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Announced

Completed

Baring Private Equity led a $198m Series D round in Codemao.

Financials

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Transaction Value£149m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Private

Friendly

education software solutions

Single Bidder

Venture Capital

Education Services

Minority

Completed

China

education services provider

Private Equity

Cross Border

Synopsis

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Venture capital firm Baring Private Equity led a $198m Series D round in Codemao, a coding education startup. Additional investors in the round include Bank of China, CITIC Securities, Goldstone Investment, Wens Investment, Sino-Ocean Capital, Greater Bay Area Homeland Investments, Youshan Capital, and Hillhouse Capital. Shenzhen Dianmao Technology, the company behind Codemao, said it will continue to focus on improving technology, content development and building talent teams.

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