GPCA Sets Up in the Middle East with MEVCA Partnership

#PressRelease

On 27 November, GPCA CEO Cate Ambrose was in Abu Dhabi to announce an important new institutional expansion in the region in partnership with the Middle East Venture Capital Association (MEVCA) chaired by Noor Sweid of Global Ventures. 

The partnership between GPCA and MEVCA highlights the region's dynamic investment landscape, showcasing how the UAE’s investor-friendly policies and regulatory reforms are attracting global private capital investors.

INVESTMENTS

► QED Investors led a USD25m Series A+ for Zubale, a Mexico-based fulfillment services marketplace, with follow-on from NFX and Kevin Efrusy. #LatinAmerica

► Global Ventures led a USD20m Series B for Immensa, a UAE-based additive manufacturer, with participation from Endeavor Catalyst, Shorooq Partners and Green Coast Investments. #MiddleEast

► Amethis, AfricInvest, IFC and Proparco acquired a majority stake in NETIS, a Côte d'Ivoire-based telecommunications and energy infrastructure services provider. #Africa

► MCI Capital acquired a majority stake in Webcon, a Poland-based software provider that digitalizes internal processes in organizations. #CEE

► Dis Mask, a China-based photomask manufacturer for integrated circuits, raised a CNY520m (~USD73.2m) Series B from China International Capital Corporation, CITIC Securities, Hengchuang Investment and Phoenix Tree Capital Group. #Asia

► Jet Investment acquired a 70% stake in LIKOV, a Czech Republic-based manufacturer of plastic and aluminum building profiles and construction accessories. #CEE

► bValue acquired a 69% stake in Hostersi, a Poland-based cloud migration and infrastructure maintenance services provider. #CEE

► Baja Aqua-Farms, a Mexico-based vertically integrated Bluefin tuna rancher, secured an undisclosed investment from Continental Grain Company, Organizacion Cultiba, Equity Group Investments and Castle Harlan. #LatinAmerica

► Scanmed, a healthcare network operator backed by Abris Capital Partners, fully acquired Poland-based healthcare company Med-Lux. #CEE

FUNDRAISING

► Mediterrania Capital has secured a commitment from Bpifrance for its fourth fund, which is focused on mid-cap companies operating in North and Sub-Saharan Africa. #Africa

► Vidya reached a BRL530m (~USD108.4m) final close for its first flagship fund, aimed at investing in middle-market agribusiness companies in Brazil. #LatinAmerica

► LeapFrog Investments secured a USD100m commitment from Temasek for its LeapFrog Asia and Africa Climate Transition Fund. The fund is focused on SMEs and mid-cap companies that support climate action and environmental sustainability in Asia and Africa. #Global

EXITS

► Affirma Capital fully exited GZ Industries, a Nigeria-based aluminum cans manufacturer for global blue-chip beverage brands in Africa, via a sale to Oppenheimer Partners. #Africa

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