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BBVA Acquires 36.12% Stake in Turkey’s Garanti for USD1.4b
BBVA acquired an additional 36.12% stake in Turkey-based bank Garanti for USD1.43b, bringing its stake to 85.97%. Read More
PIF Acquires 16.87% in Saudi Arabia’s Kingdom Holding for USD1.5b
The Public Investment Fund acquired a 16.87% stake in Kingdom Holding, the Saudi Arabia-based investment company controlled by Prince Alwaleed bin Talal, in a deal valued at USD1.5b. Read More
monashees, SoftBank, Tiger and Foundation Capital Invest USD150m Series C for Mexico’s Nowports
Mexico-based digital freight forwarder Nowports raised a USD150m Series C at a USD1.1b reported valuation from existing investors monashees, SoftBank Latin America Fund, Tiger Global and Foundation Capital. Read More
INCE Capital Leads USD30m Series A for China’s PhiGent Robotics
INCE Capital led a USD30m Series A for China-based autonomous driving solutions provider PhiGent Robotics, with follow-on from Atypical Ventures, 5Y Capital and GSR Ventures. Read More
BlueRun Ventures Reaches Combined ~USD819m Final Close Across Two Funds
China-based, early-stage VC BlueRun Ventures reached a combined CNY5.5b (~USD819m) final close for its third USD-denominated China fund and its third CNY-denominated fund. Read More
L Catterton To Invest in Mexico’s Crediclub
L Catterton Latin America agreed to acquire a significant minority stake in Mexico-based non-bank financial institution Crediclub. Read More
Coatue and Insight Partners Lead USD300m Series D for Indonesia’s Xendit
Coatue and Insight Partners led a USD300m Series D for Xendit, an Indonesia-based payments infrastructure provider for businesses, with participation from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo and Goat Capital. Read More
Alpha Dhabi Commits USD2.5b to Alpha Wave Ventures II
Abu Dhabi-listed Alpha Dhabi Holding committed USD2.5b to Alpha Wave Ventures II, a venture fund launched by Chimera Capital and Alpha Wave. The vehicle will invest in high growth, tech-enabled and tech-driven companies across AI, fintech, life sciences, consumer internet and B2B globally. Read More
500 Istanbul Invests in Turkey’s Freeflow
500 Istanbul made an undisclosed investment in Freeflow, a Turkey-based company helping crypto projects connect with blockchain developers. Read More
Cherry Ventures and Shorooq Partners Lead a USD12m Seed Round for UAE’s Pemo
Cherry Ventures and Shorooq Partners led a USD12m seed round for UAE-based fintech Pemo, with participation from FinTech Collective, Speedinvest, BY Venture Partners, Antler and angels. Read More
General Atlantic Acquires Stake in Brazil’s Locaweb
General Atlantic acquired a stake in Brazil-based web services hosting platform Locaweb via a block trade for an undisclosed amount. Read More
SPE Capital To Acquire Morocco’s Outsourcia for USD33m; AfricInvest Exits
SPE Capital, through its SPE AIF I fund, agreed to acquire Outsourcia, a Morocco-based customer experience and business process outsourcing provider, for USD33m, facilitating an exit for AfricInvest. Read More