Commodities

Textile tech firm NTX raises $200 million led by China's Centurium Capital

Textile tech solutions company Next Technologies & Xvantages (NTX) raised nearly $200 million in its latest fundraising led by Chinese private equity firm Centurium Capital to finance growth, the Singapore-based firm said on Monday.

HONG KONG, Aug 1 (Reuters) - Textile tech solutions company Next Technologies & Xvantages (NTX) raised nearly $200 million in its latest fundraising led by Chinese private equity firm Centurium Capital to finance growth, the Singapore-based firm said on Monday.

NTX, a supplier of global brands, including Adidas, has also attracted existing shareholder NRL Capital to join the fundraising, it said in a statement.

The proceeds will be used to finance NTX's growth and accelerate its expansion in Southeast Asia, where it already has a presence in countries including Cambodia, Indonesia, Thailand and Vietnam, the statement said.

The deal also marks one of the largest investments by Centurium this year.

The Beijing-based investment firm in January became the controlling shareholder of Luckin Coffee, after acquiring shares that were previously owned by the coffee chain's founders.

(Reporting by Julie Zhu; editing by Barbara Lewis)

((julie.zhu1@thomsonreuters.com; +852 2843 6519; Reuters Messaging: julie.zhu1.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More