GPCA covers the latest fund, investment and industry news across our markets in two newsletters: NewsWatch is a weekly round-up of key transactions across asset classes; the Global Tech Brief is a bi-weekly review of tech transactions and innovations with cross-border applications. Subscribe in the left-hand sidebar.
Access past editions of NewsWatch here.
Resource Partners to Acquire Poland’s Nail Polish Maker Nesperta
Resource Partners has filed to acquire a majority stake in Nesperta, a Poland-based UV hybrid nail polish company, from the company’s founders. The transaction is pending approval from the Polish Office of Competition and Consumer Protection. Read More
H.I.G. Capital in Partial Exit from Brazilian Advertising Company Eletromidia via USD162m IPO
H.I.G. Capital has partially exited its stake in Brazil-based outdoor advertising company Eletromidia via the company’s BRL871.6m (approximately USD162m) IPO on the B3. According to regulatory filings, H.I.G. Capital’s Vesuvius FIP Fund sold shares worth BRL91.97m (approximately USD17m), reducing its stake from 80.48% to 53.33%. Read More
ThronTree Capital Partners Leads USD33.3m Series B for Brazilian Healthtech Alice
ThronTree Capital Partners led a BRL180m (approximately USD33.3m) Series B for Brazilian healthtech Alice, with participation from Endeavor Catalyst and follow-on from KaszeK Ventures, Canary, and Maya Capital. Read More
H.I.G. Capital Acquires Brazilian Pet Food Manufacturer FVO
H.I.G. Capital has acquired Brazil-based pet food manufacturer FVO – Brasília Indústria e Comércio de Alimentos (FVO) for an undisclosed amount. Read More
CPE, Guotai Junan, and Wanxiang Invest USD200m in Chinese Autonomous Driving Technology Developer Plus
CITIC Private Equity Funds Management, Guotai Junan International, and Wanxiang International have invested USD200m in Plus.Ai, a China-based autonomous driving technology developer and provider specialized in trucks, with follow-on from Full Truck Alliance. Read More
Coatue Management Leads USD108m Series D for Indian Fintech BharatPe
Coatue Management led a USD108m Series D for India-based fintech BharatPe, with follow-on from Ribbit Capital, Insight Partners, Steadview Capital, BeeNext, Amplo Opportunities, and Sequoia Capital. The latest funding round brings the company’s valuation to USD900m. Read More
Philadelphia Board of Pensions & Retirement Commits USD50m to DPI ADP III
Philadelphia Board of Pensions & Retirement has committed USD50m to the African Development Partners III (ADP III) fund, a pan-African, consumer-focused fund managed by Development Partners International (DPI). Read More
Advent Partially Exits Indian Consumer Products Company CG Consumer for USD204m
Advent International has sold a 6.06% stake in India-based consumer products company Crompton Greaves Consumer Electricals (CG Consumer) for INR14.9b (approximately USD204m) through an open market transaction. Read More
Mid Europa-Backed M+ Group Acquires 51% Stake in Croatian Software Company Bulb for USD8.4m
M+ Group, a Croatia-based business process outsourcing services provider owned by Meritus Ulaganja and backed by Mid Europa Partners, has acquired a 51% stake in Croatia-based local software company Bulb for EUR7m (approximately USD8.4m). Read More
DILA Capital Reaches USD35m First Close for DILA IV
DILA Capital has reached a USD35m first close for DILA IV, with IDB Lab as the anchor investor in the fund. The vehicle targets investments in tech-enabled companies in Latin America. Read More
Match to Acquire South Korean Social Media Platform Hyperconnect for ~USD1.7b
Online dating giant Match Group has agreed to acquire Hyperconnect, a South Korea-based social media platform backed by Altos Ventures and SoftBank Group, for USD1.725b in cash and stock. The transaction is expected to close in Q2 2021. Read More
IDB Lab Invests in Salkantay Exponential Fund
IDB Lab has agreed to invest in Salkantay Exponential Fund, a vehicle managed by Salkantay Ventures. The fund will focus on early-stage tech investments in Peru. Read More