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China’s Lotus Technology listed on Nasdaq via SPAC Merger with L Catterton’s SPAC
China-based electric vehicle manufacturer Lotus Technology listed on the Nasdaq through a merger with L Catterton’s SPAC, raising ~USD880m at a reported valuation of USD7b. Read More
Adenia, Proparco, DEG and South Suez Acquire South Africa’s The Courier Guy
Adenia Partners, DEG, Proparco and South Suez Capital fully acquired The Courier Guy, a South Africa-based last-mile delivery and express parcel provider. Read More
Lakeshore Capital Exits Thailand’s NDB Healthcare to Suntory Wellness
Lakeshore Capital fully exited NDB Healthcare, a Thailand-based health products manufacturer, via a sale to Suntory Wellness. Read More
Monk’s Hill Ventures and Others Exit Singapore’s Doyobi to ErudiFi
Monk’s Hill Ventures, 500 Southeast Asia, Hustle Fund and Teja Ventures exited Doyobi, a Singapore-based education platform for kids 8-12, through a strategic sale to ErudiFi. The sellers will swap their shares for a stake in ErudiFi. Read More
Singapore’s Transparently.AI Raises USD3m Pre-Series A from Franklin Templeton
Transparently.AI, a Singapore-based fraud detection platform, raised a USD3m pre-Series A from Franklin Templeton, valuing the company at USD20m. Read More
EQT Private Capital Asia Exits India’s CMS Info Systems for ~USD187m
EQT Private Capital Asia (formerly BPEA EQT) fully exited its 26.7% stake in India-based cash management platform CMS Info Systems for INR15.47b (~USD187m). Read More
TPG NewQuest Leads USD100m Investment in India’s Shadowfax
TPG NewQuest led a USD100m Series E for Shadowfax, an India-based logistics and delivery platform, with participation from Mirae Asset Venture Investments, Flipkart, IFC, Nokia Growth Partners and others. The round includes some secondary transactions. Read More
Integra Partners Leads USD4.1m Pre-Seed Round for Philippines’ ProCredit
Integra Partners led a USD4.1m pre-seed round for ProCredit, a Philippines-based lending platform for SMEs, with participation from the Menardo Jimenez Family Office, M Venture Partners, Cento Ventures, Gobi Partners and others. Read More
Horizon Capital Reaches USD350m Final Close for Ukraine Fund IV
Horizon Capital reached a USD350m final close for its fourth fund focusing on fast-growing primarily tech and export-oriented companies in Ukraine and Moldova. The fund had a USD250m target. Read More
Verod Capital Acquires 65% stake in Nigeria’s i-Fitness from CardinalStone
Verod Capital acquired a 65% stake in Nigeria-based gym chain i-Fitness from CardinalStone for USD12m. CardinalStone first invested in the company in 2019. Read More
CVC Capital Partners Reaches USD6.8b Final Close for Asia VI
CVC Capital Partners reached a USD6.8b final close for its sixth Asia fund focused on control, co-control and partnership investments in core consumer and services sectors across the region. Read More
Equator Leads USD24m Series A for Kenya’s Roam with USD10m Debt from DFC
Equator led a USD24m Series A for Roam, a Kenya-based EV manufacturer, with participation from At One Ventures, TES Ventures, Renew Capital and others. The round included USD10m in debt from DFC. Read More