Chinese grocery app Xingsheng Youxuan raises $2 bln in new funding round sources

Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The fundraising, signed just before the Lunar New Year, was led by Sequoia Capital China and has also attracted property developer China Evergrande Group (3333.HK) and Singapore’s sovereign wealth fund Temasek (TEM.UL), said a separate person with direct knowledge. SurveyMonkey has raised less but had a more successful IPO, floating above its range last week to raise an initial $180m. Tencent and KKR’s KKR Asian Fund III have agreed to lead a $175m investment in Voyager Innovations, a fintech spinoff from telecommunications firm PLDT. Elsewhere in Asia, SoftBank is reportedly in talks to invest between $200m and $250m in India-based Delhivery, one of several companies that have sprung up to feed the rapidly expanding e-commerce sector. Slack has been mooted as one of 2019’s likeliest IPO candidates for months now, but it’s reportedly looking to emulate Spotify and choose a direct listing rather than issuing new shares.

Global Medical Response is a leading provider of medical transportation services formed by bringing together Air Medical Group Holdings and American Medical Response . The company delivers emergency medical and relocation services to patients in their time of need through a fleet of almost 500 air ambulances and 7,000 ground ambulances in the United States, the District of Columbia, and around the world. Cue & Co is a company established by KKR and a co-investment partner to acquire four operating companies in the digital advertising industry of China. Goodpack is the largest provider of multi-modal and re-usable intermediate bulk containers (“IBC”) globally with a fleet of 3.2 million IBCs and over 5,000 delivery and collection points. The Crosby Group is a leading, global provider of lifting and rigging equipment including shackles, blocks, sheaves, hooks, and other engineered solutions.

Another sector that is doing well out of reduced human contact are financial services providers and N26 has wasted no time in adding $100m to a series D round that now stands at $570m. QuantumCTek, a China-based quantum technology spinout of University of Science and Technology of China, is seeking $102m in an initial public offering on the Star Market. It had originally anticipated to raise $42.8m when it first revealed plans to go public in November 2019.

Daimler and BMW are in talks to sell their jointly owned parking-app business Park Now to European rival EasyPark Group. The companies could announce an agreement as soon as the next few weeks, Bloombergreported. Aggreko, a supplier of portable power generators, is in talks about a potential private-equity takeover valuing the company at about $3.1bn.

Billionaire John Grayken’s Lone Star is among private equity firms lining up for all or parts of NatWest Group’s Irish retail unit Ulster Bank, Bloombergreported. “With initial returns on this portfolio of above 25%, and significant new relationships for the Eurazeo Growth team, this is a very significant step for us and validates our vision and the investment model we have built over the years. We are proud that top level international investors trust us with this renewed partnership and look forward to shared success in the years redditfueled penny stock in to come,” Yann du Rusquec, Eurazeo Partner. The company is led by CEO and Chairman Peter Yu, the founder and Managing Partner of Cartesian Capital Group, and CFO and Director Gregory Armstrong, who is a Senior Managing Director at Cartesian. The company plans to target high-growth businesses with proven or potential transnational operations or outlooks in order to capitalize on the experience, reputation, and network of its management team. The New York, NY-based company plans to raise $250m by offering 25m units at $10.

GIC-backed Indonesian online travel start-up Traveloka plans to list in the US via a special-purpose acquisition company in 2021. NIIF is competing with infrastructure investors Brookfield and Actis to acquire highways infrastructure firm Ashoka Concessions. Its infrastructure focused Master Fund reached a final close of $2.34 billion in December 2020 and its fund of funds raised $100 million from the New Development Fund in February, bringing its total commitments to $800 million.

Funding Circle has gone public in London, in a $576m initial public offering that included $184m of share sales by the online lending platform’s shareholders. Traveloka, an Indonesian company that has grown into a leading holiday and travel services booking platform for Southeast Asia, is in talks with unnamed investors to raise $400m. Online film ticketing platform Maoyan has set the terms for its initial public offering in Hong Kong and will raise approximately $344m if it floats at the top of its range.