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Chinese EV battery-maker SVOLT closes $1.6b Series B round led by BOCGI dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
SVOLT Energy Closes RMB10.28 Billion Series B Financing finsmes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finsmes.com Daily Mail and Mail on Sunday newspapers.
Centurium-led consortium completes $4.76b take-private deal of China Biologic April 22, 2021 Nasdaq-listed biopharmaceutical firm China Biologic Products Holdings suspended the trading of its shares on Wall Street on Wednesday, after the completion of a take-private deal sponsored by a Chinese buyout group that valued the firm at about $4.76 billion. The consortium is led by entities affiliated with Centurium Capital, a private equity (PE) firm founded by former Warburg Pincus partner David Li. Other investors in the consortium include Chinese PE company CITIC Capital; Asia-focused Hillhouse Capital; and V-Sciences Investments, a subsidiary of Singapore’s Temasek Holdings, among others. China Biologic signed the deal in November 2020, in which the investors had agreed to pay $120 per share in cash to privatise the firm through its merger with CBPO Group Limited. China Biologic will cease to be a publicly-traded company as a result of the deal. ....
Surgical robot developer EDDA raises $150m led by SoftBank Vision Fund 2 Source: Marcel Scholte/Unsplash April 8, 2021 EDDA Technology, a developer of intelligent robotic solutions for precision surgery, has raised $150 million in a round led by SoftBank Vision Fund 2. The company will use the proceeds to further its ambition of combining precision surgery with AI and robotics for better patient outcomes in China and worldwide. Global healthcare investment firm OrbiMed and Hong Kong-based investment manager 3W Fund participated in the investment, alongside EDDA’s existing investors including Morningside Ventures, Matrix Partners China, SoftBank China Venture Capital, Bank of China Group Investment, Trust Bridge, and Draper Dragon, among others. ....
Chinese new energy solutions provider SVOLT closes $541m Series A round Tobias Hans, Minister President of Saarland, Germany said in a press conference on November 17, 2020 that SVOLT Energy Technology plans to build two battery production factories, at a combined cost of about 2 billion euros ($2.4 billion), in Saarland. Source: SVOLT Energy Technology February 26, 2021 SVOLT Energy Technology, a Chinese developer of electric vehicle (EV) batteries and energy storage solutions, has pocketed a total of 3.5 billion yuan ($540.8 million) in a Series A round of financing. The new round was led by Bank of China Group Investment, a Hong Kong-incorporated direct investment arm of Bank of China (BOC), and private equity (PE) firm CMG-SDIC Fund Management. ....