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Kedaara Partially Exits Indian Mortgage Lender Aavas Financiers for USD93m
India-focused private equity fund manager Kedaara Capital has partially exited housing finance company Aavas Financiers via a sale of 3.6m shares for a total of USD93m, with a reported IRR of 83-85%. Read more» Read More
Brookfield Infrastructure Fund IV Reaches USD20b Final Close
Brookfield Asset Management has reached a USD20b final close for its fourth infrastructure fund, exceeding its USD17b target and making it Brookfield’s largest fund to date. Approximately 75% of the third-party capital came from existing Brookfield investors. Brookfield committed USD5b to the fund. Read more» Read More
Lightbox Leads USD32m Series C in Indian Agtech Waycool; LGT Lightstone Aspada, FMO, InnoVen Capital Join
VC firm Lightbox Ventures led a USD32m Series C in Indian agtech startup WayCool Foods with participation from existing investors FMO and LGT Lightstone Aspada. InnoVen Capital contributed venture debt as a part of the round. Read more» Read More
Pakistan’s Indus Valley Capital Reaches USD15m First Close
Newly established VC firm Indus Valley Capital has reached a USD15m first close of its debut fund targeting early-stage tech opportunities in Pakistan. Investors include Pakistani software company Arbisoft, Pakistani tech solutions firm VentureDive, and international angel investors. Read more» Read More
SoftBank Vision Fund to Invest up to USD400m in India’s FirstCry
The SoftBank Vision Fund invested USD300m in India-based baby product retailer FirstCry. SoftBank has plans to commit a second tranche worth an additional USD100m in January 2021. According to Entrackr, the company is estimated to be valued at USD1.2b, making it the latest unicorn out of India. Read more» Read More
e.bricks Ventures Reaches USD100m First Close for Third Fund; Announces Investments in Brazilian Startups Avenue and bro.
e.bricks Ventures reached a first close of its USD100m of Fund III to target Brazilian startups. Following the intial close, e.bricks completed investments in Avenue, a Brazilian broker that brings investment alternatives and digital accounts in the US to Latin American clients, and bro., a digital platform for consórcio (a pre-purchase financing pool typically used for auto and real purchases… Read More
CDPQ & Piramal Partner Launch USD300m Private Credit Platform for India
Caisse de dépôt et placement du Québec (CDPQ) and Piramal Asset Management launched a USD300m platform to target private credit financing opportunities in India across manufacturing, consumer, industrial, healthcare, pharmaceuticals, logistics, and other sectors. CDPQ is contributing 75% of the investment and Piramal will commit the remaining 25%. Read more» Read More
Hahn & Co Acquires Biofuels Division of South Korea’s SK Chemicals for USD322m
Private equity firm Hahn & Company has agreed to buy the biofuels division of South Korea-based SK Chemicals for KRW382.5b (USD322m). It is the private equity firm’s fourth carve-out of an SK Group-owned business. Read more» Read More
FCJ Venture Builder Leads Series A for Panamanian Logistics Startup Boxit
VC firm FCJ Venture Builder made an undisclosed Series A investment in Boxit, a Panamanian logistics startup using “smart lockers” for e-commerce deliveries. Read more» Read More
Hillhouse-backed Bull Group Raises USD511m in Shanghai IPO
Hillhouse-backed electrical product manufacturer Bull Group has raised USD511m in an IPO on the Shanghai Stock Exchange. Read more» Read More
Northstar Group Leads USD20m Series A in Indonesian Edtech Zenius
Southeast Asia-focused fund manager Northstar Group led a USD20m Series A in Jakarta-based edtech platform Zenius Education. VC firms Kinesys Group and BeeNext also participated in the round. Read more» Read More
Bertelsmann Investments, Source Code Capital, and Vision Plus Capital Invest USD10m in Mexico Fintech Stori
Bertelsmann Investments and Source Code Capital led a USD10m Series A in Stori, a Mexican digital bank, with follow-on from Vision Plus Capital. Read more» Read More