11/18/2021 | Press release | Distributed by Public on 11/17/2021 21:20
Lead investor, Primavera Capital Group, is China's second-largest private-equity firm, and this transaction marks its first Southeast Asian investment.
Love, Bonito will use the funds from this exercise to fuel category diversification, strengthen its presence in existing markets and further its international expansion into jurisdictions including Hong Kong SAR, Japan, Philippines and the United States.
The Linklaters team was led by corporate partner and global co-head of TMT Niranjan Arasaratnam with support from managing associate Gary Beh.
Corporate partner Niranjan Arasaratnam, commented:"Singapore has one of the fastest growing start up communities in the world and we look forward to continuing to assist companies such as Love, Bonito in navigating this innovative market."
Corporate managing associate Gary Beh, commented:"We are excited to have supported Love, Bonito on this milestone fundraising - a testament to its continued growth in this challenging market."
Linklaters has a long-standing relationship with Love, Bonito having advised them on their Series B financing, where they raised US$13m in 2018.