0.39% stake. Jio is now valued at USD65b. Read More
KKR to Acquire 54% Stake in Indian Pharma JB Chemicals for USD415m
KKR has agreed to acquire a 54% stake in India-based JB Chemicals & Pharmaceuticals for INR31b (approximately USD415m). The deal, valued at USD500m, will trigger an open offer for an additional 26% that might see KKR owning up to a 64.9% stake in the company. Read More
responsAbility-Managed Global Climate Partnership Fund Invests USD10m in Indian Solar Power Company CleanMax
The Global Climate Partnership Fund, an emerging markets-focused fund managed by responsAbility Investments, has invested USD10m in India-based solar solutions provider CleanMax to support its expansion into Southeast Asia. Read More
Y Combinator and Mosaic Ventures Lead USD15.5m Investment in Estonian Identity Verification Platform Veriff
Y Combinator and Mosaic Ventures led a USD15.5m investment in Estonia-based identity verification platform Veriff, with participation from NordicNinja VC and Change Ventures. Read More
Carlyle Acquires Majority Stake in Czech Translation Software Provider Memsource
The Carlyle Group has acquired a majority stake in Czech Republic-based language translation software provider Memsource for an undisclosed amount through Carlyle Europe Technology Partners IV. Read More
LeapFrog to Acquire 24% Stake in Kenyan Insurer ICEA LION
LeapFrog Investments has agreed to acquire a 24% stake in Kenya-based insurer and asset manager ICEA LION through LeapFrog Strategic Africa Investments, a USD350m investment vehicle set up by LeapFrog and Prudential Financial. Read More
Auster Capital Reaches USD500m+ First Close for Debut Fund
Auster Capital has reached a USD500m+ first close for its debut fund, Auster Capital I. The vehicle, which targets USD1b, will invest in the industrial manufacturing, consumer, and health care sectors in Europe and will focus on businesses that plan to benefit from Chinese growth potential or expect to be part of inbound or outbound Chinese M&A. Read More
Africinvest IV Reaches USD202m First Close
AfricInvest IV has reached a USD202m first close anchored by recent investments from CDC and Finnfund, who committed USD50m and USD20m, respectively. The fund, which targets USD500m and is managed by pan-African private equity fund manager AfricInvest, will focus on mid-market growth capital transactions in Africa. Read More