Carlyle Acquires 10% Stake in South Korea’s Hyundai Clovis for ~USD510m
The Carlyle Group acquired a 10% stake in South Korea-based Hyundai Glovis, the logistics arm of Hyundai Motor Group, for ~USD510m. Read more… Read More
IGM Financial To Acquire 13.9% Stake in China Asset Management for ~USD900m
IGM Financial subsidiary Mackenzie Financial Corporation agreed to acquire a 13.9% stake in China Asset Management from Power Corporation of Canada for ~USD900m. Read more… Read More
Impact46-Backed Jahez Lists on Nomu
Jahez, a Saudi Arabia-based online food delivery platform backed by Impact46, listed on the Saudi Exchange’s Parallel Market (Nomu) with a market capitalization of USD2.4b. Read more… Read More
Insignia Leads USD20m Series B for Indonesia’s Brankas
Insignia Ventures Partners led a USD20m Series B for Brankas, an Indonesia-based provider of banking services, with participation from Visa, Beenext, Integra Partners and others. Read more… Read More
Jam Fund, Novastart, Northstar, Others Invest USD30m for Ghana’s mPharma
mPharma, a Ghana-based health services and analytics platform, raised a USD30m round from JAM Fund, Unbound, Lux Capital, Novastar, Social Capital, Northstar and TO Ventures. Citigroup provided an additional USD5m in debt funding. Read more… Read More
Vision Plus Capital Reaches ~USD315m Final Close for Third CNY Fund
Vision Plus Capital reached a ~USD315m final close for its third CNY-denominated fund focused on enterprise, health, consumer and advanced tech. New investors include China SME Development Fund, Hangzhou Hi-Tech Investment, Hangzhou Capital and Yuhang Financial Holdings. Read more… Read More
Amethis Exits Mauritius’ Velogic via IPO
Amethis exited its 33.77% stake in Mauritius-based logistics company Velogic via the company’s IPO on the Mauritius Stock Exchange. Amethis sold 31.58 million shares for MUR790m (~USD18m). Read more… Read More
Tiger Global Leads USD34m Series B+ for Bangladesh’s ShopUp
Tiger Global led a USD34m Series B+ for ShopUp, a Bangladesh-based B2B commerce platform for MSMEs, with participation from Valar Ventures, VEON Ventures, Omidyar, Prosus Ventures, Flourish Ventures and Lonsdale Capital. The extension takes ShopUp’s Series B to USD109m. Read more… Read More
NYSCRF Commits USD190m to New York Co-Investment Pool Asia Investor IV
The New York State Common Retirement Fund committed USD190m to New York Co-Investment Pool Asia Investors IV, a co-investment vehicle managed by Asia Alternatives. Read more… Read More
Benson Oak Ventures Leads USD1.5m Pre-Series A for UAE’s Verofax
Benson Oak Ventures led a USD1.5m pre-Series A for Verofax, a UAE-based Asset Digitization and Traceability solutions provider, with participation from 500 Global, Wami Capital, and Vernalis Capital. Read more… Read More
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