GPCA Training Next Week; Mediterrania Deal Case; GEF Capital Partners Sell Stake in India's Premier Energies

18 June 2025
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GPCA Latin America Council Meeting: Key Takeaways

#LeadershipCouncils

The Latin America Leadership Council convened last week led by Council Chair Ana Zarruk of Pantheon. Here are some key takeaways:

Mexico stands to gain from global trade shifts, but private investors remain cautious amid ongoing market uncertainty and slower corporate decision-making cycles.
Private credit is on the rise across Latin America, fueled by high interest rates, debt restructurings and highly concentrated banking sectors. Investors are capitalizing on opportunities in structured transactions and legal claims, particularly in Brazil.
Fundraising dynamics are evolving, with increased activity in secondary markets and a move toward single-LP separately managed accounts (SMAs), as global LPs seek liquidity and more flexible, cost-efficient structures.

VIEW LATIN AMERICA COUNCIL

Mediterrania Capital Partners | Akdital

GPCA Deal Book V: Inclusive & Sustainable Growth

In March 2020, Mediterrania Capital Partners invested in Akdital, a Morrocco-based private hospital group in Africa with several types of multidisciplinary healthcare facilities — including general and specialty hospitals, outpatient clinics and long-term treatment centers.

With Mediterrania's support, Akdital has grown rapidly by opening 22 hospitals, including one per month from June to October 2024, and increasing its bed capacity from 550 to over 3,700. The company introduced new medical services across its Casablanca hospitals and expanded into new regions nationwide, including underserved areas, through the launch of small satellite hospitals. Since Mediterrania’s investment, Akdital has created over 2,800 jobs and now employs more than 4,000 people, 76% of whom are under the age of 25. Women make up 80% of staff, 63% of managers, 43% of senior leaders and 44% of the board.

READ FULL DEAL CASE

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Training: How to Get Deals Funded in 2025

24 June 2025 | Virtual

#GPCAEvents

Join experts from global buy-side advisor Control Risks on Tuesday, 24 June from 9:00 – 10:00 am EDT for up-to-the-minute insights on approaching potential follow-on investment via continuation vehicles in the current complex investment environment. They will discuss how investors are reviewing their portfolios for the strongest candidates for deal-by-deal fundraising, with attention to:

Highlighting existing deals with appealing aspects, such as critical minerals and data center services, dollarized investments and tariff resilience
Developing a step-by-step plan to refresh diligence and prepare portfolio companies for follow-on investment
Finding and assessing potential sources of funding

Roberta Brzezinski

Head of Americas Business Intelligence

Control Risks

Jessica Pyman
Head of Asia Business Intelligence
Control Risks

Courtenay Smith

Head of Middle East & North Africa Business Intelligence
Control Risks

REGISTER

INVESTMENTS

► Wellington Management led a USD150m Series F for Glean, a US-based enterprise solutions platform with operations in Mexico, with participation from Bicycle Capital, Khosla Ventures and others. #LatinAmerica

► Patria Investments acquired Vectis Gestão de Recursos, a Brazil-based real estate investment manager. #LatinAmerica

► Tar Heel Capital acquired a 75% stake in Centrum Medyczne Med-Gastr, a Poland-based medical facility providing gastroenterology services, via a sale from ArKa Family Foundation. #CEE

► Singapore-based BNPL platform Atome secured USD75m in debt financing from Lending Ark to expand its lending operations in the Philippines. #Asia

► Activate Capital and S2G Investments led a USD62m investment in Aerones, a Latvia-based provider of robotic inspection for wind turbines, with participation from Carbon Equity and Overlap Holdings, as well as follow-on from Lightrock and others. #CEE

► Ecosystem Integrity Fund led a USD18m Series A for Vecmocon Technologies, an India-based intelligent mobility solutions provider for electric vehicles, with participation from Aavishkaar Capital, British International Investment, as well as follow-on from Blume Ventures. #Asia

► AfricInvest led a ZAR200m (~USD11.3m) investment in Nile.ag, a South Africa-based online marketplace connecting farmers with buyers, with participation from FMO, as well as follow-on from Platform Investment Partners. #Africa

► Earlybird VC led a USD17m seed round for Sintra, a Lithuania-based developer of AI-powered business tools for SMEs, with participation from Inovo, Practica Capital and others. #CEE

► Kinea Investimentos increased its stake in Petz, a Brazil-based pet products retailer. #LatinAmerica

FUNDRAISING

► SparkEdge Capital reached a RMB700m (~USD97.5m) first close for its second RMB-denominated fund, focused on investing in new energy and technology startups in China. #Asia

► XP Asset Management raised BRL350m (~USD63.5m) for its first secondaries fund.

#LatinAmerica

► Public Investment Corp, DBSA and IDC committed USD37m to a fund focused on financing green-hydrogen projects in Africa. The vehicle is managed by Climate Fund Managers and Invest International. #Africa

EXITS

► GEF Capital Partners sold a 5.55% stake in India-based solar cell manufacturer Premier Energies for ~USD304m. The partial exit represents a ~40x MOIC on a proportional basis, with GEF retaining a 5.55% stake in the company. #Asia

► CPE fully exited China-based hair care chain Hairology for CNY1.65b (~USD230m) via a sale to Kidswant Children Product. #Asia