Shanghai International Group’s Sailing Capital Invests In Mobileye

Mobileye, a company making camera-based advanced driver assistance systems, says it has obtained approximately US$400 million investment from five international investors, according to a public release.

Shanghai International Group‘s Sailing Capital Management is among the five investors. No disclosure is made regarding how much capital each investor made.

The deal values Mobileye at US$1.5 billion. The five investors are likely to have acquired roughly 27% of the company combined.

According to media reports, the other four investors are BlackRock Inc, Fidelity Investments, Wellington Management Co. and car rental company Enterprise Holdings Inc.

Sailing Capital Management is controlled by Shanghai International Group, a large state owned financial holding company.

Established in September 2011, Sailing Capital Management enjoys substantial support from the Shanghai municipal government. The firm manages a fund with total capital of RMB50 billion and first-round fund of RMB12 billion.

The Mobileye deal is expected to close in August.

Founded in 1999, Mobileye has a development center in Jerusalem and offices in the Netherlands, the United States, Japan and Cyprus.