EQT Mid Market Asia Takes 10% Stake in VBill
February 13, 2019
EQT Mid Market Asia (through its Mid Market Asia III fund) agreed to acquire a 10% primary equity stake in VBill, a Beijing-based third-party payment service provider and merchant acquirer in China. The minority investment will support VBill's continued SME and lower-tier city expansion, development of fintech-enabled consumer lending and potential international growth alongside VBill's founding management and parent Hi Sun Technology.
- Buyers
- EQT Mid Market Asia (EQT Mid Market Asia III fund)
- Targets
- VBill Limited
- Industry
- Financial Services
- Location
- Beijing, China
- Transaction Type
- Growth capital
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