Blackstone agreed to acquire a 52% stake in India-listed IT services company R Systems from company management. The agreement triggered an offer to delist the company for a total transaction value of up to USD359m. Read more… Read More
Silkhaus, a UAE-based short-term property rental app, raised a USD7.8m seed round from Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital, VentureSouq and others. Read more… Read More
EQI reached a BRL50m (~USD9m) final close for Forêt Fund, a vehicle focused on acquiring protected land, generating environmental conservation certificates and selling them to local agribusinesses. Read more… Read More
Valar Ventures led a USD20m Series A for baraka, a UAE-based stock trading app for retail investors, with participation from Knollwood. Read more… Read More
Kasco, a China-based air suspension system manufacturer for passenger vehicles, raised a CNY510m (~USD72m) Series B led by China Venture Capital, Source Code Capital and Shenzhen Capital Group, with participation from Yonghua Capital, Huoyan Capital, Shanshan Venture Capital and Dening Capital. Read more… Read More
Better Tomorrow Ventures and Metaprop led a USD7.5m round for Yave, a Mexico-based embedded mortgage lender, with participation from DILA Capital, Wollef, Goodwater Capital, Magma Partners, Activant, Moore Capital, Fintech Fund, Cross River Capital and Vinte. Read more… Read More
Temasek and Kaitai Capital led a USD35m pre-Series B2 for Lupeng Pharmaceutical, a China-based clinical-stage drug developer for cancer treatment, with follow-on from Lilly Asia Ventures, Fontus Capital and Lake Bleu Capital. Read more… Read More
Lentra, an India-based embedded finance platform, raised a USD60m Series B led by Bessemer Venture Partners and SIG, with participation from Citi Ventures. Read more… Read More
Alcazar Energy Partners II, a fund focused on utility-scale renewable energy projects in emerging markets, reached a USD337m first close. The vehicle, which has a USD500m final target, received commitments from EBRD, EIB, Allianz Global Investors, IFC, AIIB, DEG, Proparco and FMO. Read more… Read More
Glenwood Private Equity agreed to invest KRW680b (~USD514m) to acquire a minority stake in Hanwha Advanced Materials, a South Korea-based manufacturer of lightweight composite materials, from its South Korea-listed parent company Hanwha Solutions. Read more… Read More
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