Industry News
INVESTMENTS
► Accession Capital Partners, INVL and IFC invested in POLMED, a Poland-based private provider of multi-profile medical services. #CEE
► KKR acquired a minority stake in UAE-based integrated gas company ADNOC Gas Pipeline Assets. #MiddleEast
► Vinci Compass agreed to acquire Brazil-based asset manager Verde Asset. #LatinAmerica
► Hornbill Capital led a USD120m investment in India-based stockbroking platform Dhan, with participation from MUFG Bank, Beenext and others. #Asia
► Accel and Peak XV led a USD100m Series E for Supabase, a Singapore-based open source backend platform for application development, with participation from Figma Ventures and others. #Asia
► ArtCap Strategies led a USD50m syndicated loan for Telconet, an Ecuador-based telecommunications company. #LatinAmerica
► General Atlantic led a USD40m investment in Bold, a Colombia-based payment platform for SMEs, with participation from the IFC, InQlab and Cóndor Inverlink. #LatinAmerica
► OIF Ventures and Sun Hung Kai & Co led a BRL160m (~USD30m) investment in Pagaleve, a Brazil-based BNPL platform. #LatinAmerica
► Sierra Ventures, Liquid 2 Ventures and Daniel Servitje (Grupo Bimbo) led a USD22m Series A for Eden, a Mexico-based radiology operating system. #LatinAmerica
► F-Prime and Parafi led a USD20m Series B for Lemon, an Argentina-based digital crypto wallet, with participation from Endeavor Catalyst and others. #LatinAmerica
► Palm Ventures and SABAH.fund led a USD10m pre-seed round for UPFRONT, a UAE-based B2B payments and BNPL platform. #MiddleEast
FUNDRAISING
► SIDF Investment Company to provide a strategic commitment to Janus Henderson’s fourth MENA Private Credit Fund, focused on underserved mid-sized companies across the MENA region. #MiddleEast
► Decheng Capital raised USD450m+ for its fifth Global Life Sciences Fund, focused on early-stage life science companies and growth-stage healthcare companies with strong market presence. #Asia
► BECO Capital reached a USD370m close across two funds, with USD120m raised for its fourth fund focused on early-stage investments and USD250m for its Growth Fund focused on Series B to pre-IPO scale-ups in the GCC region. #MiddleEast
► Indies Capital Partners reached a USD300m+ final close for its fourth private credit fund focused on investing across Southeast Asia. #Asia
► Kedaara Capital reached a USD300m close for its continuation fund, transferring partial stakes in India-based companies Lenskart Solutions and Care Health Insurance to the new vehicle. #Asia
► Iliad Partners reached a second close for its USD50m fund focused on early-stage B2B software startups in fintech, logistics and proptech, primarily in Saudi Arabia and the UAE, with some capital allocated to Greece. #MiddleEast
► Swedfund invested USD15m in Excelsior Capital's second Vietnam Fund, focused on boosting Vietnamese private sector development and growth. #Asia
EXITS
► EIG's Prumo Logistica agreed to exit Brazil-based crude-terminal operator Vast Infraestrutura to China Merchants Port Holdings for USD448m. #LatinAmerica
