CITIC Private Equity Funds Management, Guotai Junan International, and Wanxiang International have invested USD200m in Plus.Ai, a China-based autonomous driving technology developer and provider specialized in trucks, with follow-on from Full Truck Alliance. Read more… Read More
Coatue Management led a USD108m Series D for India-based fintech BharatPe, with follow-on from Ribbit Capital, Insight Partners, Steadview Capital, BeeNext, Amplo Opportunities, and Sequoia Capital. The latest funding round brings the company’s valuation to USD900m. Read more… Read More
Philadelphia Board of Pensions & Retirement has committed USD50m to the African Development Partners III (ADP III) fund, a pan-African, consumer-focused fund managed by Development Partners International (DPI). Read more… Read More
Advent International has sold a 6.06% stake in India-based consumer products company Crompton Greaves Consumer Electricals (CG Consumer) for INR14.9b (approximately USD204m) through an open market transaction. Read more… Read More
M+ Group, a Croatia-based business process outsourcing services provider owned by Meritus Ulaganja and backed by Mid Europa Partners, has acquired a 51% stake in Croatia-based local software company Bulb for EUR7m (approximately USD8.4m). Read more… Read More
DILA Capital has reached a USD35m first close for DILA IV, with IDB Lab as the anchor investor in the fund. The vehicle targets investments in tech-enabled companies in Latin America. Read more… Read More
Online dating giant Match Group has agreed to acquire Hyperconnect, a South Korea-based social media platform backed by Altos Ventures and SoftBank Group, for USD1.725b in cash and stock. The transaction is expected to close in Q2 2021. Read more… Read More
IDB Lab has agreed to invest in Salkantay Exponential Fund, a vehicle managed by Salkantay Ventures. The fund will focus on early-stage tech investments in Peru. Read more… Read More
Nexus Group, via its NG Capital Partners II fund, has agreed to acquire the remaining 20% stake in Peru-based lottery and sports betting company Intralot de Peru from Intralot Greece. Read more… Read More
NBK Capital Partners has reached an undisclosed first close for its latest shariah credit fund anchored by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund. The vehicle, which has an initial target of USD300m, will provide capital to mid-market companies in the Middle East. Read more… Read More
(default archive template)