1. News
May 11, 2018updated 10 May 2018 10:58am

Deals this week: iprice group, Suning Commerce Group, CVS Health Corporation

iprice group has raised funds through a funding round led by LINE Ventures.

iprice group has raised funds through a funding round led by LINE Ventures.

The round also witnessed participation from Cento Ventures and Venturra.

Founded in 2014, iprice group is an e-commerce service provider based in Malaysia.

Suning Commerce Group has secured CNY8bn ($1.25bn) through a second tranche corporate bonds offering, which will be used to repay its debt.

CITIC Securities is the lead underwriter, bookkeeping manager and bond trustee for the transaction.

The bonds will mature on 8 May 2021.

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CVS Health Corporation, through its subsidiary, has entered an agreement with Fred’s to acquire certain assets of EntrustRx.

The purchase consideration includes $40m and an amount equivalent to the inventory value of EntrustRx.

“LG Electronics intends to raise KRW200bn ($185.3m) in debt offering of shares, which will be used for the acquisition of ZKW Group.”

CVS Health is a provider of integrated pharmacy healthcare services while EntrustRx is a pharmacy unit of Fred’s.

Covington Associates is the financial adviser, while Bass, Berry & Sims PLC is the legal adviser to Fred’s for the transaction.

All the companies involved in the transaction are based in the US.

ThinOptics has raised $0.5m through a venture funding round led by Lenskart Solutions.

Based in the US, ThinOptics is a provider of reading glasses with a smartphone case, while Lenskart Solutions is an Indian online retail platform for eyewear.

LG Electronics intends to raise KRW200bn ($185.3m) in debt offering of shares, which will be used for the acquisition of ZKW Group.

Based in South Korea, LG Electronics provides a wide range of electronic products, including consumer electronics, home appliances, IT hardware and mobile communications.

The transaction is scheduled for completion by the end of this month.

Groupe Bruxelles Lambert and its subsidiary GBL Energy Sarl have disposed a 6.6% stake in Burberry Group plc, through a £498m ($674.77m) private placement of shares.

The private placement involved the issue of 27.6 million shares of Burberry Group.

Based in the UK, Burberry Group manufactures and sells apparel, accessories and beauty products.

Groupe Bruxelles Lambert is a Belgian holding company, while Groupe Bruxelles Lambert is a holding company based in Luxembourg.

The funds will be used for other investments, which is in line with its portfolio diversification strategy.