Arpwood Partners, Clermont, Siguler Guff and Somerset Indus Capital agreed to acquire Sterling Hospitals, a group of India-based hospitals, for ~USD82.4m (INR6.5b). Read more… Read More
BlackPeak Capital reached a USD132.1m (EUR126m) final close for its Luxembourg-based Southeast Europe Growth Equity Fund. The vehicle will focus on growth equity SMEs in Bulgaria, Romania, Slovenia, Croatia and Serbia and is backed by the EIF, EBRD, IFC, Erste Asset Management and others. Read more… Read More
Metric Capital Partners and IMM Investment Corp led a USD180.5m round for UAE-based agribusiness Pure Harvest Smart Farms for its Asia expansion, along with participation from Olayan Group and follow-on from existing investors. Read more… Read More
Ascential agreed to acquire Intrepid, a Singapore-based e-commerce execution services platform serving brands in Southeast Asia, for an initial cash consideration of USD57m, plus deferred consideration payable over four years, contingent on meeting certain financial targets. The total consideration, including the initial consideration, is estimated between USD100m and USD197m and… Read More
National Investment and Infrastructure Fund agreed to acquire a 22.5% stake in Hindustan Ports, a subsidiary of UAE-based port operating company DP World, for~USD300m (~INR22.5b) through its vehicle NIIF Master Fund, which targets investments in ports, terminals, transportation and logistics businesses in India. Read more… Read More
Tencent and Alchimia led a USD6m Series A for Kenya-based Kukua, a children’s educational entertainment company, with participation from Auxxo and follow-on from EchoVC Partners and Firstminute Capital. Read more… Read More
Ascend Vietnam Ventures reached a USD50m final close for its debut fund AVV Alpha. The vehicle will invest in Vietnam-based early-stage startups with a focus on financial inclusion, education and future of work. Read more… Read More
SBI Investment and Trifecta Capital led a USD70m Series B for Arzooo, an India-based e-commerce platform and supply chain network, with participation from Tony Xu (Doordash) and follow-on from Celesta Capital and 3 Lines VC. Read more… Read More
British International Investment, LeapFrog Investments, Asian Development Bank and Premji Invest invested USD112m in India-based home mortgage lender Shubham Housing Development Finance. Read more… Read More
Trustar Capital (CITIC Capital Partners) led a USD15m Series B for China-based food processor Shugao with follow-on by Oriental Jiafu Asset Management and Redpoint Ventures China. Read More
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