Industry News
INVESTMENTS
► L Catterton invested in Healing Hands Clinic, an India-based clinic chain specializing in proctology. #Asia
► KKR and Quadrantis Capital agreed to acquire minority stakes in Hong Kong-based reinsurer Peak Reinsurance. #Asia
► Blackstone agreed to acquire a 9.9% stake in India-based private lender Federal Bank for ~USD705m. #Asia
► QIA invested USD535m in ISAGEN, a Colombia-based renewable energy platform. #LatinAmerica
► CalPERS led a USD450m investment in India-based quick-commerce platform Zepto, with follow-on from Avenir, Avra, Lightspeed and others. #Asia
► Actis agreed to acquire a Brazil-based transmission line from EDP Brasil. #LatinAmerica
► HongShan and CMC Capital Partners led a USD130m Series B for LiblibAI, a China-based AI content generation platform, with participation from Lenovo Capital and Incubator Group, as well as follow-on from INCE Capital, Future Capital and others. #Asia
► Community Investment Management provided USD75m in debt financing for Welli, a Colombia-based provider of medical treatment loans. #LatinAmerica
► Advance Venture Partners led a USD50m Series A for Conceivable Life Sciences, a Mexico-based provider of automated IVF services. #LatinAmerica
► DTCP led a USD23m Series B for Resistant AI, a Czech Republic-based provider of native AI models for financial crime and fraud prevention, with follow-on from Notion Capital and Google Ventures. #CEE
FUNDRAISING
► Investcorp reached a USD750m final close for its Golden Horizon Cooperation Fund, launched in collaboration with China Investment Corporation. The vehicle is focused on investing in high-growth companies across consumer, healthcare, transportation & logistics and business services sectors in the GCC and China. #Asia
► IFC and Appian Capital Advisory announced a USD1b partnership focused on critical minerals, metals and mining-related projects in Africa and Latin America. #LatinAmerica
EXITS
► India-based pharmaceutical formulations company Rubicon Research raised INR13.7b (~USD156.7m) through an IPO on the BSE and NSE, facilitating a partial exit for General Atlantic. #Asia
► China-based e-commerce SaaS ERP provider JST Group raised HKD2.1b (~USD270.2m) through an IPO on the HKEX. #Asia
► Agile Capital agreed to exit Aquatico, a South Africa-based environmental monitoring and testing laboratory, via a sale to Bidvest. #Africa