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Itaú Acquires 11.3% Stake in Brazil’s XP From General Atlantic, Others for ~USD1.6b
Itaú Unibanco acquired an 11.3% stake in Brazil-based brokerage XP for BRL7.9b (~USD1.6b), with the majority of shares sold by General Atlantic, which retains a 3.3% stake. Read More
Galgo Capital Acquires 40% of Peru’s Crece Capital
Galgo Capital, through its SPV Ancon SpA, acquired 40% of Peru-based financial services company Crece Capital via a secondary transaction for an undisclosed amount. Galgo is now the largest shareholder in the company. Read More
BIO’s SDG Frontier Fund Reaches ~USD38m Final Close
BIO’s SDG Frontier Fund reached a EUR36m (~USD38m) final close to support sustainable economic growth in African and Asian frontier markets. Read More
Amansa Capital, Jungle Ventures, Nexus VP Lead USD120m Series E for India’s Turtlemint
Amansa Capital, Jungle Ventures and Nexus Venture Partners led a USD120m Series E for India-based insurtech Turtlemint, with participation from Vitruvian Partners and Marshall Wace, among others. Read More
Actis To Sell India’s Sprng Energy to Shell for USD1.55b
Actis agreed to sell India-based renewable energy company Sprng Energy to Shell for USD1.55b. Read More
Fubon Life Commits USD45m to Warburg Pincus, L Catterton X Offshore and Taiwania Capital
Fubon Life Insurance, the insurance unit of Taiwan-based financial conglomerate Fubon Financial Holdings and Taiwan Life, committed USD45m to three PE funds: USD15m to Warburg Pincus Global Growth 14, USD10m to L Catterton X Offshore and USD20m to Taiwania Capital Buffalo Fund VI. Read More
AAIC Investment Reaches First Close for Africa Innovation & Healthcare Fund
Singapore-headquartered AAIC Investment reached an undisclosed first close for Africa Innovation & Healthcare Fund. The vehicle has a USD150m target and primarily invests in startups in healthcare and fintech across Africa. Read More
CDPQ To Acquire Power Transmission Portfolio in LatAm From Terna Group for ~USD279m
CDPQ agreed to acquire a portfolio of power transmission assets in Brazil, Peru and Uruguay from Terna Group for EUR265m (~USD279m). Read More
Maverick Capital Leads USD70m Series B for Hong Kong’s Coherent
Maverick Capital led a USD70m Series B for Coherent, a no-code SaaS firm founded in Hong Kong, with participation from GreatPoint Ventures and Owl Rock, and follow-on from Cathay Innovation and Franklin Templeton. Read More
VentureFriends Lead ~USD107m Round for Spotawheel
VentureFriends led a EUR100m (~USD107m) equity and debt round for Spotawheel, a Greece-based used car marketplace with operations in CEE, with participation from Adevinta Ventures, UNIQA Ventures, Rockaway Ventures, Velocity Partners, FJ Labs, Collective Spark, Endeavour Catalyst and others. The debt was provided by an unnamed UK-based credit fund alongside unnamed institutional investors. Read More
Greylock Leads USD55m Series B for Brazilian Wholesale Marketplace Inventa
Greylock led a USD55m Series B for Inventa, a Brazil-based marketplace connecting regional wholesalers with local retailers, with participation from monashees, NXTP, ONEVC, MAYA Capital, Andreessen Horowitz, Founders Fund, Tiger Global, Pear VC, Avenir Growth and A* Capital. Read More
KKR Launches Vietnam- and Taiwan-Focused Renewable Energy Platform
KKR launched Aster Renewable Energy, a Singapore-headquartered renewables platform to develop, build and operate solar, wind and energy storage projects in Taiwan and Vietnam. Read More