L Catterton Files to Raise USD200m for Latin America-Focused SPAC
L Catterton Latin American Acquisition, a blank check company formed by L Catterton, has filed with the SEC to raise up to USD200m in an initial public offering. Read more… Read More
SPE Capital Exits Morocco’s H&S Holdings Back to Belkhayat Family
SPE Capital has exited its investment in H&S Invest Holding, which operates Morocco-based logistics company Dislog Group, via a sale back to the Belkhayat family. SPE Capital originally invested USD25m in the company in 2019 through SPE AIF I. Read more… Read More
Tiger Global, Mubadala, Sequoia, Silver Lake and DisruptAD Invest USD550m Series D for Turkish Grocery Delivery Startup Getir
Tiger Global Management, Mubadala Investment Company, Sequoia Capital, Silver Lake and DisruptAD have invested a USD550m Series D for Turkish grocery delivery startup Getir at a reported USD7.5b valuation. Tiger Global and Sequoia led the company’s USD300m Series C in March 2021. Read more… Read More
KV Asia Reaches USD100m First Close for Southeast Asia PE Fund
KV Asia Capital has reached a USD100m first close for its second Southeast Asia PE fund. The vehicle has an initial target of USD300m and will primarily focus on buyouts in Southeast Asia, with an emphasis on Malaysia, Indonesia and Vietnam. Read more… Read More
SoftBank to Invest up to USD150m in Mexico’s GBM
SoftBank, through its Latin America Fund, has committed up to USD150m to Grupo Bursatil Mexicano (GBM), an investment brokerage platform in the Mexican stock market. Read More
Oceanpine Reaches ~USD312m Final Close for Hard-Tech Fund
Oceanpine Capital has reached a CNY2b (~USD312m) final close for its Hardcore Technology Investment Fund. Read more… Read More
Fortune Capital Reaches ~USD858m First Close for CNY Fund
Fortune Capital has reached a CNY5.5b (~USD858m) first close for its CNY-denominated fund targeting CNY6.8b (~USD1.1b). Fortune invests across multiple stages in both traditional and high-tech industries and the latest fund will follow the firm’s existing strategy. Read more… Read More
Multiples Exits India’s Vikram Hospital via Sale to Manipal Hospitals
Multiples Alternate Asset Management has fully exited India-based Vikram Hospitals via a sale to Manipal Hospitals for a reported INR3.5-4b (USD39-45m). Multiples originally acquired a majority stake in Vikram in 2013. Read more… Read More
CDC-Backed Gridworks, Eranove and AEE Power Holdings Invest USD100m to Develop Solar Projects in the DRC
A consortium of investors led by CDC Group-backed Gridworks Development Partners and including Eranove and AEE Power Holdings has signed a concession agreement with the government of the Democratic Republic of the Congo to build and operate three off-grid solar-hybrid electricity facilities. The investors plan an initial investment of USD100m. Read More
Sequoia China, China Merchants Health, Greenwoods & WuXi Apptec Lead USD188m Round for Chinese mRNA Specialist Stemirna
Sequoia Capital China, China Merchants Health, Greenwoods Asset Management and Wuxi AppTec led a CNY1.2b (~USD188m) round for Stemirna Therapeutics, a China-based mRNA drugs and vaccines developer, with participation from OrbiMed, Advantech Capital, China Reform Fund, CMB International, Kaili Yifang Capital Management, Forebright Capital, CTS Capital and CITIC Securities Investment. Read More
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