Aurelius acquires Cromwell; JIC leads CraftBank round

Deal Wrap is updated as of 3 p.m. ET.

– AURELIUS Equity Opportunities SE & Co. KGaA is set to acquire machinery and equipment wholesaler Cromwell Tools Ltd. from W.W. Grainger Inc.

– JIC Venture Growth Investments Co. Ltd. led a $14.59 million funding round for CraftBank Inc., developer of business management software for the construction industry.

– Wuxi Capital Group Co.Ltd., Wuxi Guolian Xinchuang Private Equity Fund Co. Ltd. and HighLight Capital co-led a $14.04 million funding round for semiconductor business Zhejiang Ashset Semiconductor Equipment Co. Ltd., according to S&P Global Market Intelligence data.

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