INVESTMENTS
► Actis agreed to acquire EDP Brasil's two transmission lines in São Paulo, Minas Gerais and Maranhão for BRL2.7b (~USD550m). #LatinAmerica
► Alta Capital invested USD200m in Capella Educore, an India-based chain of K-12 schools and student housing. #Asia
► Wellington Management led a USD200m Series D for Tabby, a UAE-based BNPL platform, with participation from Bluepool Capital, as well as follow-on from STV, Mubadala Investment Capital, PayPal Ventures and Arbor Ventures. #MiddleEast
► Capitalworks acquired a significant minority stake in Continental, a South Africa-based PVC and thermoplastic elastomer compounds manufacturer. #Africa
► C&D Emerging Industry Equity Investment led a CNY800m+ (~109.8m+) pre-IPO for Bang-Er Orthopedic, a China-based orthopedic hospital chain, with participation from GY Capital, Lake Bleu Capital, October Capital, China Pacific Insurance and Sunshine Insurance Group. #Asia
► CDPQ agreed to acquire Integração Transmissora de Energia (Intesa), a Brazil-based electricity transmission network in the states of Tocantins and Goiás, for up to BRL396m (~USD78.5m). #LatinAmerica
► InCred, an India-based lending platform for students and SMEs, raised a INR5b (~USD60m) Series D, becoming the second new unicorn in India this year. #Asia
► Wa'ed Ventures and Raed Ventures led a USD41m Series B for Noon, a Saudi Arabia-based peer-to-peer social learning platform, with participation from STV, SVC, Riyadh Valley Company, Endeavor, Sanabil 500, Qyem Development Holding, Nahlat Alarab Holding and others. #MiddleEast
► GP Investments, through its holding company G2D, invested USD14m in Needed, a Brazil-based supplements developer for perinatal nutrition. #LatinAmerica
► Monk's Hill Ventures led a pre-Series A for Radiant1, a Singapore-based AI-powered SaaS solutions provider for hotels. #Asia
► Formerra, an H.I.G. Capital-backed distributor of thermoplastic resins, additives and other specialty polymers, acquired Suministro, a Mexico-based distributor of elastomers, adhesives, resins and other performance additives. #LatinAmerica
FUNDRAISING
► Ares Management Corp secured USD2.4b for its sixth Asia fund focused on special situations and distressed assets. #Asia
► Norrsken22 reached a USD205m final close for its debut fund focused on growth-stage startups in Africa. #Africa
► Grupo Romero Asset Management (GRAM) and Carlyle agreed to launch the Americas Buyout Fund, focused on opportunities throughout the Hispanic ecosystem across the Americas. #LatinAmerica
EXITS
► SPE Capital and Proparco fully exited Amanys Pharma, a Morocco-based manufacturer of antibiotics and hospital specialty drugs, via a strategic sale to Laprophan. #Africa
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