Everstone Capital has acquired a majority stake in Calibre, an India-based specialty ingredients manufacturer focused on the pharmaceutical, nutritional, and personal care segments. The details of the transaction are undisclosed. Read more… Read More
LGT Lightstone Aspada and Falcon Edge’s Alpha Wave Incubation led a USD40m Series C for India-based edtech Cuemath, with follow-on from CapitalG, Sequoia Capital, and Manta Ray Ventures. Read more… Read More
EXEO Capital, through its Agri-Vie Fund II, has invested an undisclosed amount in Glacier Products, the Kenya-based producer of ice-cream and chocolate brand Dairyland. The transaction is subject to regulatory approvals. Read more… Read More
Orchid Asia has invested a USD120m Series E for Snowball, a China-based financial information services provider focused on cross-border investments. Read more… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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… Read More
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