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Financial Services Capital Leads USD2.2m Series B for Hungarian Fintech Barion
Financial Services Capital led a EUR2m (approximately USD2.2m) Series B for Hungary-based fintech Barion Payment. Read More
Carlyle to Invest USD198m in South Korean Financial Services Conglomerate KB Financial
The Carlyle Group has agreed to invest USD198m in Korea-based financial services conglomerate KB Financial through Carlyle Asia Partners V. Per the agreement, the two companies will also work together on the restructuring and financing of Carlyle’s investments in South Korea. Read More
Ascendent Capital Partners Fully Exits Chinese Dairy Producer Ningxia Harmony Dairy Development via Sale to New Hopy Dairy
Ascendent Capital Partners has agreed to fully exit China-based dairy producer Ningxia Harmony Dairy Development via a sale to majority shareholder New Hopy Dairy. The deal, expected to close by Q42020, will reportedly see Ascendent receive USD109m for its stake. Read More
V Fund Leads USD50m Series C2 for Warburg-Backed Chinese Robotics Developer Geek+
V Fund led a USD50m Series C2 for Geek+, a China-based robotics developer backed by Warburg Pincus, with participation from Vertex Ventures and RedView Capital. GGV Capital, D1 Capital, and Warburg Pincus led the company’s USD150m Series C1 in June 2019. Read More
L Catterton Makes Undisclosed Investment in Brazilian Online Pet Retail Brand PetLove
L Catterton has made an undisclosed investment in Brazil-based online pet product retailer PetLove. Terms of the transaction were not disclosed. Read More
Proparco and Société Générale Provide ~USD34m to Actis for Development of Cameroon’s Douala Grand Mall
Proparco and Société Générale have provided EUR30m (approximately USD34m) to Actis to support the development of Douala Grand Mall, an EDGE-certified shopping center in Cameroon, which will create over 4,500 jobs. Read More
Warburg-Backed ESR Announces Closing of USD1b JV with CPP Investments and APG
ESR Cayman, a Hong Kong-based logistics real estate platform backed by Warburg Pincus, has announced the closing of USD1b ESR KS II, a joint venture with Canadian Pension Plan Investment Board and Dutch pension fund APG. ESR, CPP Investments, and APG have made initial commitments of USD200m, USD450m, and USD350m, respectively, for 20%, 45%, and 35% stakes. The venture will… Read More
Public Investment Fund to Invest USD1.5b in Indian Telecom Company Jio Platforms
Saudi Arabia’s Public Investment Fund has agreed to invest USD1.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 2.32% stake, joining existing investors Facebook, KKR, General Atlantic, Vista Equity Partners, Mubadala Investment Company, ADIA, L Catterton, and TPG. Read More
A91 Partners Invests USD16.4m in Indian B2C Spice Maker Pushp
A91 Partners has invested INR1.25b (approximately USD16.4m) in India-based B2C spice brand through A91 Emerging Fund I. Read More
DEG Leads USD12m Series B for Brazilian Fintech BizCapital
DEG led a USD12m Series B for Brazil-based SME online lender BizCapital, with participation from MELI Fund and existing investors Quona Capital, Monashees, Chromo Invest, and 42k Investments. Read More
Owl Ventures Leads USD32m Investment in Indian Edtech Degreed
Owl Ventures led a USD32m investment in India-based workforce-focused edtech Degreed to support the company’s upskilling platform. Read More
KaszeK Ventures Leads USD10m Series A for Colombian Proptech La Haus
KaszeK Ventures led a USD10m Series A in Colombia-based proptech La Haus. Read More