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Announced

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Tencent led a funding round in New Ruipeng at a $4.4bn valuation.

Financials

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Transaction Value-
Consideration TypeCash
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EV/EBITDA-
Share Price Premium-
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Completed

Minority

Friendly

pet care

China

Cross Border

Acquisition

Venture Capital

Private Equity

Health Care Services

Private

Single Bidder

Synopsis

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Chinese multinational technology conglomerate Tencent led a funding round in New Ruipeng, a Shenzhen-based pet medical and beauty care hospital operator, at a $4.4bn valuation. The round saw participation from Country Garden Venture Capital, Boehringer Ingelheim, Snow Lake Capital, OrbiMed, Aspex Management, and Lake Bleu Capital. The Shenzhen-based company said it plans to use the new capital to help facilitate its primary care networks, improve its medical system, and strengthen its smart retail ecosystem through WeChat.

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