Swedish electric car maker Polestar has raised $550m in a round led by Chongqing Chengxing Equity Investment Fund Partnership, Zibo Financial Holding and Zibo Hightech Industrial Investment.
Hydraulic cylinder producer is the third deal of 2021 from the GP's Enact strategy
BaltCap's exit comes seven years after the GP acquired a 75% stake in Ecoservice for €16.4m
Round sees participation from Generation Investment Management, Aglaé, Eurazeo, Goldman Sachs and Daphni
GP acquired the packaging producer from Capiton in 2016 and will retain a 20% stake in the business