A consortium led by CITIC Capital and Caixin Global has agreed to fully exit its investment in ISI Emerging Markets Group, a market intelligence provider originally founded in Hong Kong, via a sale to Montagu. The transaction is expected to close by year-end. Read more… Read More
Aqua Capital has agreed to acquire Verde Agrícola, a Brazil-based reseller of spare parts for agricultural machinery, for an undisclosed amount. Read more… Read More
TA Associates has agreed to acquire a 60% stake in India-based OmniActive Health Technologies for USD150m, facilitating an exit for Everstone Capital and several HNIs. Everstone held a 35% stake in the company. Read more… Read More
Investcorp has acquired a majority stake in Singapore-based instant cereal and beverage company Viz Branz from the company’s CEO, Mr. Ben Chng. Read more… Read More
FMO and Ezdehar have agreed to jointly acquire a 25% stake in Egypt-based solvent and water-based resin manufacturer Eagle Chemicals Group from 8 Miles for an estimated USD15m each. Read more… Read More
Novastar Ventures led a USD2m seed round for Turaco, a Kenya-based insurtech with operations in Kenya and Uganda, with participation from Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr Acorn, and follow-on from angel investors. Read more… Read More
CDC Group and Development Partners International have partnered to form Zanzibar Pharma, a pharmaceuticals platform through which they have agreed to acquire Celon Laboratories, an India-based drugmaker backed by Sequoia Capital, for USD75m. Read more… Read More
Five Capital Partners, Itochu, and Suez have acquired a 65% stake in Saudi Arabia-based hazardous waste management company Environment Development Company (EDCO) for an undisclosed amount. Read more… Read More
GIC led a USD200m Series D2 for China-based edtech Aixuexi Education Group, bringing the total capital raised by the company through its Series D to over USD300m. Warburg Pincus and Tencent contributed to the Series D in 2019. Read more… Read More
IDG Capital led a USD80m Series B for China-based biotech firm PTM Biolabs, with participation from Fortune Capital, Highlight Capital, and SDIC Venture Capital. Read more… Read More
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