Frontier Towers, the KKR-backed subsidiary of Pinnacle Tower, agreed to acquire 3,539 telecom towers for PHP45b (~USD809m) from Philippines-based telecom Globe. Stonepeak has also separately agreed to acquire 2,180 telecom towers and related passive infrastructure from Globe for PHP26.2b (~USD471m) through Miescor Infrastructure Development Corporation, a joint venture between Meralco… Read More
Bertelsmann India led a USD17.5m Series B for SquadStack, an India-based sales talent platform for enterprises, with follow-on from Blume Ventures and Chiratae Ventures. Read more… Read More
YOYI Tech, a China-based programmatic advertising platform, raised a USD20m round from Samsung Ventures, Xincheng Investment and Zhejiang Silk Road Industrial Investment Fund and others. Read more here, here and here… Read More
Jet Commerce, an Indonesia-founded and China-based e-commerce marketing platform, raised ~USD60m Series B led by Jinqui Capital, Hidden Hill Capital and Zhejiang SilkRoad Fund, with participation from Hui Capital and follow-on from ATM Capital. Read more… Read More
Prosperity7 Ventures, the diversified growth fund of Aramco, led a Series D extension for Insilico Medicine, a China-based clinical-stage AI drug company, bringing the total Series D funding to USD95m. Read more here and here… Read More
Actis’ green energy platform BluPine Energy agreed to acquire the solar power assets of India-based Atha Group for an equity value of ~USD100m and a reported ~INR21b (~USD264m) enterprise value. Read more… Read More
Franklin Templeton exited its 13.63% stake in Vietnam-based logistics service provider In Do Trans Logistics to Mitsubishi Logistics for an undisclosed amount. Read more here and here… Read More
PT Astra Digital Internasional, the venture arm of Astra, led a USD23m Series C for Indonesia-based logistics platform Paxel with participation from Central Capital Ventura, MDI Ventures, SIG, EndeavorCatalyst, FJ Labs and PT Amsaka Investama Sejahtera. Read more… Read More
Warburg Pincus, Hillhouse Capital and China Renaissance exited their investment in China-based women’s and children’s hospital chain Amcare Healthcare to Xiaohe Health, a subsidiary of TikTok-owner ByteDance, in a USD1.5b deal. Amcare Healthcare is now wholly-owned by two ByteDance subsidiaries. Read more… Read More
Keppel announced a 100% acquisition of South Korea-based waste management services provider Eco Management Korea for KRW626.1b (~USD480m). The investment will occur through a special purpose vehicle that includes Keppel Infrastructure Trust, Keppel Asia Infrastructure Fund and Keppel Infrastructure Holdings, providing an exit for IMM Investment and Korea Development Bank. Read More
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