1. News
May 18, 2018

Deals this week: Trusty Cars, CB Marathon Opco, Listia

Trusty Cars (Carro) has raised $60m in a Series B funding round led by Softbank Ventures Korea, Insignia Ventures Partners and B Capital Group.

Trusty Cars (Carro) has raised $60m in a Series B funding round led by Softbank Ventures Korea, Insignia Ventures Partners and B Capital Group.

The funding round also involved participation from Manik Arora, Venturra Capital, Singtel Innov8 Ventures, Golden Gate Ventures and Alpha JWC Ventures.

Based in Singapore, Trusty Cars is an online platform used to buy and sell pre-owned cars.

CB Marathon Opco has agreed to acquire all the assets of The Rockport Group.

CB Marathon Opco is an affiliate of Charlesbank Equity Fund IX, Limited Partnership, while The Rockport Group is a designer and producer of footwear and accessories.

Charlesbank will bid for the assets of Rockport for $150m.

The agreement also includes Rockport’s global wholesale assets and e-commerce platform, as well as Asian and European retail operations.

“The transaction will enable Noni B to improve its customer experience, physical stores and online unit.”

Listia has secured venture financing from ConsenSys Ventures.

Listia is a free online marketplace and mobile application used to buy and sell goods between individuals, while ConsenSys is a venture capital firm.

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

Zhongzhuangsupei has raised funds through an angel funding round led by Shenzhen Oriental Fortune Capital.

Zhongzhuangsupei is an e-commerce firm, while Shenzhen Oriental Fortune Capital is a venture capital firm.

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

Lyst intends to raise between £50m ($67.68m) and £100m ($135.36m) from LVMH Moet Hennessy Louis Vuitton SE (LVMH).

Lyst is a UK-based fashion e-commerce platform, while LVMH is a French luxury goods producer and marketer.

Noni B has entered an agreement with Specialty Fashion Group to acquire the assets and businesses of Millers, Katies, Crossroads, Autograph and Rivers for A$31m ($23.37m).

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

Noni B also intends to raise A$24.5m ($18.47m) in a private placement of shares and A$15.5m ($11.68m) in a non-renounceable entitlement offer.

Scheduled for completion in July, the transaction will enable Noni B to improve its customer experience, physical stores and online unit.

Good Eggs has secured $50m through a Series C funding round led by Benchmark Capital.

The funding round has also involved participation from Index Ventures (UK) LLP, Obvious Management Services, S2G Ventures, DNS Capital, Uprising, and Collaborative Fund.

Good Eggs is an American online retailer of food products, while Benchmark Capital is a UK-based advisory support services provider for businesses.

The firm intends to use the funds for further expansion in the Bay Area, which will add 750 new jobs.

Berkshire Hathaway subsidiary Helzberg Diamonds has collaborated with BTM Global to install Oracle Retail Order Broker and Oracle Retail Customer Engagement solutions in its US stores.

Helzberg Diamond is an American retailer of luxury jewellery, including diamond jewellery, wedding rings, three-stone jewellery and coloured gemstones.

Helzberg Diamonds will combine Oracle Retail technology with third-party solutions to provide a similar shopping experience to its customers.

AgroFresh Solutions has partnered with Shenzhen Pagoda Orchard Industrial Development (Pagoda) to open an innovation centre in China.

To be situated at a Pagoda distribution centre in Guangdong, the innovation centre will be used to develop solutions to increase the freshness and quality of fresh produce.

It will also be home to conduct research and identify problems associated with fruit quality, as well as to offer insights and solutions to promote freshness.

The partnership enables AgroFresh to expand into new markets and provide solutions for improving fruit quality.