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New Deal


Announced

RISE Education Cayman to acquire Dada Auto for $587m.

Financials

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Transaction Value£433m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

electric vehicle charging

Majority

Single Bidder

China

Auto Services

Pending

Friendly

Acquisition

Synopsis

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RISE Education Cayman agreed to acquire Dada Auto, an electric vehicle charging provider, for $587m. "I am thrilled about this very unique merger opportunity. Over the past two years, NaaS has grown tremendously with the tailwind of a booming EV market in China. The combined company will be well positioned to further this growth trend, with access to capital market," Cathy Wang, Dada Auto CEO.

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