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Magma Partners Reaches USD50m Final Close for Latin American VC Fund
Chile-based VC Magma Partners has reached a USD50m final close for its Magma Partners III Fund. The vehicle will target fintech, insurtech, and SaaS companies in Latin America. Read More
Asia Partners and Intervest Invest USD35m in Edtech Snapask
Singapore-based private equity firm Asia Partners and Korean venture capital firm Intervest have invested USD35m in Hong Kong-based edtech startup Snapask. Read More
Morgan Stanley Private Equity Asia and LGT Lightstone Aspada Invest USD22.8m in India’s Ummeed Housing Finance
Morgan Stanley Private Equity Asia and existing investor LGT Lightstone Aspada have invested a INR1.64b (approximately USD22.8) Series D for India-based loan company Ummeed Housing Finance. Read More
Warburg Pincus Invests USD150m in India’s Apollo Tyres
Warburg Pincus has agreed to invest USD150m in India-based tire maker Apollo Tyres for an undisclosed stake in the company. Read More
Goldman Sachs, Odey Asset Management, and LeapFrog Invest USD55m in African Fintech Jumo
Goldman Sachs, Odey Asset Management, and LeapFrog Investments have invested USD55m in South African fintech startup Jumo. The company serves markets in Africa and Asia. Read More
QED Reaches USD350m Final Close for QED Fund VI
QED Investors has reached a final close for its sixth fund with USD350m in commitments. The vehicle targets early- and growth-stage fintech companies in North America, South America, and the United Kingdom. Read More
Carlyle to Partially Exit India’s SBI Cards via USD1.25b IPO
The Carlyle Group will partially exit India-based credit card-issuing company SBI Cards & Payment Services via an IPO estimated at USD1.25b. Carlyle will sell just over a third of its 26% stake and is positioned to make 9.4 times in returns after only two years of investment. Read More
The Carlyle Group to Open Regional HQ in Abu Dhabi
The Carlyle Group has announced it will open its Middle Eastern regional headquarters in Abu Dhabi through a partnership with Abu Dhabi Catalyst Partners, a joint venture between Mubadala Investment Company and Falcon Edge Capital. Read More
Multiples Alternative Asset Management Exits Indian Manufacturer The Anup Engineering
Multiples Alternate Asset Management exited India-based industrial machinery manufacturer The Anup Engineering via a sale of its 2.22% stake in the company for approximately USD1.6m. Read More
Genesis Capital, and ESPIRA Investments Acquire Minority Stake in Warsaw-based Multilingual Data Processing Company SLT
Private equity investors Genesis Capital and ESPIRA investments have acquired a minority stake in Warsaw-listed data processing and management company Summa Linguae Technologies (SLT) from V4C Poland Plus Fund. V4C acquired a majority stake in the company in October 2019 and remains a partial shareholder. Read More
CDC Group Leads USD20m Series B for Indian Startup iMerit Technology Services
CDC Group led a USD20m Series B for India-based startup iMerit Technology Services. Existing investors Omidyar Network, Michael and Susan Dell Foundation, and Khosla Impact also participated in the round. Read More
Actis and Westmont Acquire Sheraton Casablanca Hotel
Actis and Westmont Hospitality Group acquired the Sheraton Casablanca Hotel in Morocco. Actis and Westmont established a joint venture in 2018 and completed their first acquisition later that year. Read More