Announced
Completed
Financials
Sources
Tags
China
Equipment Rental
Minority
Completed
Private
Friendly
equipment leasing
Domestic
Single Bidder
Acquisition
Venture Capital
Private Equity
Synopsis
Source Code Capital and Starnach Capital led a $460m Series C round in Zhongneng, a domestic one-stop engineering equipment leasing platform, with participation from Shanghai North High-tech, Yimei Capital, Fuyu Venture Capital, Ruixiang Capital and Yibo Finance. "Zhongneng United is a leader in the field of industrial Internet and a representative enterprise of intelligent construction machinery industry. After continuous innovation and iteration, the company reconstructed the new ecology of the leasing industry," Cao Yi, Source Code Capital Founding Partner.
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