Ascent has reached a USD100m+ first close for Ascent Rift Valley Fund II. The vehicle has an initial target of USD120m and plans to invest in SMEs in the financial services, manufacturing, wholesale and retail trade and services, education, healthcare and agro-processing sectors in Eastern Africa. Read… Read More
A consortium comprising Baring Private Equity Asia and Alibaba has acquired a 5.5% stake in The CrownX, the retail arm of Vietnam-based conglomerate Masan Group, for USD400m. Read more… Read More
Falcon Edge Capital and Harvard Management Company led a USD120m Series E for India-based B2B industrial goods marketplace, with follow-on from Tiger Global Management, Sequoia Capital India and Venture Highway, at a reported USD1b valuation. Read more… Read More
Global Ventures led a USD8m pre-Series A for UAE-based fintech Mamo, with participation from 4DX Ventures, AlRajhi Partners, Olive Tree Capital and others. Read more… Read More
KKR has agreed to invest USD95m in India-based eyewear retailer Lenskart through a secondary stake acquisition, facilitating a partial exit for TPG Growth and TR Capital. Read more… Read More
Siguler Guff has reached a USD240m final close for GEMCo, its direct investment emerging markets fund with a primary focus on China, India and Southeast Asia. The fund invests across high-growth, expansion-stage businesses and has already made a number of investments in the e-commerce, internet marketplaces, organized retail,… Read More
Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management have invested a USD285m round for India-based payment solutions provider Pine Labs, with follow-on from Temasek, Lone Pine Capital and Sunley House Capital, at a reported USD3b valuation. Read more… Read More
SoftBank Vision Fund 2 led a SGD477m (~USD360m) Series C for Carro, a Singapore-based auto resale marketplace, with participation from EV Growth and other Indonesia-based funds. Read more… Read More
A consortium led by BTG Pactual’s Timberland Investment Group along with British Columbia Investment Management Corporation and APG has agreed to acquire Arauco’s Chilean timberland assets in Chile for USD385.5m. Read more… Read More
monashees, KASZEK, Tiger Global Management and Saint-Gobain have exited Brazilian local service marketplace GetNinjas through the company’s BRL500m (~USD105m) IPO on the B3. Read more… Read More
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