Crescera Capital Member Profile; Warburg Pincus Acquires 65% Stake in India’s Appasamy Associates

24 April 2024
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New GPCA Members

#GPCAMembers

GPCA was pleased to welcome 31 new members to the association.

Full Members

AC Ventures
Alcazar Energy Partners
Avaana Capital
Base10 Partners
Blue Earth Capital
Community Investment Management
Foxmont Capital Partners
GEF Capital Partners
Green Climate Fund
Humania Capital
Innova Capital
Integra Venture Partners

January Capital
Quadria Capital
SIFEM
SURA Investment Management
Tata Capital Healthcare
The Northstar Group
Tufts University Investment Office
USAID Office of Private Capital & Microenterprise
Verod Capital
Vietnam Investments Group
WaterBridge Ventures

Associate Members

BlueMark Tideline
Control Risks
DLA Piper
Morgan Lewis Bockius

Oisterglobal
Palladium Group
Planet Partnerships
PricewaterhouseCoopers (PwC)

Crescera Capital

Priscila Rodrigues, Senior Partner

#MemberProfiles

GPCA recently spoke with Priscila Rodrigues, Senior Partner at Crescera and Latin America Council Chair at GPCA, about the firm’s investment outlook.

READ PROFILE

Gulf Capital | Cedar White Bradley

GPCA Deal Book: Inclusive & Sustainable Growth
#DealCases

In January 2020, Gulf Capital invested in Cedar White Bradley (CWB), a provider of intellectual property services, including trademark, copyright, patent and design, media and entertainment law services in the Middle East, Central Europe and Africa.

With Gulf Capital's support, CWB has dedicated more resources to developing its staff and promoting talent from within the organization. The company implemented several new human resource policies to drive employee advancement, resulting in an annual average percentage of internal promotions of 17% between 2019 and 2022. CWB is committed to creating junior positions and adhering to affirmative action policies to foster local hiring. The company also offers flexible arrangements for working mothers, with 50% of its workforce and over 60% of senior roles held by women as of September 2023.

READ FULL DEAL CASE

DOWNLOAD DEAL BOOK

INVESTMENTS

► Warburg Pincus acquired a 65% stake in Appasamy Associates, an India-based manufacturer of ophthalmic equipment and intraocular lenses, for ~USD300m. #Asia

► Foxmont Capital Partners led an investment in Nibertex, a Singapore-based manufacturer of sustainable nanofiber textiles with operations in the Philippines. #Asia

► Lighthouse Funds invested INR7b (~USD84m) in Parsons Nutritionals, an India-based manufacturer of packaged foods and beverages, with participation from IFC, Evolvence India, HDFC AMC and others. #Asia

► Windrose Technology, a Hong Kong-based electric heavy-duty truck developer, raised a USD110m Series B from Goodman Group, HSBC, HITE Edge Asset Management and others. #Asia

► Genesis Capital acquired Carussel, a Hungary-based digital marketing solutions provider for automotive dealerships. #CEE

► Warburg Pincus invested in Xuyen A, a Vietnam-based tertiary general hospital group. #Asia

► Brazil-based Ore Investments invested ~USD2.6m in Alvo Minerals, a mining exploration company listed on the Australian Stock Exchange. #LatinAmerica

► Eight Roads and 3E Bioventures led a USD50m Series A for Arnatar Therapeutics, a US-founded biotech firm focused on RNA therapies expanding to China, with participation from Huajin Capital, Gaorong Capital, Jifeng Ventures and others. #Asia

► BlueOrchard led a USD20m Series B for Pula, a Kenya-based agriculture insurance provider, with participation from IFC, Bill & Melinda Gates Foundation, Hesabu Capital and others. #Africa

► Iliad Partners led a pre-Series A for Penny Software, a Saudi Arabia-based procurement platform, with participation from GSI and Knollwood Investments, as well as follow-on from Dallah Investment, Hambro Perks Oryx Fund, Class 5 Global and others. #MiddleEast

FUNDRAISING

► Kamet Capital reached a USD70m close for its first Founders Fund focused on technology, consumer and healthcare sectors in the US, China and Southeast Asia. The vehicle previously reached a first close in May 2022. #Asia

► DFC made a commitment of up to USD2.5m to ICV Delta Fund I, an inaugural venture fund focused on investing in startups based in Northern Central America; USD4m to Kamay Ventures I, a fund investing in tech-enabled supply chain platforms across Latin America; and USD4m to Regenera Ventures I, an impact investment fund focused on the rural economy in Mexico. #LatinAmerica