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BlackPeak Capital Reaches ~USD132.1m Final Close for SEE Growth Equity Fund
BlackPeak Capital reached a USD132.1m (EUR126m) final close for its Luxembourg-based Southeast Europe Growth Equity Fund. The vehicle will focus on growth equity SMEs in Bulgaria, Romania, Slovenia, Croatia and Serbia and is backed by the EIF, EBRD, IFC, Erste Asset Management and others. Read More
Metric Capital Partners and IMM Investment Corp Lead USD180.5m Round for UAE’s Pure Harvest
Metric Capital Partners and IMM Investment Corp led a USD180.5m round for UAE-based agribusiness Pure Harvest Smart Farms for its Asia expansion, along with participation from Olayan Group and follow-on from existing investors. Read More
Ascential To Acquire Singapore-Based, VC-Backed Intrepid for up to USD250m
Ascential agreed to acquire Intrepid, a Singapore-based e-commerce execution services platform serving brands in Southeast Asia, for an initial cash consideration of USD57m, plus deferred consideration payable over four years, contingent on meeting certain financial targets. The total consideration, including the initial consideration, is estimated between USD100m and USD197m and is capped at USD250m. Intrepid is backed by VC fund… Read More
NIIF To Acquire 22.5% Stake in UAE’s Hindustan Ports for ~USD300m
National Investment and Infrastructure Fund agreed to acquire a 22.5% stake in Hindustan Ports, a subsidiary of UAE-based port operating company DP World, for~USD300m (~INR22.5b) through its vehicle NIIF Master Fund, which targets investments in ports, terminals, transportation and logistics businesses in India. Read More
Tencent and Alchimia Lead USD6m Series A for Kenya’s Kukua
Tencent and Alchimia led a USD6m Series A for Kenya-based Kukua, a children’s educational entertainment company, with participation from Auxxo and follow-on from EchoVC Partners and Firstminute Capital. Read More
Ascend Vietnam Ventures Reaches USD50m Final Close for Early-stage Fund
Ascend Vietnam Ventures reached a USD50m final close for its debut fund AVV Alpha. The vehicle will invest in Vietnam-based early-stage startups with a focus on financial inclusion, education and future of work. Read More
SBI Investment and Trifecta Capital Lead USD70m Series B for India’s Arzooo
SBI Investment and Trifecta Capital led a USD70m Series B for Arzooo, an India-based e-commerce platform and supply chain network, with participation from Tony Xu (Doordash) and follow-on from Celesta Capital and 3 Lines VC. Read More
British International Investment, LeapFrog Investments, Asian Development Bank and Premji Invest invest USD112m in India’s Shubham Housing Development Finance Company
British International Investment, LeapFrog Investments, Asian Development Bank and Premji Invest invested USD112m in India-based home mortgage lender Shubham Housing Development Finance. Read More
Trustar Capital Leads USD15m Series B for China’s Shugao
Trustar Capital (CITIC Capital Partners) led a USD15m Series B for China-based food processor Shugao with follow-on by Oriental Jiafu Asset Management and Redpoint Ventures China. Read More
Carlyle Group invests ~USD15.8m in Czech Republic’s Memsource
Carlyle Group invested ~USD15.8m (EUR15m) in its own Memsource, a Czech Republic-based enterprise translation services company, which it purchased in July 2020. Read More
Patamar Capital and PT Astra Digital Internasional Lead USD15m Series A for Indonesia’s Mapan
Patamar Capital and PT Astra Digital Internasional led a USD15m Series A for Mapan, an Indonesia-based group purchasing platform for low-income customers, with participation from BRI Ventures, Sinar Mas Digital Ventures, Blibli, Prasetia Dwidharma, Flourish Ventures and 500 Global. Read More
IDC Ventures Leads USD30m Series B for Mexico’s UnDosTres
IDC Ventures led a USD30m Series B for UnDosTres, a Mexico-based integrated payments platform for prepaid phone plans and utility bills, with participation from Telegraph Hill Capital, AI8 Ventures and Benber LP, and follow-on from Dalus Capital and IGNIA Partners. Read More