UK-based commercialisation firm IP Group is set to receive $30m from China-based internet company Beijing Galaxy World Group (Galaxy Group) as part of the former’s efforts to raise £207m ($264m).
The deal is expected to close no later than August 18 2017. Galaxy Group, founded in 2005, will look to cooperate with IP Group to identify co-investment opportunities and to explore collaborations in China and the UK.
Galaxy Group operates four distinct business units: an incubator and investment arm, a…
