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13 December 2023
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GPC Conference 2024: Member Registration Open

25-27 March | Conrad New York Downtown

#GPCAEvents

Registration for GPCA Members is now open for the Global Private Capital Conference in partnership with IFC, which will convene on 25-27 March 2024 at the Conrad New York Downtown.

GPCC 2024 Grid

2024 event highlights include:    

  • Panels and keynote discussions on the Energy Transition, Private Credit Strategies, Reorganizing Global Supply Chains, Biotech and more.     
  • Networking with and insights from GPCA Board Members, the Global Tech Council, the DFI Council and others.
  • Global participation spanning GPCA’s Asia headquarters and our new presence in the Middle East. 

Speakers and event sessions will be announced in the new year. View last year’s agenda and speakers as a reference point for 2024 programming.

REGISTER NOW

Amethis | Naivas

GPCA Deal Book: Inclusive & Sustainable Growth

#DealCases

In February 2020, Amethis invested in Naivas, a Kenya-based supermarket chain with 84 stores in 22 cities and towns and more than 7,800 employees. The company sells more than 40,000 different products, including food, clothing and household appliances.

 

With Amethis’ support, Naivas grew rapidly, hiring about 1,700 new employees and creating additional new jobs through partnerships with its increasing number of suppliers. Amethis implemented a nondiscrimination policy in the hiring process to benefit women, who now represent 25% of the workforce, up from 20.5% at the time of the investment. The company also introduced highly subsidized health insurance, offering coverage to the family members of its employees as well.

READ FULL DEAL CASE
DOWNLOAD DEAL BOOK

This is the final edition of NewsWatch in 2023. We will resume weekly frequency in 2024 after a brief break over the new year. 

NW-V2Industry-News

INVESTMENTS

► Fajr Capital led a consortium to acquire a 65% stake in the GCC operations of Aster DM Healthcare, a UAE-based full-spectrum private healthcare provider. #MiddleEast

 

► Bessemer Venture Partners led a USD210m Series E+ for Klook, a Hong Kong-based online travel booking platform, with participation from BPEA EQT, Atinum Investment, Golden Vision Capital, Krungsri Finnovate and others. #Asia

 

► Bain Capital agreed to invest an additional USD50m in Masan Group, a Vietnam-based conglomerate active in areas such as consumer goods, F&B retail, telecommunications and more. Bain previously invested USD200m in October. #Asia

 

► Kotak Alternate Asset Managers invested INR3.75b (~USD45m) in Cropnosys, an India-based agrochemical manufacturer. #Asia

 

► Singapore-based healthcare platform Doctor Anywhere raised a USD40.8m Series C1+ from Square Peg, Novo Holdings and others. Doctor Anywhere previously raised a USD38.8m round in December 2022. #Asia

 

► Tongyu Automotive, a China-based EV chassis developer, raised a CNY500m (~USD70.6m) Series B from Shenzhen Capital Group, Jiyuan Capital, BAIC Capital, Rockets Capital, Anhui Guojiang Future Automotive Industrial Investment Fund and others. #Asia

 

► Patria Investments acquired a majority stake in a portfolio of wind energy assets in Brazil, including the Asa Branca, Chapada I, Chapada II and Chapada III wind farms, from London-based power producer ContourGlobal. #LatinAmerica

 

► Eurazeo led a USD36m pre-Series C for Igloo, a Singapore-based insurance platform, with participation from Openspace Ventures and La Maison. #Asia

 

► BlackRock invested in Brasol, a Brazil-based solar energy generation platform for corporate clients. #LatinAmerica

 

► Zenobē Energy led a GBP9m (~USD11.4m) Series A for GoMetro, a South Africa-based fleet management platform, with participation from Futuregrowth Asset Management, E Squared Investments, Kalon Venture Partners and Greg Fury, as well as follow-on from 4Decades Capital, Hlayisani Capital and Tritech Global. #Africa

 

► EMI Group, an industrial access solutions provider backed by Innova Capital, acquired Kadra, a Romania-based integrated solutions supplier for automation and access management. #CEE

 

► Horizon Capital invested in GoIT, a Ukraine-based professional education platform focused on programming and other digital skills. #CEE

 

► Salesforce Ventures and the Female Founders Fund led a USD4m seed round for Amini, a Kenya-based deep tech company focused on environmental data, with participation from Satgana, as well as follow-on from Pale Blue Dot and Superorganism. #Africa

 

► Wavemaker Partners and AgFunder led a USD3.75m seed round for Meatiply, a Singapore-based cultured meat producer, with participation from SEEDS Capital. #Asia

 

FUNDRAISING

► Seraya Partners reached a USD800m final close for its debut fund focused on infrastructure investments that facilitate the energy transition in Asia, including green data centers, renewable energy and vessels serving offshore wind farms. #Asia

 

► Gaja Capital reached a USD400m final close for its fourth fund focused on mid-market companies in emerging sectors in India. #Asia

 

► Circulate Capital reached a USD76m final close for its Ocean Fund I-B, focused on enterprises that develop solutions to combat plastic waste in Asia. #Asia

 

► Wavemaker Impact reached a USD60m final close for its debut fund focused on decarbonization investments in Southeast Asia. #Asia

 

EXITS

► Warburg Pincus fully exited Computer Age Management Services, an India-based mutual fund transfer agency, via a share sale for INR27b (~USD324m) to investors including ADIA and White Oak Capital. #Asia

 

► Invepar exited Concessionaria Litoral Norte (CLN), a Brazil-based highway portfolio located in Bahia, for BRL200m (~USD40.7m) through a sale to Monte Capital. #LatinAmerica

 

► Advent International exited retailer Carrefour Brasil through a block trade for ~BRL160m (~USD32.5m). #LatinAmerica

 

► Resource Partners fully exited Poland-based cosmetics manufacturer Torf Corporation, the owner of Tolpa and ON brands, to Bielenda, a cosmetics company backed by Innova Capital. #CEE

NW-V2Events-&-Trainings

GPC Conference 2024

25-27 March 2024

Conrad Downtown New York

LEARN MORE

GPCA Asia Members Meeting

15 February 2024

Singapore

LEARN MORE

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Women’s Private Equity Summit APAC 2024
31 January - 2 February 2024
Capella Singapore

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