Despite rolling COVID-19 travel restrictions across much of Southeast Asia in 2021, investments reached a record USD21.5b with e-commerce, logistics and payments companies leading the way Additional analysis includes: Highlights of financial services and logistics/delivery sectors that are rapidly scaling A closer look at Southeast Asia’s VC activity which tripled… Read More
In 2012, CEECAT Capital acquired 46.2% of Cevher Group, a Turkey-based automotive parts manufacturer in financial distress. CEECAT equitized the company’s debt, repaid suppliers, resolved tax liabilities and brought in new management. After selling Cevher’s foundry business to Mexico’s Nemak in 2016, CEECAT focused on its wheels business, optimizing… Read More
Tata Capital reached a USD126m final close for Tata Capital Healthcare Fund II. The vehicle will invest in sub-sectors of pharmaceuticals, pharma and allied services, healthcare delivery, medical devices and digital health in India. Read more… Read More
A consortium of investors led by Goldman Sachs Asset Management and including AlpInvest Partners, LGT Capital Partners and Partners Group completed a USD900m stapled secondary for BPEA. The consortium acquired interests in BPEA’s fifth and sixth funds and made a USD270m commitment to Fund VIII. BPEA recently merged with EQT. Read More
Oxyzo, the lending arm of India-based OfBusiness, raised a USD200m Series A at a reported USD1b valuation led by Alpha Wave Global, Tiger Global, Norwest Venture Partners, Matrix Partners and Creation Investments. Read more… Read More
China-based AV maker WeRide raised USD400m at a reported USD4.4b valuation from investors including state-owned automaker GAC and German auto parts supplier Bosch, with participation from Carlyle Group and others. Read more… Read More
Saudi Arabia-based B2B marketplace Sary led a USD22.5m Series A for Pakistan-based B2B e-commerce startup Jugnu, with participation from Sarmayacar and Systems Limited. Read more… Read More
EQT, through its EQT Mid Market Asia III fund, acquired a majority stake in China-based pest control operator Guardian Shanghai Hygiene Service for an undisclosed amount. Read more… Read More
EverSource Capital, through its Green Growth Equity Fund, acquired a majority stake in India-based EV fleet operator Lithium Urban Technologies for an undisclosed amount, facilitating an exit for Lightrock and IFC. Read more… Read More
Trustar Capital acquired Beijing Salion Foods, a China-based compound condiment and basic food ingredients company, via its fourth China buyout fund for an undisclosed amount. Read more… Read More
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