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Adenia Partners Exits Mauritian Paint Manufacturer Mauvilac via Sale to AkzoNobel
Africa-focused private equity fund manager Adenia Partners has completed the sale of its 95% stake in Mauritian paint and coatings manufacturer Mauvilac to paint manufacturer AkzoNobel. Read More
Hillhouse Leads USD1b Series F for Chinese Edtech Yuanfudao
China-focused private equity fund manager Hillhouse Capital led a USD1b Series F for Chinese edtech Yuanfudao, with participation from Boyu Capital as well as existing investors Tencent and IDG Capital. The funding increases Yuanfudao’s reported valuation to USD7.8b. Read More
NextEnergy Acquires Solar Plant in Mexico
Solar sector specialist asset manager NextEnergy Capital has acquired the first phase of a 108MW solar project in Mexico through NextPower III. This transaction is NextEnergy’s first acquisition in Mexico. Read More
Alta Growth Capital Sells Stakes in Three Mexican Hospitals to RAG Capital Partners for USD6.2m
Mexico-focused private equity fund manager Alta Growth Capital has sold 50% of its interest in three Mexican hospitals to RAG Capital Partners for MXN150m (USD6.2m). Read More
Steadview Capital Invests USD13.5m in India’s Online Marketplace Nykaa
India-focused alternative asset manager Steadview Capital Management has invested INR1b (approximately USD13.5m) in India-based online beauty marketplace and retailer Nykaa. Read More
Vostok Emerging Finance Leads USD21.6m Series B for Indian Payment Company Juspay with Participation from Wellington Management and Accel
Swedish fintech investment firm Vostok Emerging Finance led a USD21.6m Series B for India-based payment technology platform Juspay. Vostok Emerging Finance invested USD13m, Wellington Management and Accel Partners also participated in the round. Read More
Square Peg, EDBI, and IHH Healthcare Lead USD27m Series B for Singapore’s Healthtech Doctor Anywhere
Asia-focused venture capital fund manager Square Peg, Singapore-based global investor EDBI, and international health care provider IHH Healthcare led a USD27m Series B for Singapore-based healthtech Doctor Anywhere. Temasek subsidiary Pavilion Capital and existing investor Kamet Capital also participated in the round. Read More
Baring Vostok, Sistema VC, and Princeville Capital Invest USD150m in Russian E-Commerce Platform Ozon
Russia and CIS-focused private equity fund manager Baring Vostok Capital Partners, the corporate venture arm of Russian financial corporation JFSC Sistema (Sistema VC), and US-based technology investor Princeville Capital have invested USD150m in Russia-based e-commerce platform Ozon via a convertible loan. Read More
Hillhouse, Boyu, and Tencent Invest USD1.1b in Chinese E-Commerce Company Pinduoduo
Hillhouse Capital, Boyu Capital, Tencent Holdings, and other long–term investors have invested USD1.1b in China-based e-commerce firm Pinduoduo via a private share placement. Read More
FMO Commits USD25m to DPI’s African Development Partners III
Dutch development finance institution FMO has invested USD25m in DPI’s African Development Partners III, a pan-African fund targeting established and growing consumer-focused companies. FMO previously invested in DPI’s first fund. Read More
Latin Leap Invests Undisclosed Amount in Singapore’s DiMuto
Latin America-focused VC studio Latin Leap has invested an undisclosed amount in Singapore-based agrifood trade tech solutions platform DiMuto. Current investors include First Alverstone Capital, SGInnovate, and PwC Singapore. Read More
Sarmayacar, Kingsway Capital, and Mentors Fund Invest in Pakistani Online Pharmacy Dawaai
Pakistan-focused venture capital firm Sarmayacar, UK-based investment firm Kingsway Capital, and US-based Mentors Fund have invested an undisclosed amount in Pakistani online pharmacy Dawaai. Read More