New GPCC Speakers; Eversource Deal Case; KKR To Invest USD400m in India’s Healthcare Global Enterprises

5 March 2025
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Infrastructure Boom

Infrastructure investment increased 27% year-over-year to USD22.5b and accounted for 19% of all private capital invested in GPCA markets in 2024, as shown in the 2025 Industry Data & Analysis. Latin America saw a record USD15.3b in real assets dealmaking in 2024, driven by major infrastructure (equity and debt) and natural resources investments. Southeast Asia is solidifying its position as a digital infrastructure hub, with a record USD4.4b in equity and project financing deployed into data centers and tower assets in 2024.

For more data, GPCA Members can log in to download the 2025 Industry Data & Analysis Excel file, which contains expanded analysis and commentary; fund and transaction listings; and breakdowns of investment activity by asset class, sector and geography. GPCA’s Member Portal includes the Data Room (formerly GPC Analytics), now with expanded LP commitment data exclusively for GPCA Members, now updated through 31 December 2024.

ACCESS DATA

Eversource | GreenCell

GPCA Deal Book V: Inclusive & Sustainable Growth

#DealCases

Eversource Capital, GreenCell Mobility-NW

In October 2019, Eversource Capital invested in GreenCell Mobility, an India-based provider of intracity and intercity electric bus transportation services.

With Eversource’s support, GreenCell acquired its first contract to deploy electric buses and has continued to expand its business-to-government (B2G) services over the years. As of October 2024, the company operates over 1,150 buses in 14 states, serving 105,000 customers daily. By displacing diesel buses, GreenCell has prevented 94,000 tonnes of CO2 emissions while pioneering safety and inclusivity initiatives, including India’s first women-only electric intercity route. The company also strives to create opportunities at equal pay for women and frequently holds gender awareness trainings to foster a culture of respect and inclusivity. Women at GreenCell hold positions as drivers, cabin hosts, depot heads, senior managers and board members.

READ FULL DEAL CASE

READ FULL DEAL BOOK

GPCC: Venture and Tech in Focus

7-9 April 2025 | New York City

#GPCAEvents

On 7-9 April 2025, GPCA in partnership with IFC will present the annual Global Private Capital Conference at Convene 360 Madison in New York City.

F E A T U R E D S E S S I O N

The Global Outlook for Tech Investment

Eric Acher

Co-Founder & Managing General Partner

monashees

Mehmet Atici

Managing Partner
Bek Ventures

Yemi Lalude

Partner

TPG

Roderick Purwana

Managing Partner

East Ventures

Karthik Reddy

Co-Founder
Blume Ventures

Noor Sweid

Founder &
Managing Partner
Global Ventures

Scott Voss

Managing Director

HarbourVest

Other featured sessions include:

► Building Global Payment Platforms
► Trends and Opportunities in Health Tech
► The Future of Software and Marketplace Investing in Global Markets

Secure your spot now!

REGISTER

VIEW AGENDA

INVESTMENTS

► KKR agreed to acquire a controlling stake in India-based oncology hospital chain Healthcare Global Enterprises for USD400m, facilitating an exit for CVC Capital Partners. #Asia

► CEECAT Capital and Morphosis Capital invested in EnduroSat, a Bulgaria-based manufacturer of satellites. #CEE

► KKR and Partners Group agreed to lead a ~USD150m investment in Darwinbox, an India-based HR management platform. #Asia

► Visa, DEG, AfricInvest and Speedinvest invested in Oze, a Ghana-based financial services provider for SMEs. #Africa

► National Infrastructure & Investment Fund invested INR7b (~USD80m) in Lightstorm, an India-based provider of network infrastructure for businesses. #Asia

► Lightrock led a USD30.5m Series B for Azos, a Brazil-based life insurance startup, with follow-on from KASZEK, Prosus Ventures, MAYA Capital and others. #LatinAmerica

► Breega led a USD69m Series A for Flow48, a UAE-based financial services provider for SMEs, with participation from 212, Speedinvest, Daphni, Endeavor Catalyst, Evolution Ventures and Plus VC. #MiddleEast

► Mubadala Capital acquired Imepac, a Brazil-based university offering medical courses and programs. #LatinAmerica

► Ashmore Colombia announced the acquisition of three Colombia-based logistics assets through FCP Fondo Ashmore Andino III and Ashmore Andean Fund III. #LatinAmerica

► VEMO, a Mexico-based electric vehicle company, raised USD64m in debt from Beel Credit, Banco Covalto, Kapital and Promecap. #LatinAmerica

► Multiples led a USD50m+ Series C for Geniemode, an India-based one-stop supply chain solutions company, with participation from Fundamentum and Paramark Ventures, as well as follow-on from Info Edge Ventures. #Asia

► EBRD Ventures led a USD44m Series B for Nomagic, a Poland-based robot manufacturer for warehouse operations, with follow-on from Khosla Ventures and Almaz Capital. #CEE

► Catalyst Romania led a EUR2.3m (~USD2.4m) investment in Footprints AI, a Romania-based software platform that optimizes advertising and customer engagement, with participation from SeedBlink. #CEE

► HSI acquired a Brazil-based InterContinental hotel from Itaú Chile, in a transaction valued at BRL150m (~USD25m). #LatinAmerica

► SAS Shipping Agencies Services and Al Mada Ventures led a USD30m Series B for Gozem, a Togo-based super app that provides transportation, shopping, delivery and financial services. #Africa

FUNDRAISING

► P1 Ventures reached a USD50m final close for its institutional fund focused on early-stage tech investments across Africa. #Africa

► Coller Capital closed a CNY229m (~USD31.5m) GP-led secondary transaction in partnership with GSR Ventures. The transaction comprises eight high-growth assets in the consumer and tech sectors across China. #Asia