Warburg Pincus has partially exited its 55.1% stake in Brazil-based pet products retailer Petz via the company’s BRL3b (approximately USD563m) IPO. Warburg originally invested in the company in 2013 and will now retain a 5% stake. Read more… Read More
Vertex China, a VC affiliated to Temasek-owned Vertex Holdings, has reached a USD438m final close for its first RMB-denominated fund. The vehicle will target investments in deep tech, digital economy, and biomedicine in China. Read more… Read More
Silver Lake has invested INR75b (approximately USD1.02b) in Reliance Retail Ventures, the retail unit of Indian conglomerate Reliance Industries, for a 1.75% stake. Read more… Read More
General Atlantic, Abu Dhabi Investment Authority, Mubadala Investment Company, TPG, GIC, and Silver Lake’s co-investors have invested a combined USD3.4b in Reliance Retail Ventures, the retail unit of Indian conglomerate Reliance Industries, for a cumulative 5.65% stake in the company. Read more here and here … Read More
China Renaissance led a USD300m investment for China-based liquor distiller Chongqing Jiangxiaobai Liquor Co., with participation from Baillie Gifford & Co. and China Merchants Bank International Capital Corp. Read more… Read More
Silver Lake has invested USD500m in the ongoing Series F for India-based edtech Byju’s, with participation from existing investors General Atlantic, Tiger Global, and Owl Ventures. This is the fifth tranche of Byju’s ongoing Series F. Read more… Read More
Helios Investment Partners led a USD60m Series B for Thunes, a Singapore-based fintech which operates a global B2B cross-border payments network, with participation from existing investors GGV Capital and Future Shape, and Checkout.com. Read more… Read More
Affinity Equity Partners and Baring Private Equity Asia have invested a combined USD966m in South Korea-based financial services group Shinhan Financial. Read more… Read More
Baring India Private Equity Fund III has sold a 7.36% stake in India-based active pharmaceutical ingredients manufacturer Shilpa Medicare for INR3.06b (approximately USD41.8m) through an open market transaction. Baring PE India retains a 1.36% stake in the company. Read more… Read More
Vickers Venture Partners, ZTC Private Markets, and Singapura Finance led a USD21m investment in Singapore-based fintech MatchMove, with participation from NTT Investment Partners, Iconic World, and V V Pentafond. Read more… Read More
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