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IFC to Commit up to USD20m to SPE AIF I
IFC has agreed to invest up to USD20m in SPE AIF I, a fund managed by Africa- and Middle East-focused private equity firm SPE Capital Partners. The fund targets investments in Egypt, Morocco, and Tunisia. Read More
Gaja Capital Invests USD26.7m in Indian Fintech Navi Technologies
India-focused growth capital fund manager Gaja Capital has invested USD26.7m in India-based fintech Navi Technologies. The company was co-founded by Flipkart co-founder and former CEO Sachin Bansal. Read More
Investcorp Asia Food Growth Fund Reaches USD275m First Close
Investcorp has reached a USD275m first close for its Asia Food Growth Fund. Read More
VIG Partners to Acquire South Korea’s Funeral Service Provider Preedlife
Korea-focused private equity fund manager VIG Partners has agreed to acquire a controlling stake in South Korea-based funeral service provider Preedlife. The deal is expected to close during the third quarter of 2020, the details of the transaction were undisclosed. Read More
Microsoft’s M12 Leads USD24.5 Series D for India’s FarEye, Honeywell Venture Capital, Eight Roads Ventures, and SAIF Partners Join
Microsoft’s corporate venture fund M12 led a USD24.5m Series D for India-based logistics management startup FarEye, with participation from Honeywell Venture Capital, Eight Roads Ventures, and SAIF Partners. M12 invested USD10m, Honeywell and Eight Roads invested USD5m each, and SAIF Partners committed USD4.5m. Read More
Hummingbird Ventures and Bedrock Capital Invest USD2m in Indian Digital Banking Startup Jupiter
Venture capital firms Hummingbird Ventures and Bedrock Capital have invested USD2m in India-based digital banking startup Jupiter. The startup previously raised USD24m in seed funding from Sequoia Capital, 3one4 Capital, Matrix Partners, and Beenext. Read More
SPE Capital and Proparco Acquire Morocco’s Pharmaceutical Company Saham Pharma
Africa- and Middle East-focused private equity firm SPE Capital Partners has acquired Morocco-based antibiotics manufacturer and hospital provider Saham Pharma through SPE AIF I. Development finance institution Proparco joined as a minority investor. Read More
Alibaba, Mirae Asset Management, and CDC Invest USD60m in Indian Grocery Delivery Startup BigBasket
Alibaba and existing investors CDC Group and Mirae Asset Management have invested USD60m in a bridge round for India-based online grocery delivery startup BigBasket. Read More
China’s Huagai Capital Reaches USD434m Final Close for Third Health Care Fund
Chinese health care-focused private equity firm Huagai Capital has reached a USD434m final close for its third health care fund targeting investment opportunities in the biopharmaceutical, medical equipment, and health care service fields. Read More
CDH Reaches USD1.1b Final Close for China Mezzanine Fund V
China-focused private equity firm CDH Investments has reached a USD1.1b final close for its fifth China mezzanine fund. The vehicle will focus on real estate, special opportunities, and M&A. Read More
Gateway Partners Acquires 40% Stake in Tim Horton’s Gulf Franchise for USD50m
Dubai-based private equity firm Gateway Partners has acquired a 40% stake in the Gulf franchise of coffee and breakfast chain Tim Hortons through its Gateway Fund I. Gateway Partners reportedly paid USD50m for the holding. Read More
Legend Capital Leads USD13m Series C1 for Indian Edtech Vedantu with Participation from Omidyar Network
Legend Capital, an independent venture capital unit of China-based conglomerate Legend Holdings, led a USD13m Series C1 for India-based interactive online tutoring platform Vedantu, with participation from global impact investor Omidyar Network. Vedantu previously raised USD66m from Tiger Global and GGV Capital. Read More