Orchid Asia has invested a USD120m Series E for Snowball, a China-based financial information services provider focused on cross-border investments. Read more… Read More
Fatima Gobi Ventures has reached a USD14m first close for Techxila Fund I, its debut vehicle targeting seed and Series A investments in technology-enabled businesses in Pakistan. Read more… Read More
Everstone Capital has successfully exited part of its stake in Burger King India via the company’s INR8.1b (approximately USD109m) IPO. In addition to the 60 million shares sold by Everstone during the IPO, the PE firm also sold shares in off-market deals in the days leading up to… Read More
The Japan Bank for International Cooperation (JBIC) and the U.S. International Development Finance Corporation (DFC) have committed to investing USD6b to Indonesia’s new sovereign wealth fund. JBIC has committed to investing USD4b, while DFC has signed a letter of intent to invest USD2b in the fund. Read… Read More
PayU led a USD7m Series B extension for India-based wealth management startup Fisdom, with follow-on from Quona Capital and Saama Capital. Read more… Read More
monashees led a BRL28m (approximately USD5m) Series A for Brazil-based coffee chain The Coffee, with participation from Norte Ventures and Shift Capital. Read more… Read More
I Squared Capital-backed Cube Highways and Infrastructure has agreed to acquire the Chenani Nashri Tunnelway in India from Infrastructure Leasing & Financial Services (IL&FS) for INR39b (approximately USD598m). Read more… Read More
CICC Capital, Haitong Innovation, Rosefinch Investments, Matrix Partners China, Shenzhen Capital Group, Estar Capital, Shanda Capital, CAS Star, and startup iFlytek invested a CNY2.46b (approximately USD376m) pre-IPO round for China-based commercial satellite developer Chang Guang Satellite Technology. Existing backers Jilin Province Guidance Fund and Chenrui Tech re-upped. Read More
3W Fund Management led a USD43m Series E for China-based drug developer CANbridge Pharmaceuticals, with participation from Casdin Capital, Summer Capital, SPDBI, and Yaly Capital, and follow-on from Hudson Bay Capital, RA Capital, Lyfe Capital, and Tigermed. Read more… Read More
Bain Capital has sold 54m shares in Brazilian medical conglomerate Notre Dame Intermedica for BRL3.75b (approximately USD709m) in a secondary offering. Read more… Read More
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