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Aqua Capital and GIC Exit Brazil’s Biotrop
Aqua Capital and GIC exited Biotrop, a Brazil-based developer of biological-based products for agricultural producers, through a sale to Biobest Group, a Belgium-based horticulture and pollination specialist, for ~USD568m. Read More
KKR To Acquire Majority Stake in China’s Ruirentang Pharmaceutical Group
KKR agreed to acquire a majority stake in China-based pharmacy chain Ruirentang Pharmaceutical Group. Read More
Temasek Leads USD140m Round for India’s Ola Electric
Temasek led a USD140m round for Ola Electric, an India-based electric scooter manufacturer, at a reported USD5.4b valuation. Read More
Amethis Acquires Minority Stake in Morocco’s Energy Transfo
Amethis acquired a minority stake in Energy Transfo, a Morocco-based company that designs and manufactures transformers, electrical cabinets and urban substations. Read More
AfricInvest To Invest USD40m in British University in Egypt
AfricInvest agreed to invest USD40m in The British University in Egypt, a private institution in Cairo, Egypt. Read More
AIIM To Invest USD90m in Joint Venture with N+ONE DATACENTERS
African Infrastructure Investment Managers (AIIM) agreed to invest USD90m to develop a new Pan-African data center and cloud services platform in a joint venture with N+ONE DATACENTERS. Read More
Baring Private Equity Partners India Leads USD15m Series A for India’s SatSure
Baring Private Equity Partners India led a USD15 Series A for SatSure, an India-based innovative decision analytics company specializing in satellite imagery, with participation from Omidyar Network India and xto10X, as well as follow-on from Force Ventures, Luckbox Ventures and IndigoEdge Advisors. Read More
BPEA Exits India’s Coforge for USD924m
BPEA EQT fully exited its remaining 26.6% stake in India-based IT services provider Coforge for USD924m through a block trade. Read More
Stepstone Leads USD200m Series E for India’s Zepto
Stepstone Group led a USD200m Series E for Zepto, an India-based grocery delivery platform, with participation from Goodwater Capital, as well as follow-on from Nexus Venture Partners, Glade Brook Capital and Lachy Groom. The round values Zepto at USD1.4b, making it the first Indian unicorn in 2023. Read More
Everstone Exits 29.5% Stake in India’s SJS Enterprises for ~USD66m
Everstone Capital fully exited its remaining 29.5% stake in SJS Enterprises, an India-based decorative auto-parts manufacturer for car brands, for ~USD66m. Everstone first invested in SJS in October 2015. Read More
Temasek and TPG Invest USD80m in India’s Dr. Agarwal’s Health Care
India-based eye hospital chain Dr. Agarwal’s Health Care raised a USD80m round from Temasek and TPG Growth. Read More
Singapore’s Sirius Technologies Raises USD18m Series A
Sirius Technologies, a Singapore-based enterprise architecture platform, raised a USD18m Series A from Integra Partners, Cento Ventures and M Venture Partners. Read More