Sanlam has signed an agreement with African Rainbow Capital Financial Services (ARC FS) to own an approximate 25% economic interest in Sanlam’s South African third-party asset management business. The transaction is subject to regulatory approvals and will establish one of the largest black-empowered asset management companies in the… Read More
Helix Investments has partially exited India-based edtech LearningMate via a sale to SPi Global, a Philippines-based enterprise technology provider backed by Partners Group. Helix acquired a majority stake in the company in 2009 and, after the exit, will retain a minority stake in the company. SPi Global is… Read More
Matrix Partners, Sequoia India, and Hummingbird Ventures have invested a USD10m Series A for India-based fintech FPL Technologies, with participation from angel investors. Read more… Read More
Lightspeed India Partners, Blume Ventures, and growX Ventures led a USD5m seed round for India-based spacetech Pixxel, with participation from angel investors. Read more… Read More
Hillhouse Capital has agreed to invest a USD830m Series B for JD Health, the health care subsidiary of China-based e-commerce giant JD.com. Read more… Read More
Crescera Capital has agreed to invest up to BRL305m (approximately USD55.5m) in Brazil-based funeral services provider Grupo Zelo. Read more… Read More
Pátria Private Equity VI, a fund managed by Pátria Investimentos, has acquired a 20% stake in Ultra SA, a Brazil-based conglomerate operating in sectors ranging from fuel distribution and specialty chemicals production to pharmacies. Read more… Read More
GL Ventures, the VC unit of Hillhouse Capital, invested a CNY900m (USD130m) pre-series B round for Biren Technology, a Chinese artificial intelligence chip design company. Sky9 Capital, Gaorong Capital, Co-Stone Capital, and Shenzhen Haichuang Fund Management also participated, as did Jinpu Investment, a unit of government-backed Shanghai International… Read More
Multiples Alternate Asset Management has increased its 11.03% stake in India-based fashion and retail company Arvind Fashions to 11.67% through the acquisition of an additional 5.04 million shares for INR505m (approximately USD6.7m). Read more… Read More
Centurium Capital has acquired a controlling stake in China-based Beijing Jingdu Children’s Hospital for a reported USD150m. Read more… Read More
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