South Korea-based autonomous driving security solutions provider Autocrypt has raised nearly $13 million in a Series A funding round while private equity firm MBK Partners has made an offer to acquire Tsukui Holdings Corporation.
Autocrypt raises $13m Series A
South Korea-based autonomous driving security solutions provider Autocrypt has raised nearly $13 million in a Series A funding round from KB Investment, Pathfinder H, Ulmus Investment, Korea Asset, Hyundai Venture Investment Corp, and IBK.
With this, the firm has raised a total of $15 million in 2020.
The firm will use the funds to enhance its security technology and operations. Besides, it also plans to expand its footprint to the United States and Europe in 2021.
The company claims to have secured smart roadways and highways in South Korea, totaling over 5000 km.
MBK Partners seeks to acquire Tsukui
Private equity firm MBK Partners on Monday announced plans to take Japanese nursing homes operator Tsukui Holdings Corp private through a tender offer. Tsukui has approved a takeover bid made by the PE firm, per a stock exchange filing,
North Asia-focused private equity firm MBK Partners has joined a list of PE firms pursuing the firm, which is said to be valued at JPY66.9 billion ($639 million), AVCJ reported. The company’s board has endorsed a bid of JPY924 per share.
Last year, MBK Partners closed its fifth buyout fund at $6.5 billion.