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Zhong Lun Assists Oriza Prior-Wuxi Jingkai Shangxian Emerging Industry Equity Investment Fund (LP) in Completing CNY 1 Billion Investment in Minospace
Zhong Lun Assists Oriza Prior-Wuxi Jingkai Shangxian Emerging Industry Equity Investment Fund (LP) in Completing CNY 1 Billion Investment in Minospace
On June 24, 2024, Beijing Minospace Technology Co., Ltd. (“Minospace”) announced the successful completion of its C1 round financing of CNY 1 billion (“Transaction” or “Project”). This Transaction was led by Oriza Prior-Wuxi Jingkai Shangxian Emerging Industry Equity Investment Fund (LP)(”Lead Investor”), with follow-up investment from Wuxi Liangxi Science and Innovation Industry Investment Fund Partnership (LP) (managed by Broad Vision Funds) and continued support from Minospace's existing shareholder Qingdao Huizhu Amphora.
Zhong Lun Law Firm, as the legal advisor for the lead investor in this Transaction, Oriza Prior-Wuxi Jingkai Shangxian Emerging Industry Equity Investment Fund (LP), provided comprehensive legal services ranging from legal due diligence investigation to transaction structure design, transaction documents drafting and revising, negotiation, as well as closing. The Project team was led by partner Shiwei Zhang, with non-equity partner Siqi Lu managing the Transaction. Also included in the team were associates Shuo Li, Wenchao Chen, and Peiyan Yan.
Wuxi Jingkai Shangxian Emerging Industry Equity Investment Fund (LP) was co-founded by Wuxi Jinyi Private Equity Fund Management Co., Ltd. and Oriza Prior, with a total scale of CNY 5 billion and Oriza Prior as the fund manager. By maintaining a strategic emphasis on the five major industrial ecosystems within the Wuxi Economic Development Zone (“WEDZ”) and the four future-oriented industries of “aerospace, biology, humanoid robotics, and artificial intelligence” and following the strategy of “enhancement, supplementation, and extension of the industrial chains", Wuxi Jingkai Shangxian Emerging Industry Equity Investment Fund (L P) primarily invests in major industry projects within the WEDZ under the principle of “policy guidance and market operation”.
Founded in 2017, Minospace, a commercial aerospace unicorn company, focuses on the independent R&D and manufacture of satellite platforms and core components. Equipped with the capabilities of whole satellite design and integrated testing, Minospace has accumulated experience in the development of satellite systems such as electronic communications and optical payloads.
