Weekly investors roundup: GIC leads $135 million fundraiser for energy storage company Powin; Canadian fund Aimco to set up Singapore office for regional expansion
Singapore's GIC leads a $135 million fundraising round for US-based energy solutions firm Powin; Alberta Investment Management Corp is setting up its first Asian office in Singapore with an eye on Asian private equity; Ontario Teachers’ Pension Plan Board will acquire a 70% stake in New Zealand's TowerCo; and more.
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Global energy storage solutions provider Powin has announced a $135 million growth equity investment led by Singapore’s sovereign wealth fund GIC, with participation from existing investors, according to a company statement on July 14.
The Oregon-headquartered company did not disclose its valuation and the total amount of funding it has raised so far. In February 2021, Powin received more than $100 million in equity funding from Trilantic Energy Partners No…
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