Deal focus: Go Scale out to dominate global LED
Go Scale Capital, a China-based investment fund sponsored by GSR Ventures and Oak Investment Partners, wants to build the world's largest LED company. It has now announced two notable deals in the space, most recently the sale of a majority stake in its portfolio company, Lattice Power, to Shunfeng International Clean Energy (SFCE).
Go Scale and its fellow investors in Lattice, which include GSR, Asia Pacific Resources Development (APRD), Crescent Point, Temasek Holdings and Mayfield, will receive HK$2.04 billion ($263 million) worth...
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