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New Deal


Announced

Completed

CICC led a $200m series D funding round in DST Car.

Financials

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Transaction Value£146m
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

Completed

Specialty Retailers

China

ev operations

electric vehicles

Venture Capital

Private Equity

Domestic

Minority

Private

Friendly

Synopsis

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CICC. a private equity firm, led a $200m series D funding round in DST Car, an electric vehicle rental and services provider. Additional investor include Ingka, the parent of IKEA. The capital will be used to spruce up the company’s supply chain, digital platform and network operation.

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