Leap Ventures has exited Lebanon-based tech-enabled drone inspection management company NAR Technologies via a sale to US-based B3bar. Read more… Read More
US-based financial software company Intuit has agreed to acquire TradeGecko, a Singapore-based inventory management software platform, for a reported USD80m. The transaction has facilitated an exit for existing shareholders Openspace Partners, Wavemaker Partners, Golden Gate Ventures, and Jungle Ventures. Read more… Read More
South Korea-based PE firm STIC Investments has invested USD200m in Grab, a Singapore-based ride-hailing transport services company reportedly valued at USD14.3b and backed by SoftBank. Read more… Read More
The New York State Common Retirement Fund has committed USD300m to KKR Asia Fund IV. The vehicle, which targets USD12.5b, will make pan-Asia investments with a focus on control buyout transactions. The fund has reportedly raised USD11b to date. Read more… Read More
Acumen LatAm Impact Ventures (ALIVE, previously Acumen LatAm Capital Partners) has reached a USD28m final close for Acumen Latin America Early Growth Fund. The vehicle will invest in innovative, impact-driven early-growth companies in Colombia and Peru. Read more… Read More
I&M Holdings has agreed to acquire a 90% stake in Uganda-based Orient Bank, providing an exit for shareholders including 8 Miles who first invested in the bank in 2015 and held a 42% interest. The transaction is subject to regulatory approvals. Read more… Read More
Enterprise Investors (EI) has sold Poland-based Skoczykłody wind farm to PGE Energia Odnawialna for EUR50m (approximately USD59m). The wind farm was developed by EI’s portfolio company Wento. Read more… Read More
Tata Capital Growth Fund has agreed to invest INR2.25b (approximately USD30m) in India-based biopharmaceuticals company Biocon Biologics for a 0.85% stake in a deal that reportedly values the business at USD3.5b. Read more… Read More
Warburg Pincus has divested a 2.2% stake in India-based AU Small Finance Bank for INR5.17b (approximately USD69m) through an open market transaction. Buyers include Abu Dhabi Investment Authority, Reliance Mutual Fund, Morgan Stanley Asia Singapore, and Westbridge AIF I. Warburg retains a ~4.5% stake in the bank. Read More
Navis Capital Partners has acquired Cambodia-based CIA First International School for an undisclosed amount. Read more… Read More
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