New GPCA Report

#GPCAResearch #Asia

GPCA has released its latest research report, “Healthcare in Asia: The Growing Opportunity for Private Capital”. Changing demographics and rising incomes are driving growth in the healthcare industry across Asia.​

Despite growing demand, significant gaps in key segments of the healthcare landscape remain, fueling a long-term opportunity for private capital investors.​

This report analyzes healthcare investment trends across China, India and Southeast Asia, as well as how private capital players are helping to address local market needs, improve the quality and availability of care and drive innovation in the region.​

GPCA Southeast Asia Members Meeting &

Reception Recap

21 September 2023 | Singapore

#GPCAEvents #SoutheastAsia

GPCA hosted its Quarterly Members Meeting and annual Singapura Sundown Reception on 21 September, with more than 110 attendees, including invited guests from the investment community and government. 

The meeting featured a research presentation with key takeaways from GPCA’s Mid-Year 2023 Industry Data & Analysis and an investor panel with Edward J. Grefenstette (The Dietrich Foundation), Sharon Liang (Siguler Guff), Sudhir Variyar (Multiples Alternate Asset Management), Craig Thorburn (Future Fund) and Srini Nagarajan (British International Investment) moderated by GPCA CEO Cate Ambrose, with closing remarks by GPCA Asia Council Chair Brian Lim.

GPCA Members can reach out to Felicia Chia at FChia@GPCapital.org for more information.

INVESTMENTS

► Advent received approval from the Cabinet Committee on Economic Affairs to invest INR95.89b (~USD1.16b) in Suven Pharmaceuticals, an India-based pharma product manufacturer. #Asia

► KKR agreed to acquire a 20% stake in Singapore-based communications technology group Singtel’s regional data center business for SGD1.1b (~USD800m). #Asia

► Power Finance Corp invested USD310m in Serentica Renewables, an India-based clean energy provider serving large-scale, energy-intensive industrial customers. #Asia
 

► Kedaara Capital acquired a significant minority stake in India-based education service platform K12 Techno Services for INR10b+ (~USD120.6m+). #Asia

► Growtheum Capital Partners invested ~USD70m in KIN Dairy, an Indonesia-based dairy products manufacturer. #Asia

► Convivialité Ventures, the CVC arm of Pernod Ricard, led a USD50m Series D for JOKR, a NY- and Berlin-based last mile retail delivery platform with a focus on Latin America, at a USD800m post-money valuation, with participation from Lombard Odier and follow-on from monashees, Tiger Global, G Squared, GGV Capital, Balderton Capital and Greycroft. #LatinAmerica

► Singapore-based insurtech platform bolttech received a USD50m Series B+ from LeapFrog Investments. #Asia

► L Catterton and CLSA Capital Partners led a CNY200m (~USD27.6m) Series B for Trautec, a China-based producer of recombinant collagen-based biomaterials for the medical and cosmetics industries, with participation from CDF-Capital and MF Capital. #Asia

► The European Bank for Reconstruction and Development (EBRD) and MCI agreed to invest EUR20m (~USD21.5m) in PHH Group, a Baltic-based e-commerce platform with a presence in Finland. #CEE

► Singapore-based e-commerce platform AMP raised a USD18.5m Series A from Openspace Ventures and Jungle Ventures. #Asia

► PortfoLion Capital Partners, Inventure, Day One Capital and Inference Partners led a USD15m Series B for Commsignia, a Hungary-based V2X solutions provider, with participation from Partech, Credo Ventures and Karma Ventures. #CEE

► Complete Farmer, a Ghana-based agriculture value chain platform raised a USD10.4m pre-Series A, including USD7m in equity led by Acumen Resilient Agriculture Fund and Alitheia Capital, with participation from Proparco, Newton Partners and VestedWorld Rising Star Fund, and USD3.4m in debt from Sahel Capital, Alpha Mundi Group and Global Social Impact Investments. #Africa

► Bababos, an Indonesia-based raw material procurement service provider, raised a USD3m seed round from East Ventures, Patamar Capital and Accion Venture Lab. #Asia

FUNDRAISING
► Metier reached a USD182m+ first close for its third growth fund focused on equity-related investments in mid-market companies in Sub-Saharan Africa. The vehicle has a USD200m target. #Africa

► Nuwa Capital reached a USD100m final close for its maiden fund focused on early-stage businesses in the UAE. #MiddleEast

EXITS
► Southern Cross Group exited Esmax, a Chile-based diversified downstream fuels and lubricants retailer, through a sale to Aramco, a Saudi Arabia-based global chemical and energy conglomerate. #LatinAmerica

► Everstone Capital sold a 25.36% stake in Restaurant Brands, an India-based food franchise chain. Everstone has a remaining 15.44% stake in the company. #Asia

► Bain Capital sold a 2.82% stake in L&T Finance Holdings, an India-based non-banking finance company, for USD110m (INR9.1b). #Asia

GPCA Climate Training

2 November 2023
Four Seasons Hotel, Singapore

8 November 2023
Hotel Café Royal, London

8 November 2023
Hotel Café Royal, London

9 November 2023
The Bloomsbury, London

Industry Events

LAVCA Week 2023
10-13 October 2023, Conrad New York Downtown, New York

5th Annual Executive Briefing on Private Capital in Turkiye and Environs

19 October 2023, Shangri La Bosphorus Hotel, Istanbul

GPCA Data & Intelligence