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.
Orchid Asia Invests USD120m Series E for Chinese Financial Information Services Provider Snowball
Orchid Asia has invested a USD120m Series E for Snowball, a China-based financial information services provider focused on cross-border investments. Read More
Fatima Gobi Ventures Reaches USD14m First Close for Pakistan Fund
Fatima Gobi Ventures has reached a USD14m first close for Techxila Fund I, its debut vehicle targeting seed and Series A investments in technology-enabled businesses in Pakistan. Read More
Everstone Partially Exits Burger King India via USD109m IPO
Everstone Capital has successfully exited part of its stake in Burger King India via the company’s INR8.1b (approximately USD109m) IPO. In addition to the 60 million shares sold by Everstone during the IPO, the PE firm also sold shares in off-market deals in the days leading up to the IPO. Everstone’s stake will go from 94.43% to 53%. Read More
JBIC and DFC to Invest USD6b in Indonesia’s New Sovereign Wealth Fund
The Japan Bank for International Cooperation (JBIC) and the U.S. International Development Finance Corporation (DFC) have committed to investing USD6b to Indonesia’s new sovereign wealth fund. JBIC has committed to investing USD4b, while DFC has signed a letter of intent to invest USD2b in the fund. Read More
PayU Leads USD7m Series B+ for Indian Wealth Management Startup Fisdom, Quona and Saama Join
PayU led a USD7m Series B extension for India-based wealth management startup Fisdom, with follow-on from Quona Capital and Saama Capital. Read More
monashees Leads USD5m Series A for Brazilian Coffee Chain The Coffee
monashees led a BRL28m (approximately USD5m) Series A for Brazil-based coffee chain The Coffee, with participation from Norte Ventures and Shift Capital. Read More
I Squared-Backed Cube Highways to Acquire India’s Chenani Nashri Tunnelway from IL&FS for USD598m
I Squared Capital-backed Cube Highways and Infrastructure has agreed to acquire the Chenani Nashri Tunnelway in India from Infrastructure Leasing & Financial Services (IL&FS) for INR39b (approximately USD598m). Read More
CICC, Haitong, Shenzhen Capital, Matrix Partners, Others Invest USD376m Pre-IPO Round for Chinese Satellite Developer Chang Guang
CICC Capital, Haitong Innovation, Rosefinch Investments, Matrix Partners China, Shenzhen Capital Group, Estar Capital, Shanda Capital, CAS Star, and startup iFlytek invested a CNY2.46b (approximately USD376m) pre-IPO round for China-based commercial satellite developer Chang Guang Satellite Technology. Existing backers Jilin Province Guidance Fund and Chenrui Tech re-upped. Read More
3W Fund Management Leads USD43m Series E for Chinese Drug Developer CANbridge Pharma
3W Fund Management led a USD43m Series E for China-based drug developer CANbridge Pharmaceuticals, with participation from Casdin Capital, Summer Capital, SPDBI, and Yaly Capital, and follow-on from Hudson Bay Capital, RA Capital, Lyfe Capital, and Tigermed. Read More
Bain Capital Exits Brazilian Medical Conglomerate Notre Dame Intermedica for USD709m in Secondary Offering
Bain Capital has sold 54m shares in Brazilian medical conglomerate Notre Dame Intermedica for BRL3.75b (approximately USD709m) in a secondary offering. Read More
3TS-Backed Catalyst Romania Reaches First Close for Second VC Fund
3TS Capital Partners-backed Catalyst Romania has reached a EUR26m (approximately USD31.2m) first close for Catalyst Romania Fund II, its second VC fund. The vehicle, which targets EUR40-50m, will invest in TMT companies operating in Romania. Read More
Providence Equity Partners Sells Bharti Infratel Stake to Bharti Airtel for USD225m
Providence Equity Partners has sold its stake in Bharti Infratel, the telecom tower infrastructure unit of India-based telco Bharti Airtel, to Nettle Infrastructure Investments, a subsidiary of Bharti Airtel, for INR16.6b (approximately USD225m). Read More