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CDPQ Leads USD105m Series D for India’s CleverTap
CDPQ led a USD105m Series D for CleverTap, an India-founded and US-based customer engagement platform, with participation from IIFL AMC’s Tech Fund and follow-on from Tiger Global and Sequoia India. CDPQ committed USD75m. Read More
Actis’ BluPine Energy To Acquire Solar Assets from India’s Atha Group for ~USD264m
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
Franklin Templeton Exits 13.6% Stake in Vietnam’s In Do Trans Logistics to Mitsubishi Logistics
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 h Read More
Brazil’s ISA LAB Raises ~USD12m Round from FIR Capital, Vox Capital, Kortex, Others
ISA LAB, a Brazil-based healthtech for exams and vaccines at home, raised a BRL60m (~USD12m) round from FIR Capital, Vox Capital, Kortex, Sabin and Bradesco Saude,Yaya Capital, and Scale Up Ventures. Read More
PT Astra Digital Internasional Leads USD23m Series C for Indonesia’s Paxel
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
Creation Investments Invests USD25m Equity in Mexico’s DD360
Creation Investments Capital Management invested USD25m in DD360, a Mexico-based financing and management platform for residential real estate. Read More
Florida State Board To Invest USD150m in Asia- and Latin America-focused ISQ Growth Markets Infrastructure Fund
Florida State Board of Administration agreed to invest USD150m in I Squared Capital’s ISQ Growth Markets Infrastructure Fund. The fund which has raised USD1.7b targets deals in Asia and Latin America and deploys capital on its own for deals less than USD100m. Read More
Warburg Pincus, Others Exit China’s Amcare Healthcare to TikTok-owner Bytedance in USD1.5b Deal
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
Astella To Reach USD150m Final Close for Fifth Early-stage Brazil-focused Fund
Astella reached a USD150m final close for its fifth fund, anchored by Spectra. The fund will focus on pre-seed to Series B stage startups in Brazil. Read More
Keppel To Acquire 100% Stake in South Korea’s Eco Management Korea for ~USD480m; IMM Investment and KDB To Exit
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 here and h Read More
Abris-backed GreenGroup Acquires Lithuania’s UAB Ecso
Abris Capital Partners acquired UAB Ecso, a Lithuania-based polyethylene recycling company, through its portfolio company GreenGroup for an undisclosed amount. Read More
India’s Eyestem Raises USD6.4m Series A from Biological E. Limited, Alkem, NATCO, Endiya Partners, Kotak Private Equity, Others
Eyestem, an India-based biotech focused on macular degeneration, raised a USD6.4m Series A from Biological E. Limited, Alkem, NATCO, Endiya Partners, Kotak Private Equity and others. Read More