Deals Wrap: Top deals of the week (8–12 June, 2020)

Deals Wrap: Top deals of the week (8–12 June, 2020)

by CGIA Institute

Another week with private equity firms making exciting deals across industries. Here are our editors picks for the week in our deals wrap edition for this week ending June 12, 2020.

The U.S. International Development Finance Corporation (DFC) has approved an investment in SPE AIF LP, a private equity fund managed by SPE Capital and an investment in the AfricInvest Fund IV. To boost key industries across Africa, an investment of up to US$25 million will support SPE AIF I LP, a fund which will invest in businesses in key industries across North and Sub-Saharan Africa. Read more here.

Mason Wells, one of the Midwest’s leading private equity firms, announced the successful closing of Mason Wells Buyout Fund V with commitments from limited partners of $725 million. The fundraising effort for Fund V, was launched in February 2020, targeting total commitments of $650 million from institutional investors. In addition to the commitments from institutional investors, Mason Wells raised an additional $42 million from individual investors, including the general partner, bringing the total capital available to invest to $767 million. Read more here.

Hygeia Healthcare is seeking to raise US$300 million to US$400 million prior to a listing in Hong Kong, as the Shanghai-based radiotherapy service provider joins a flurry of IPOs launched by companies in the medical sector riding on strong demand from investors. Read more here.

Software Firm Duck Creek, raised $230 million from new and existing investors ahead of a planned initial public offering. The Boston-based company attracted Kayne Anderson Rudnick Investment Management and Whale Rock Capital Management as new investors, according to a statement reviewed by Bloomberg. The valuation of the company in the round wasn’t included in the statement. Read more here.

Healthtech startup HealthPlix Technologies has raised $6 million as a part of its Series B round, led by JSW Ventures.Existing investors Chiratae Ventures and Kalaari Capital rounds up the total equity funding, raised by the startup to $10 million. Read more here.

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