New Case Studies on Women-Led Businesses in Southeast Asia; TPG Rise Climate Secures USD1.25b for Global South Initiative

2 October 2024
View in browser

When Women Lead: Entrepreneurial Case Studies from Vietnam, the Philippines and Indonesia

GPCA and Investing in Women (IW) partnered to promote gender lens investing (GLI) among capital providers and fund managers across Southeast Asia by highlighting successful women-led investments. In "When Women Lead: Entrepreneurial Case Studies from Vietnam, the Philippines and Indonesia," we delve into women-led businesses in these countries, showcasing their strengths, innovations and achievements. The case studies feature:

► Navegar’s investment in MDI Novare, a Philippines-based IT company specializing in custom application development, infrastructure, data analytics and IT security solutions for businesses and the public sector.

► Monk’s Hill Ventures and Vietnam Investments Group’s investment in ELSA Speak, a Vietnam-based mobile application that utilizes machine learning, artificial intelligence and advanced speech recognition technology to enhance English communication skills.

► AC Ventures’ investment in Astro Technologies, an Indonesia-based online platform offering on-demand delivery services for groceries, including ready-to-eat meals, fresh produce, snacks, household items, personal care products and medicines.

Through these case studies, GPCA and IW aim to inspire further investment in women-led enterprises and demonstrate the potential of gender lens investing in driving economic growth in the region.

READ FULL CASE STUDIES

INVESTMENTS

► Helios Investment Partners led a INR8.5b (~USD101.8m) Series D for India-based API infrastructure platform M2P Fintech, at a reported INR65.5b (~USD790m) valuation, with participation from Flourish Ventures and others. #Asia

► BTG Pactual acquired US-based multifamily office Greytown Advisors. #LatinAmerica

► Scala Data Centers, a Brazil-based data center platform, secured USD500m in structured financing from Coatue Tactical Solutions and the Investment Management Corporation of Ontario. #LatinAmerica

► Hornbill Capital led a USD210m Series B for India-based edtech platform Physics Wallah at a reported USD2.8b post-money valuation, with participation from Lightspeed Venture Partners, GSV and WestBridge. #Asia

► Kingswood Capital Management invested in Kodak Alaris Mexico, an information capture technology company. #LatinAmerica

► Packeta, a Czech Republic-based delivery platform backed by CVC and Emma Capital, fully acquired FoxPost, a Hungary-based parcel locker service provider. #CEE

► IFC led a BRL74m (~USD13.4m) round for BHub, a Brazil-based accounting and financial management platform for SMEs. #LatinAmerica

► Ares Management Corporation agreed to acquire Walton Street Mexico, a real estate asset management platform focused primarily on the industrial sector. #LatinAmerica

► Indus Valley Capital led a USD3.2m Series A for Qist Bazaar, a Pakistan-based BNPL platform for electronics and electric vehicles, with participation from Gobi Partners. #Asia

FUNDRAISING

► TPG Rise Climate secured USD1.25b for its Global South Initiative, a vehicle focused on private equity investments in high-growth climate opportunities across the Global South. #Global

► Brookfield Asset Management reached a USD2.4b first close for its Catalytic Transition Fund, focused on clean energy and transition assets in emerging markets in South and Central America, South and Southeast Asia, the Middle East and Eastern Europe. #Global

► Hidden Hill Capital reached a CNY1.1b (~USD156.1m) final close for its first RMB-denominated VC fund focused on early-stage tech startups in the supply chain sector across China. #Asia

► FMO and the UK government committed USD55m to BTG Pactual’s Latin American reforestation strategy. #LatinAmerica

EXITS

► Blackstone Real Estate agreed to fully exit US-based motel chain operator G6 Hospitality via a sale to OYO, an India-based travel booking platform, for USD525m. #Asia

► Peak XV Partners, TPG and Norwest Venture Partners exited a 14.24% stake in India-based non-banking financial company Five Star Business via open market transactions for INR34b (~USD407m). #Asia

► Opportunity agreed to partially exit Santos Brasil, a Brazil-based port logistics company, via sale to CMA CGM, a France-based logistics and transportation company. #LatinAmerica