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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

AIIM To Invest USD150m+ to Expand Commercial Cold Holdings

Correction to NewsWatch 9 August 2023: African Infrastructure Investment Managers (AIIM) to invest USD150m+ to expand Commercial Cold Holdings platform, including acquisition of South Africa-based supply chain solutions provider Sequence Logistics. Read More

BPEA-Backed Sion Investment Holding Sells 19.4% Stake in India’s CMS Info Systems

Baring Private Equity Asia sold a 19.4% stake in India-based cash management and payment solutions provider CMS Info Systems via a share sale on the BSE for INR10.7b (~USD129.1m).  Read More

Bain Capital and Advent International Exit Singapore’s Quest Global

Bain Capital and Advent International exited Quest Global, a Singapore-based engineering services company, through a secondary sale to The Carlyle Group. Bain and Advent first invested in the company in 2016. Read More

General Atlantic Exits India’s 360 ONE

General Atlantic fully exited 360 ONE (formerly IIFL Wealth Management), an India-based wealth and alternates-focused asset management firm, by selling its remaining 1.16% stake. General Atlantic sold a 3.55% stake in December 2022. Read More

Openspace Ventures Leafs USD6.9m Series A for Indonesia’s Beleaf

Alpha JWC Ventures led a USD6.8m Series A for Beleaf, an Indonesia-based farming-as-a-service provider, with participation from Openspace Ventures. Read More

Temasek To Invest ~USD145m in India’s MEAL

Temasek agreed to invest INR12b (~USD145m) in Mahindra Electric Automobile Limited, an India-based electric passenger vehicle manufacturer. Read More

Capitalworks Exits South Africa’s IQbusines

Capitalworks fully exited IQbusiness, a South Africa-based management and technology consulting firm, through a sale to Reunert ICT. Read More

Sanlam Private Equity Acquires Majority Stake in South Africa’s Danny’s Auto Body Parts

Sanlam Private Equity acquired a majority stake in Danny’s Auto Body Parts, a South Africa-based aftermarket automotive parts and accessories supplier. Read More

Astra Leads Series D for Indonesia’s Halodoc

Astra Digital Internasional led a Series D for Halodoc, an Indonesia-based healthcare platform, with participation from Openspace Ventures and Novo Holdings. Read More