Bain Capital has agreed to invest USD123m in South Korea-based edtech ST Unitas for an unspecified stake. The education startup, which acquired the Princeton Review in 2017, offers English test and civil service exam preparation courses. Read more… Read More
China-based Taikang Asset Management led a USD113m Series B for China-based neurology hospital chain Sanbo Brain Hospital. Chinese investment bank CEC Capital, healthcare fund Park Road Medical Investment, Broadhi Capital, Beijing Puhong Investment Fund Management, GF Investment, and Hong Ding Capital also participated in the round. Read… Read More
SummitView Capital led a USD99m Series B for China-based AI developer Enflame Technology, with participation from Tencent, SHIVC (a venture capital platform established by the Shanghai government), Oceanpine Capital, Redpoint Ventures China, and Delta Capital. Read more… Read More
Fen Ventures, Magma Partners, and Fondo Alerce have invested USD1.3m in Chile-based proptech Houm. The startup will use the investment to raise brand awareness and expand its marketplace within Chile. Read more… Read More
UAE-based global investment and financial services conglomerate Growmore Group has agreed to acquire Lithuania-based retail bank Medicinos Bankas. Read more… Read More
China-based VC Linear Capital has reached a USD110m first close for its fourth venture fund, a USD-denominated vehicle. Read more… Read More
GIC, Farallon Capital Management, and HPS Investment Partners have agreed to acquire Bain Capital’s shares in Latin America CRM and BPO company Atento in exchange for their notes. The debt-for-equity deal will give HPS a 25% stake in Atento, while GIC and Farallon will own 22% and 15%,… Read More
India- and Southeast Asia-focused private investment group Everstone Capital has fully exited Singapore-based payroll processing and human capital management firm Excelity Group to US-based NASDAQ-listed human resource management software provider Ceridian. Everstone first invested in Excelity in 2015. Details of the transaction were undisclosed. Read More
Private equity firm Vista Equity Partners has agreed to invest USD1.5b in India-based telecommunications and technology company Jio Platforms, a subsidiary of Indian conglomerate Reliance Industries, for a 2.3% stake. Facebook and Silver Lake recently invested USD5.7b and USD750m, respectively, for 9.99% and 1%… Read More
Africa-focused private credit fund manager Vantage Capital has fully exited South Africa-based optical network operator Vumatel. Vantage Capital originally provided financing to the company in 2016 and recently achieved the exit through the refinancing of Vumatel’s debt by a consortium of South African banks. Read more… Read More
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