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New Deal


Announced

Completed

Sigma Delta Partners and Goldman Sachs Asset Management led a Series D funding round in Yigongli.

Financials

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Transaction Value-
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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Private

Private Equity

Cross Border

China

car wash

Acquisition

Venture Capital

Minority

Completed

Friendly

Auction

Auto Services

Synopsis

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Sigma Delta Partners and Goldman Sachs Asset Management led a Series D funding round in Yigongli, a smart car wash system developer. Financial terms were not disclosed. As part of the value add from the new investors, the investment and advisory services unit of Goldman Sachs will help YGL “pave the way” for the firm’s plans of expanding globally and attracting international high-end talent. SDP Investment is expected to leverage its real estate capabilities to help select and acquire new locations for YGL’s car wash facilities.

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