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Announced

Completed

Oceanpine Capital led a $1bn Series E financing round in Chipone Technology.

Financials

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Transaction Value£755m
Consideration TypeCash
Capital Owned-
Capital Bid For21%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Acquisition

China

Minority

Cross Border

Single Bidder

Friendly

chip design

Private Equity

Venture Capital

Electronic Components and Equipment

Completed

Synopsis

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Oceanpine Capital, a professional investment management firm, led a $1bn Series E financing round in Chipone Technology, a Chinese chip designing firm, with participation from CCB International, an investment services provider, GGV Capital, a global venture capital firm, and Prosperity Investment, a firm with the specific aim of managing the wealth of individuals. "The proceeds from this new round will be used to increase our continued investment in R&D, team expansion, and new technology development. It will help the company build long-term partnerships with key suppliers and provide a stable, secure , and sustainable chip supply chain to the global display industry," Zhang Jinfang, Chipone Chairman and CEO.

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