Hong Kong-listed Shunfeng International Clean Energy Limited has agreed to acquire 59% of Chinese LED lighting producer Lattice Power, backed by several venture and private equity investors, for over HK$2.04 billion (US$263 million), according to a securities filing.
The sellers include an entity affiliated with Crescent HydePark, GO Scale Capital, which is an investment fund sponsored by GSR Ventures and U.S. private equity firm Oak Investment Partners, as well as GSR Ventures, Mayfield Fund, and Singapore’s Temasek Holdings.
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