Carlyle to Fully Exit India’s SBI Life
The Carlyle Group agreed to sell its remaining 1.9% stake in SBI Life, an India-based life insurer, through multiple block deals for a reported USD289m. Read more… Read More
Openspace Reaches USD120m First Close for Southeast Asia Growth Fund
Openspace Ventures reached a USD120m first close for its debut growth fund focused on Southeast Asian tech. Read more… Read More
PAG Reaches USD525m Final Close for China Growth Fund
PAG reached a USD525m final close for PAG Growth II. The vehicle will target minority positions in high-performing companies in technology-enabled sectors primarily in Greater China. Read more… Read More
Vitalbridge Capital Reaches USD200m First Close for USD Fund
Vitalbridge Capital reached a USD200m first close for its second USD-denominated fund. Vitalbridge focuses on healthcare technology and digital supply chains. Read more… Read More
Coller Capital Leads USD680m Secondaries Investment in Ping An Credit Portfolio
Coller Capital led a USD680m secondaries investment, alongside an unnamed Asian institution which contributed USD100m, in a portfolio of four credit funds managed by Ping An Overseas Holdings. Read more… Read More
EchoVC, MSA Capital, Others Invest USD2.2m Pre-Seed Round for Global Cross-Border Payments Company Wapi Pay
EchoVC, MSA Capital, Nubank and Klarna invested a USD2.2m pre-seed round for Wapi Pay, a Singapore-based, Kenya-headquartered payments and remittances company focused on cross-border payments between Africa and Asia. Read more… Read More
Indonesia’s Kredivo to Go Public via Merger with Victory Park Capital SPAC
FinAccel, the parent company of Indonesia-based digital credit platform Kredivo, agreed to merge with US-listed VPC Impact Acquisition Holdings II, a SPAC sponsored by Victory Park Capital, at a reported USD2.5b valuation. The deal includes a USD120m PIPE from Marshall Wace, Corbin Capital, SV Investment, Palantir Technologies, Maso Capital and… Read More
SoftBank and Alpha Wave Incubation Invest USD160m in India’s OfBusiness
SoftBank Vision Fund 2 and existing investor Alpha Wave Incubation invested USD160m in India-based B2B marketplace OfBusiness at a reported USD1.5b valuation. Read more… Read More
Everstone Capital Asia | API Holdings
In March 2016, Everstone Capital invested USD60.2m in Ascent Health and Wellness Solution, an Indian offline medicine distribution company. In partnership with Everstone, Ascent made 12 acquisitions over the following three years and scaled its revenues by more than 10x since the time of investment. Everstone helped… Read More
Riverwood Leads USD200m+ Series D for Singaporean B2B Payments Company Nium
Riverwood Capital led a USD200m+ Series D for Singapore-based B2B payments platform Nium at a reported USD1b+ valuation. Temasek, Visa, Vertex Ventures, Atinum Capital, Beacon Venture Capital, Rocket Capital Investment and angel investors including Gokul Rajaram (DoorDash), Vicky Bindra (FIS) and Arjun Sethi (Tribe Capital) also participated in the round. Read More
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