Consumer

Coca-Cola paid $5.6bn for the 85% of the sports drink brand it did not already own, having invested an undisclosed amount three years ago.

Corporate-backed financial remittance network operator Lightnet netted over $48m while Callaway Golf Company invested $30m in indoor golfing chain Five Iron Golf.

The Amazon, Carrier, AGL Energy and Just Energy-backed smart thermostat producer is set to be taken over by Generac Holdings in a deal that could reach $770m.

Cell therapy developer Hopstem completed a $40m Eli Lilly-backed series B round while cybersecurity technology developer SlashNext secured $26m from investors including Telia and Ayala Group.

China Telecom was among the participants in a round for the smart home device maker which will support international growth and research and development.

The brand aggregator's investment vehicle fund is tasked with acquiring small majority stakes in local consumer businesses.

The early learning toy provider secured series C funding with backing from Alphabet to boost its international growth.

E-commerce fulfilment technology provider Fabric closed a series C round, backed by Koch Industries and Harel Insurance and Finance. This is one of the latest sizeable rounds in the still booming e-commerce space.

Wells Fargo Strategic Capital took part in a $52.5m round for digital mortgage platform developer Maxwell while corporate-backed music distributor UnitedMasters closed a $50m series C.

Advance Publications and American Express scored exits as the fashion subscription service floated at the top of its range in an upsized offering.

Cybersecurity software developer Sonrai Security, small business insurance provider Coterie and fashion brand Love, Bonito each raised $50m in corporate-backed rounds.