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IGM Financial To Acquire 13.9% Stake in China Asset Management for ~USD900m

IGM Financial subsidiary Mackenzie Financial Corporation agreed to acquire a 13.9% stake in China Asset Management from Power Corporation of Canada for ~USD900m. Read More

Impact46-Backed Jahez Lists on Nomu

Jahez, a Saudi Arabia-based online food delivery platform backed by Impact46, listed on the Saudi Exchange’s Parallel Market (Nomu) with a market capitalization of USD2.4b. Read More

Amethis Exits Mauritius’ Velogic via IPO

Amethis exited its 33.77% stake in Mauritius-based logistics company Velogic via the company’s IPO on the Mauritius Stock Exchange. Amethis sold 31.58 million shares for MUR790m (~USD18m). Read More

Tiger Global Leads USD34m Series B+ for Bangladesh’s ShopUp

Tiger Global led a USD34m Series B+ for ShopUp, a Bangladesh-based B2B commerce platform for MSMEs, with participation from Valar Ventures, VEON Ventures, Omidyar, Prosus Ventures, Flourish Ventures and Lonsdale Capital. The extension takes ShopUp’s Series B to USD109m. Read More

NYSCRF Commits USD190m to New York Co-Investment Pool Asia Investor IV

The New York State Common Retirement Fund committed USD190m to New York Co-Investment Pool Asia Investors IV, a co-investment vehicle managed by Asia Alternatives. Read More

Benson Oak Ventures Leads USD1.5m Pre-Series A for UAE’s Verofax

Benson Oak Ventures led a USD1.5m pre-Series A for Verofax, a UAE-based Asset Digitization and Traceability solutions provider, with participation from 500 Global, Wami Capital, and Vernalis Capital. Read More

Berkshire Hathaway and Permira To Exit South Africa’s Teraco Data Environments via Sale to Digital Realty

Berkshire Hathaway and Permira agreed to sell part of their stakes in South Africa-based data center operator Teraco Data Environments to Digital Realty. The deal values the company at a reported USD3.5b. Read More

SoftBank Leads USD127m Round for Brazil’s Alice

SoftBank led a USD127m round for Brazil-based healthcare provider Alice, with participation from G Squared, Globo Ventures, StepStone and Allen & Co, and follow-on from KASZEK and ThornTree Capital Partners. Read More

Mediterrania Partially Exits Morocco’s TGCC via IPO

Mediterrania Capital Partners achieved a partial exit from Morocco-based construction company Travaux Généraux de Construction de Casablanca (TGCC) via the company’s IPO on the Casablanca Stock Exchange. The IPO consisted of a cash-out of MAD300m (~USD32.4m) and a capital increase of MAD300m. Read More

Tybourne Leads USD96m Series C for Indonesia’s Kopi Kenangan

Tybourne Capital Management led a USD96m Series C for Indonesia-based coffee chain Kopi Kenangan, with participation from Falcon Edge Capital and follow-on from Horizons Ventures, Kunlun and B Capital. Read More

Ant’s Consumer Finance Unit Raises ~USD3.5b from Ant Group, China Cinda, Others

Chongqing Ant Consumer Finance, Ant Group’s consumer finance unit, raised CNY22b (~USD3.5b) from a group of investors led by Ant Group and including China Cinda Asset Management, Sunny Optics, Boguan Technology, Yufu Capital and Jiangsu Yuyue Medical Equipment & Supply. As part of the round, China Cinda invested CNY6b (~USD942m) for a 20% stake. Read More

Northstar Group Reaches USD590m Final Close for Northstar V

Northstar Group reached a USD590m final close for its fifth fund targeting investments in mature growth companies and select early-stage companies primarily in Indonesia and in other countries in Southeast Asia. Read More