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.
Openspace and others invest in Fano Labs Series B
Openspace Ventures led a Series B for Fano Labs, a China-based startup leveraging AI to develop speech and natural language processing solutions, with participation from HSBC, Greater Good Investment, as well as follow-on from Horizon Ventures and Saltagen Ventures. Fano Labs will use the funding to expand into the APAC market and establish a Singapore office. Read More
Janus Henderson To Acquire Kuwait’s NBK Wealth
Janus Henderson agreed to acquire NBK Wealth, the wealth management arm of the National Bank of Kuwait Group. #MiddleEast Read More
ChrysCapital Reaches USD700m Close for Continuation Fund to Retain Stake in India’s NSE
ChrysCapital reached a USD700m close for its continuation fund to retain a stake in India’s National Stock Exchange (NSE). ChrysCapital acquired a 5% stake in the NSE in 2016 through its sixth fund. #Asi Read More
Temasek exited Medica Synergy for USD168m (Estimate) via strategic sale
Philippines’ Higala Raises Seed Round from Chemonics International and Talino Venture Studios
Higala, a Philippines-based inclusive instant payment system provider, raised a seed round from Chemonics International and Talino Venture Studios. #Asi Read More
Advent International To Invest ~USD297m in India’s Apollo Hospitals
Advent International agreed to invest INR24.75b (~USD297m) in Apollo HealthCo, a subsidiary of India-based healthcare group Apollo Hospitals. #Asi Read More
BlackRock and Temasek’s Decarbonization Partners Reaches USD1.4b Final Close for Inaugural Fund
Decarbonization Partners, a partnership between BlackRock and Temasek, reached a USD1.4b final close for its inaugural fund focused on investing in private companies that support the acceleration of decarbonization and the transition to a net-zero economy. Read More
BII and Citi Launch USD100m Risk-Sharing Facility for Africa
BII and Citi launched a USD100m risk-sharing facility focused on economically productive goods, transport, essential equipment and machinery that strengthen food security in African markets such as Benin, Cameroon, Côte d’Ivoire, Rwanda, Tanzania, Uganda and Zambia. #Afric Read More
Mediterrania Fully Exits Morocco’s TGCC
Mediterrania Capital Partners fully exited TGCC, a Morocco-based construction and civil engineering company. Read More
IFC Invests USD80m Debt and Equity in India’s Northern Arc
India-based NBFC Northern Arc raised a USD80m debt and equity round from IFC. Read More
TLCom Capital Reaches USD154m Final Close for TIDE Africa Fund II
TLCom Capital reached a USD154m final close for its second TIDE Africa Fund focused on early-stage startups across the region. Read More
Illuminate Financial Leads USD6.5m Pre-Series A for Singapore’s Accacia
Illuminate Financial led a USD6.5m pre-Series A for Accacia, a Singapore-based decarbonization platform focusing on real estate and infrastructure sectors, with participation from AC Ventures, as well as follow-on from Accel and B Capital. Read More