GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Indonesia’s Ride-Sharing Company Gojek Secures USD1.2b Series F from Undisclosed Investors
Indonesia-based ride-hailing company Gojek has secured USD1.2b for its Series F, closing the funding round with just under USD3b in capital commitments. No investor names have been disclosed. Read More
Blackstone Increases Stake in India’s Mphasis
The Blackstone Group has increased its stake in Indian software services firm Mphasis from 52.2% to 56% via the purchase of an additional 6.97m shares. Blackstone originally invested in Mphasis in 2016. Read More
LGT Lightstone Aspada Leads USD7m Investment in Indian Microlender SmartCoin
LGT Lightstone Aspada, the India-focused impact investment arm of LGT Lightstone, led a USD7m investment in India-based microlender SmartCoin. Existing investors Unicorn India Ventures and Accion Venture Lab also participated in the round. Read More
Softbank Vision Fund, RA Hospitality Invest USD806m in India’s Oyo
The SoftBank Vision Fund and RA Hospitality Holdings have invested USD806m in Oravel Stays’ online hospitality firm Oyo. The investment is part of a USD1.5b capital raise. Read More
CPPIB and Brazil’s Votorantim Energia to Acquire 14 Wind Projects in Brazil
VTRM Energia, a joint venture between Votorantim Energia and The Canada Pension Plan Investment Board (CPPIB), has received authorization to acquire 14 wind projects in Brazil. Read More
AfDB’s Facility for Energy Inclusion Reaches USD160m First Close
The African Development Bank’s Facility for Energy Inclusion fund has reached a USD160m first close. The African Development Bank provided USD90m, the European Commission and the German Development Bank KfW each committed USD25m, while Norfund invested USD23m. The fund, targeting USD400m, aims to improve energy access across Africa through small-scale renewable energy and mini-grid projects. Read More
1K1V Partially Exits SanLei, Mergence Investment Managers Acquires Significant Minority Stake
Private investment fund manager One Thousand & One Voices (1K1V) has announced a recapitalization of Lesotho-based aquaculture company SanLei. As part of the transaction, Mergence Investment Managers has acquired a significant minority stake in the company on behalf of its Lesotho pension fund client. Read More
CDH Reaches USD1.5b Final Close for Fund VI
China-focused private equity firm CDH Investments has reached a final close for its CDH Fund VI with USD1.5b in commitments. Read More
Warburg Pincus Invests USD63.5m in Brazilian IT Superlógica
Warburg Pincus has invested BRL300m (approximately USD63.5m) in Superlógica, a Brazil-based IT company with a focus on real estate and financial services. Read More
Barn Investments Makes Undisclosed Investment in Brazil’s Smilink
Barn Investments has made an undisclosed investment in Smilink, a Brazilian orthodontics startup. Read More
Sequoia India, Y Combinator, Venture Highway, Global Founders Capital Invest USD4.7m in Teen-Focused Payments Startup Fampay
Sequoia India, Y Combinator, Venture Highway, and Global Founders Capital have invested USD4.7m in seed funding for India-based teen-focused payments platform Fampay Solutions. Read More
Mediterra Capital Exits Turkey’s Mobiliz via Sale to Fleet Services
Turkey-focused private equity fund manager Mediterra Capital Partners has exited its stake in Turkish IT company Mobiliz via a sale of its shares to Balkan GPS tracking and fleet management operator Fleet Services. Read More