8 November 2023
View in browser

Copy of NewsWatch Banner-Jul-24-2023-07-59-22-2572-PM

GPCA Southeast Asia Members Meeting & Holiday Reception

5 December 2023 | Members Meeting: 4:30 pm SGT | Reception: 6 pm SGT

#SoutheastAsia

2a6bcea4e5684e62a133d73e564c7207!_!3272b910122b14027743ee9707184a49

GPCA will host the last Southeast Asia Members Meeting of the year in Singapore on 5 December 2023. The interactive session will present a round up of 2023, including a discussion on the fundraising environment and considerations of investors as we enter 2024. GPCA will also present highlights from our latest climate report.

For questions, please contact Jia Xin Ong at jxong@gpcapital.org.

REGISTER NOW

Humania Capital

Aamir Rehan, CEO

#MemberProfiles

GPCA recently spoke with Aamir Rehan, CEO of Humania Capital, about the company’s healthcare investment strategy and the impact of technological advancements, demographic shifts and regulatory changes on the healthcare sector.

READ THE FULL PROFILE

Virtual Training | What Does it Take to Raise and Execute on an Impact Fund Today?

21 November 2023 | 8:30-10 am ET

#InsidePrivateCapital

In this training, participants will:

Understand the drivers of LP demand for impact funds
Hear about how to leverage impact in communication with potential and current LPs and avoid common pitfalls
Learn how to create strong impact KPIs
Discuss how to conceptualize success in terms of both financial and impact returns

Dawn Powell

Principal, Stepstone

Amie Patel

Partner, Elevar Equity

José Luis Pano

Head of Impact and Return, Vinci Partners

Registration closes Friday, 17 November.

The Inside Private Capital series is available to GPCA Members, LAVCA Members and guests of DEG and FMO at no cost. Non-members may contact education@gpcapital.org to express interest and will be considered on a space-permitting basis. Learn more.

REGISTER NOW

INVESTMENTS

► Gentari and GIC agreed to invest USD1.75b in AM Green Ammonia, an India-based hydrogen and ammonia producer owned by the founders of renewables company Greenko Energy Holdings. #Asia

► KKR agreed to invest USD400m in OMS Group, a Malaysia-based telecoms infrastructure and subsea cable services company. #Asia

► Temasek led a ~USD384.9m equity and debt round for Ola Electric, an India-based electric scooter manufacturer, with participation from the State Bank of India. #Asia

► General Atlantic led a USD200m Series B for QI Tech, a Brazilian API-based credit issuance platform, with follow-on from US-based growth investor Across Capital. This is the largest round raised by a Brazilian startup so far in 2023, according to GPCA Research. #LatinAmerica

► Raxio, a provider of carrier-neutral, Tier III certified data centers in Africa, raised USD46m in equity from Meridiam and Roha. #Africa

► Polaris Partners led a USD27m Series A+ for Singapore-based biotech company Engine Biosciences, with participation from Coronet Ventures and SEEDS Capital, as well as follow-on from Temasek-backed ClavystBio, Invus and EDBI. #Asia

► Acrew Capital led a USD20m Series A+ for Nomad Homes, a UAE-based residential real estate listings platform, with participation from 01 Advisors, HighSage Ventures, Abstract Ventures, Partech Partners, Precursor Ventures, Potluck Ventures, Knollwood and others. #MiddleEast

► Global Ventures led a USD3.6m seed round for Almouneer, an Egypt-based healthcare platform focused on diabetes and obesity, with participation from Proparco, Digital Africa, Wrightwood Investments and others. #Africa

EXITS

► MidEuropa agreed to exit Romania-based food retailer Profi Rom Food via a sale to Ahold Delhaize at an enterprise value of EUR1.3b (~USD1.37b). #CEE

► Global Infrastructure Partners (GIP) exited Atlas Renewable Energy, a solar energy asset portfolio encompassing Conjunto Fotovoltaicos Juazeiro, Sao Pedro, Sol do Futuro, Sertão Solar and Lar do Sol, through a BRL2.3b (~USD458.5m) sale to global energy solutions conglomerate Engie. #LatinAmerica

► Woolworths Holdings acquired a 93.45% stake in South Africa-based petcare retailer Absolute Pets, facilitating an exit for Sanlam Private Equity. #Africa

► Intesa Group acquired Romania-based retail bank First Bank from J.C. Flowers. #CEE

► E20 Investment acquired a majority stake in Lucky Fish, a Turkey-based vertically integrated sea bass and sea bream production and processing company, from Mediterra Capital Private Equity. #CEE