Tech Company Financing Transactions
Lenovo Group Limited Funding Round
Lenovo Group Limited closed a $350 million investment round on 5/17/2005. Investors included General Atlantic and TPG Capital.
Transaction Overview
Company Name
Announced On
5/17/2005
Transaction Type
Venture Equity
Amount
$350,000,000
Round
Undisclosed
Investors
General Atlantic (Lead Investor) (William Grabe)
TPG Capital (Lead Investor) (James Coulter)
Proceeds Purpose
Lenovo is using approximately US$150 million of the total amount raised from the strategic investment to repurchase stock from IBM as part of the terms of its acquisition of IBM's PC business. The remaining balance of approximately US$200 million will be used for general corporate purposes.
Company Information
Company Status
Publicly-held
Industry
Electronics
Mailing Address
23rd Floor Taikoo Pl. 979 King's Rd.
Quarry Bay, Undisclosed
Hong Kong
Quarry Bay, Undisclosed
Hong Kong
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Lenovo (OTC: LNVGY) is an innovative, international technology company formed as a result of the acquisition by the Lenovo Group of the IBM Personal Computing Division.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Chuanzhi Liu
Chief Executive Officer
Yang Yuanqing
Chief Financial Officer
Wai Ming
Chief Operating Officer
Gianfranco Lanci
Chief Technical Officer
Yong Rui
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