9 August 2023
View in browser

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

GPCA Investors Meeting

9 November 2023 | The Bloomsbury, London

#GPCAEvents

Registration is now open for the GPCA Investors Meeting on 9 November at The Bloomsbury in London. Capped at 150 attendees, this one-day private meeting convenes a highly curated gathering of GPCA Member investors and global LPs to discuss key topics shaping the future of private markets. Last year’s inaugural meeting drew influential private capital participants from Asia, Latin America, the Middle East and Africa, in addition to North America and Europe.

Organized around candid, small-group discussions and one-on-one meetings, this year’s program will feature leading investors from the Middle East, those at the forefront of AI and key players managing climate funds across private market strategies. Discussions will include:

The Growing Influence of Middle East Investors on Global Economies
How Will AI Affect Portfolios and Returns in the Future?
What’s in Your Climate Portfolio? Defining the Opportunity from Packaging to Agribusiness

The program will conclude with a brief ceremony to recognize the winners of the GPCA Deal Awards and an early evening reception.

A GPCA Members Reception, co-hosted by Debevoise & Plimpton, will be held on 8 November from 6:30-9:30 pm at the Hotel Café Royal London for GPCA Members, global institutional investors and other invited guests.

In addition, Debevoise & Plimpton will conduct a seminar on Co-Investment Trends and Best Practices in Global Markets on 8 November from 5:00-6:00 pm at the Hotel Café Royal London.

For questions, please Megan Smith at msmith@gpcapital.org.

REGISTER HERE

Everstone | Sahyadri Hospitals

GPCA Deal Book: Inclusive & Sustainable Growth

#DealCases

Deal_Case_Everstone_Sahyadri_Pardot 1080x369

In October 2019, Everstone acquired a majority stake in Sahyadri, an India-based chain of multi-specialty hospitals with strong clinical credentials across neurosciences, cardiac sciences, orthopedics, oncology, transplants and critical care.

Since Everstone’s acquisition, the company increased overall bed counts and upgraded faculty and medical equipment, driving surgeries as a percentage of total cases from 45% in 2019 to 65%. Everstone helped increase the company’s workforce by 58%, with women comprising over half of employees and no gender pay gap. Under Everstone’s leadership, Sahyadri avoided 529 tons of CO2 emissions and saved an annual average of 75,000 cubic meters of fresh water and approximately 186MW hours of electricity per year.

READ FULL CASE STUDY

DOWNLOAD DEAL BOOKS

AIIB’s Venture Capital Showcase for Start-ups in Green and Technology-enabled Infrastructure

This Venture Capital Showcase provides opportunities for entrepreneurs to present their start-up business plan in Green and Technology-enabled Infrastructure and receive feedback from AIIB senior investment professionals, VC fund managers, and other industry leaders. Successful business plans will be showcased and promoted on AIIB’s upcoming public Infratech Platform, an open-source platform to identify business solutions to address infrastructure needs.

Interested applicants are invited to submit their business plan proposals by 15 August 2023 at 11:59 pm Beijing Time. Details about the showcase and submission requirements are available here.

For questions about the Venture Capital Showcase for Start-ups in Green and/or Technology-enabled Infrastructure, contact fundshowcase@aiib.org.

INVESTMENTS
► BPEA EQT completed the merger of Hong Kong-based fund and corporate services platforms Vistra and Tricor at a USD6.5b valuation for the combined entity. #Asia

► Commercial Cold Holdings, a cold chain logistics platform backed by African Infrastructure Investment Managers, agreed to acquire South Africa-based supply chain solutions provider Sequence Logistics for USD150m. #Africa

► Temasek agreed to invest INR12b (~USD145m) in Mahindra Electric Automobile, an India-based electric passenger vehicle manufacturer. #Asia

► General Catalyst led a USD45m round for Tractian, a Brazil-based industrial equipment maintenance management platform, with participation from monashees and follow-on from US-based Next47. #LatinAmerica

► Danish SDG Investment Fund led a USD31.5m Series C for Bright, a Mexico-based distributed generation solar financier. #LatinAmerica

► Legend Capital and Lenovo Capital led a CNY100m+ (~USD13.9m+) round for SpacemiT, a China-based RISC-V computing chip developer, with participation from Guoguan Shunxi Fund, Quhe Capital and Zoo Capital, as well as follow-on from Beyond Ventures, Glory Ventures, Matrix Partners and ZhenFund. #Asia

► QED Investors and Ventures Platform led a USD12m Series A for Remedial Health, a Nigeria-based healthtech platform for pharmacy procurement and operations, with follow-on from Y Combinator, Tencent and Gaingels. #Africa

► Orange Ventures led a USD9m Series B for Terragon, a Nigeria-based data and cloud marketing tech company, with participation from TLcom Capital, LoftyInc, Sango Capital, VestedWorld and Western Technology Investment. #Africa

► Alpha JWC Ventures led a USD6.8m Series A for Beleaf, an Indonesia-based farming-as-a-service provider, with participation from Openspace Ventures. #Asia

► Astra Digital Internasional led a Series D for Halodoc, an Indonesia-based healthcare platform, with participation from Openspace Ventures and Novo Holdings. #Asia

EXITS
► DCP Capital Partners agreed to exit MFS Technology, a Singapore-based manufacturer of printed circuit boards and semiconductor substrates, via a strategic sale to Victory Giant Technology for USD460m. #Asia

► Tiger Global exited India-based e-commerce platform Flipkart through a sale to Walmart for USD1.4b. #Asia

► Olympus Capital Asia partially exited Constant Energy, a Thailand- and Singapore-based renewable electricity generation and storage development platform, via a strategic sale to Virya Energy. #Asia