SeaTown Holdings Invests ~USD89m in Singapore’s AddVita; Submissions Open for 2025 GPCA Deal Book & Awards

4 June 2025
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Global GPs Ramp Up Middle East Dealmaking

#GPCAResearch

Global investors are increasingly setting up local offices in the Middle East to access the region’s deep capital base, which often comes with a mandate to invest in domestic opportunities — driving some of the region’s largest transactions. As highlighted in GPCA’s Q1 2025 Industry Data & Analysis, this dynamic is evident in major deals completed in recent quarters, including Silver Lake’s minority stake in Khazna, Brookfield’s USD2.9b buyout of Network International, and BlackRock’s USD400m investment in distributed energy firm Positive Zero.

GPCA Q1 2025 Industry Data and Analysis-2

GPCA Members can log in to download the Excel file for more data.

For questions and feedback or to request custom data cuts from the research team, please contact research@gpcapital.org.

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Now Accepting Submissions:
2025 GPCA Deal Book & Awards

#DealAwards #DealBooks

GPCA Member firms are invited to participate in the 2025 GPCA Deal Awards and GPCA Deal Book. Both initiatives highlight fund managers who have achieved extraordinary investment outcomes in Asia, Africa, Latin America, Central & Eastern Europe and the Middle East.

The GPCA Deal Awards program recognizes investments across five categories:

2025 GPCA Environmental Sustainability Award (an exit is not mandatory)
2025 GPCA Social Impact Award (an exit is not mandatory)
2025 GPCA Better Tech Award (an exit is not mandatory)
2025 GPCA Deal Innovation Award (requires a partial or full exit)
2025 GPCA Deal of the Year Award (requires a partial or full exit)

Member firms can submit one deal for consideration for the Deal Awards, Deal Book or both.

Firms that were featured in the 2024 Deal Book are ineligible to participate in the 2025 Deal Book but are welcome to submit for the Deal Awards.

To request a submission form and submit a deal, please contact Toluwani Adedeji at tadedeji@gpcapital.org. All submission forms must be completed and received by 7 July 2025. Please visit the GPCA website for more information on the GPCA Deal Awards program as well as previous editions of the GPCA Deal Book.

Winners will be chosen by an independent panel of LP judges and announced at a special ceremony as part of GPCA's London programming on 11 and 12 November 2025.

Monk's Hill | ErudiFi

GPCA Deal Book V: Inclusive & Sustainable Growth

#DealCases

In April 2018, Monk’s Hill Ventures invested in ErudiFi, an Indonesia-based financial technology company that offers educational loans and installment-based payment plans to students in Southeast Asia.

With Monk’s Hill's support, the number of borrowers at ErudiFi increased 10x from 5,000 students in 2021 to over 50,000 by November 2024. The company plays a critical role in improving financial access, with 99% of Filipino and 64% of Indonesian users being first-time borrowers, helping families build credit history through affordable education financing. ErudiFi also prioritizes inclusive growth, ensuring marginalized communities are well represented. In October 2024, women made up 60% of borrowers in the Philippines and 50% in Indonesia, while 80–90% of borrowers across both countries came from lower-income households.

READ DEAL CASE

READ FULL DEAL BOOK

INVESTMENTS

► SeaTown Holdings invested SGD115m (~USD89m) in AddVita, a Singapore-based healthcare and life sciences distribution company. #Asia

► TPG NewQuest and A91 Partners led an INR5.38b (~USD63m) Series B for India-based fashion retail chain CityKart, facilitating an exit for Investcorp. #Asia

► Founders Fund led a EUR43m (~USD48.8m) investment in EnduroSat, a Bulgaria-based manufacturer of satellites, with participation from CEECAT Capital, Morphosis Capital and others. #CEE

► Openspace Ventures led a USD3m investment in Vietnam-based coffee chain Every Half Coffee Roasters, with participation from DSG Consumer Partners. #Asia

► Yellowstone Capital Partners and Visum Capital agreed to invest in Clic 80, a Colombia-based industrial and logistics center. #LatinAmerica

► Value4Capital agreed to acquire a majority stake in Univio, a Poland-based solutions provider for digital commerce. #CEE

► Brookfield Asset Management acquired Mantiqueira Transmissora, a Brazil-based power line operating company, in a transaction valued at USD146.7m. #LatinAmerica

FUNDRAISING

► Patria Investments raised USD314m for its first private credit fund focused on Latin America. #LatinAmerica

► Aliph Capital reached a USD200m final close for its debut fund focused on growth investments in sectors powering the economic transformation in the Middle East. #MiddleEast

► Fong Capital Partners (formerly Maison Capital) reached a RMB420m (~USD58.3m) final close for its first fund since rebranding, targeting medtech, advanced manufacturing and Al-enabled crossover sectors across China. #Asia

EXITS

► Navis Capital exited its controlling stake in Vietnam-based seafood products producer Godaco via a management buyout. #Asia

► AfricInvest exited Egypt-based digital payments platform MDP via a strategic investment led by Lorax Capital Partners. #Africa

► EQT agreed to exited Sagility B.V., the promoter of Sagility India, a healthcare-focused BPO and technology services provider, via a block trade for INR2.67b (~USD314m). #Asia

► Southern Cross Group exited an 11.25% stake in SMU, a Chile-based supermarket chain, for USD124m. #LatinAmerica

► Vinci Partners exited a 9.5% stake in Vitru, a Brazil-based education platform, for BRL114 (~USD20m). #LatinAmerica