Ant Financial, Alibaba Group's financial services affiliate, has raised $14bn in series-C funding from investors including GIC Private, Warburg Pincus, The Carlyle Group, Silver Lake, and Canada Pension Plan Investment Board (CPPIB).
Argos Wityu, which owned a majority stake in the business since 2017, becomes a minority stakeholder
In addition, Agroponiente bolts on Lara Castañeda and increases its stake in Vegacañada
Development comes three years after the GP invested £8m in the construction equipment business
Existing investor Bayern Kapital also takes part alongside new investor Vesalius Biocapital