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October 26, 2018

Deals this week: Kimball, Change Clothing Technology

Kimball has entered a definitive agreement for the acquisition of the assets of David Edward.

Kimball has entered a definitive agreement for the acquisition of the assets of David Edward.

Kimball is a producer and marketer of furniture for offices, educational institutions and hospitality facilities, while David Edward is a designer and manufacturer of contract furniture.

Upon completion of the transaction, David Edward will work independently and sell through its independent representatives and authorised dealers.

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

Change Clothing Technology has raised $3.6m through a Pre Series A funding round led by DT Capital Partners and Zhencheng Capital.

“Xinyu Group aims to expand its footprint in the Chinese market through a partnership with JD.com.”

Clothing technology start-up Change Clothing Technology provides wearable flexible screens, while DT Capital Partners is a private equity and venture capital firm.

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

100 Thieves has raised an undisclosed amount through a Series A funding round led by Drake and Scooter Braun.

The funding round has also involved participation from Sequoia Capital, WndrCo, Marc Benioff, Tao Capital, Green Bay Ventures and Advancit Capital.

Based in the US, 100 Thieves is a lifestyle, apparel and esports brand.

The latest round brings the total funding secured by the company to $25m.

Xinyu Group aims to expand its footprint in the Chinese market through a partnership with JD.com.

Xinyu Group is an international watch retailer, while JD.com is an e-commerce retailer based in China. The partnership enables both companies to collaborate on product sales, after-sales services and business development.

Xinyu’s watchmakers will use JD’s warehouses in Beijing, Shanghai, Guangzhou and Chengdu, aiming to strengthen its after-sales service offerings.

The customers will also receive in-house watch repair and maintenance services, as a part of the scheme.

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