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Announced

Completed

ABC International led a $278m round in Hithium.

Financials

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Transaction Value£245m
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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energy storage

Domestic

Minority

China

Completed

Storage Terminals

Acquisition

Venture Capital

Friendly

Private

Private Equity

Synopsis

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ABC International, an investment banking unit of the Agricultural Bank of China, led a $278m Series B round in Hithium, an energy storage startup, with participation from Matrix Partners China, Fenghe Capital, Dayone Capital, and Chengtun Mining Group. Hithium is a high-tech enterprise formally established in 2019, specializing in the R&D, production and sales of lithium-ion battery core materials, LFP energy storage batteries and systems. Hithium is committed to providing safe, efficient, clean and sustainable green energy solutions for the world.

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