PE-backed Chinese horse breeder gets Series B round
China’s largest non-farming horse breeder and horse feedstock trader has received RMB45 million ($7.3 million) from CDF Capital as part of a Series B round of funding. This comes nine months after the company’s RMB120 million Series A round, half of which was contributed by SMC Capital China, a subsidiary of Hong Kong-based private equity and alternative asset manager Simon Murray Group.
Originally known as Khorchin Rider Horse, the company was restructured as Inner Mongolia Rider Horse Industry after its Series A round. San Eng, a partner with SMC, said that the company has seen tremendous...
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