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Blue Like an Orange Sustainable Capital Reaches USD200m+ Final Close for Latin America Fund I
Blue Like an Orange Sustainable Capital has reached a USD200m+ final close for its first Latin America fund. The fund has a co-financing agreement with IDB Invest and counts over 25 limited partners, including AXA, HSBC, CNP Assurances, BNP Paribas Cardif, SG Insurance, MACSF, and several family offices. Read More
Sequoia India and Hana Ventures Lead USD26m Series A for Singaporean Micro-mobility Startup Beam
Sequoia Capital India and Hana Ventures led a USD26m Series A for Beam, a Singapore-based micro-mobility startup that operates e-scooters. Read More
Hillhouse Leads USD160m Series B for Chinese Biopharma Genor
Hillhouse Capital led a USD160m Series B for China-based biopharmaceutical company Genor Biopharma, with participation from Temasek Holdings, Haitong Capital, Cavenham PE, and CR-CP Life Science Fund, a joint venture between China Resources Group and Thailand’s Charoen Pokphand Group. Read More
Indus Valley Capital Leads USD1.3m Pre-Seed Round for Pakistani E-Commerce Marketplace Bazaar Technologies
Pakistani VC firm Indus Valley Capital led a USD1.3m pre-seed round for Pakistan-based e-commerce marketplace Bazaar Technologies, with participation from Alter Global and angel investors. Reportedly, the deal was closed entirely on Zoom. Read More
Earlybird Exits Turkish Mobile Game Maker Peak Games to Zynga for USD520m
Europe-focused VC firm Earlybird Venture Capital has exited Peak Games to US-based social gaming company Zynga for USD520m, as part of a USD1.8b sale. Other exiting shareholders include Hummingbird Ventures, Endeavor Global, and Peak Games CEO and Founder Sidar Sahin. The deal, comprising USD900m in cash and USD900m in Zynga shares, is expected to close in the third quarter of… Read More
Carlyle’s Africa Team Spins out to Form Alterra Partners
The Carlyle Group is spinning out its Africa-focused senior executive team to set up Alterra Partners, an independent buyout firm. Alterra will manage Carlyle’s USD698m Sub-Saharan Africa fund as a sub-advisor and will continue to invest with Carlyle’s international energy fund on the continent. Carlyle will hold no stake in Alterra, but it will provide deal referrals, advice, and take… Read More
XP Invests USD37.5m in Brazilian Eye Hospital Centro Brasileiro da Visão
XP Investmentos has acquired a controlling stake in Brazil-based eye hospital Centro Brasileiro da Visão for BRL200m (approximately USD37.5m) through XP Private Equity I Fundo de Investimento em Participações Multiestratégia. This marks the first investment for the recently launched fund. Read More
IG4 Capital Acquires Two Hospitals in Brazil for USD37m
IG4 Capital has acquired two Brazilian hospitals through its recently formed OPY Health unit for BRL200m (approximately USD37m). IG4 plans on expanding the number of beds in both hospitals. Read More
SoftBank Leads USD500m Investment in Didi Chuxing’s Autonomous Driving Unit
SoftBank’s Vision Fund II led a USD500m investment in ride-hailing company Didi Chuxing’s autonomous driving unit. Read More
DOMO Invest Leads USD2.25m Investment in Brazilian Fintech Meu Tudo
VC firm DOMO Invest led a BRL12m (approximately USD2.25m) investment for Brazil-based fintech Meu Tudo, a marketplace for lending applications offering services and products via payroll loans and banks. Read More
KaszeK Ventures and Founders Fund Invest USD10m in Mexico- and Colombia-Focused Fintech Belvo
VCs KaszeK Ventures and Founders Fund have invested USD10m in Belvo, a Spain-based fintech operating in Mexico and Colombia. Read More
Horizon Capital Acquires Minority Stake in Ukranian Online Cosmetics Retailer MAKEUP
Horizon Capital, a private equity fund manager focused on investments in mid-cap companies in Ukraine and the neighboring region, has acquired a significant minority stake in Ukraine-based online cosmetics and beauty products retailer MAKEUP Group via its Emerging Europe Growth Fund III. Read More