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Announced

Completed

Qianhai FOF led a $122m round in Soudian.

Financials

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Transaction Value£88m
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

Venture Capital

Domestic

Private Equity

equipment rental

Minority

Rental Services: Consumer

China

Completed

Friendly

Synopsis

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Qianhai FOF, a fund of funds, led a $122m round in Soudian, a takeaway power bank rental startup for smartphones. Other investors include CITIC Securities, a provider of securities services, and Oriental Fortune Capital, a venture capital investment firm. The company will use the proceeds to spruce up market development and product innovation. Soudian is looking to expand its power bank rental services beyond smartphones.

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