American car rental giant, the Hertz Corporation, has agreed to acquire an approximately 20% stake in China Auto Rental (CAR), a Chinese car rental company headquartered in Beijing. The amount and the valuation of the investment are not available.
During the second quarter, 154 private equity funds reached final closings globally, raising an aggregate US$122 billion. This is the highest fundraising value since the fourth quarter of 2008 when US$171 billion was raised, according to data compiled by Preqin, a London-based investment research firm.
Beijing-based Amcare Women’s & Children’s Hospital says Warburg Pincus has invested in the high-end Chinese hospital chain.
Beijing-based Chinese online classified ads website 58.com has filed for a US$150 million IPO on the New York Stock Exchange.
58.com Inc., China’s online classified ads and marketplace, says that it has priced its initial public offering of 11,000,000 American Depositary Shares (ADS) at US$17.00 for a total offering size of US$187 million.
Beijing-based Amcare Women’s & Children’s Hospital has received investment totaling US$100 million from investors including lead investor Warburg Pincus, according to media reports.
Shanghai-based Chinese warehousing developer e-Shang says that the company has entered into a financing agreement with Goldman Sachs. Under the agreement, Goldman Sachs will provide a US$120 million pre-IPO loan to e-Shang to help the company capitalize on the growth opportunities in the logistics sector in China, according to a company announcement.
Beijing-based property developer Sunshine 100 is planning an IPO in Hong Kong to raise as much as US$300 million, according to a prospectus of the company.
Beijing-based same-city courier service O2O (online-to-offline) platform Yunniao.me has received US$100 million series C financing round led by Warburg Pincus, according to Chinese media reports. Existing investors Matrix Partners, Sequoia Capital and GSR Ventures also participated in the round. The company says it will use the proceeds on research and development, as well as expanding its services to more cities from its current 16-city network in China. Founded in September 2014, Yunniao.me received US$10 million series A financing from Matrix …
Warburg Pincus’ former head of China and North Asia, Chang Sun, is not launching an agriculture-focused private equity fund. Instead, Sun has turned himself into an entrepreneur, starting an agriculture business to cultivate staple grains in China’s Heilongjiang province, he told China Money Network in an exclusive interview today in Hong Kong.
In this episode of China Money Podcast, guest Chang Sun, founder and chairman of Black Soil Group Ltd., speaks to our host Nina Xiang about why he left private equity to start up his own agricultural business in Heilongjiang province. The former Asia head of Warburg Pincus also shares his plans to create social impact and make money by improving grain production. He also shares the challenges he faces transitioning from a high-flying dealmaker to a businessman with a passion …
Shanghai-based logistics real estate developer e-Shang Cayman Ltd, co-founded by private equity firm Warburg Pincus, says it has completed an all-stock merger with peer, Redwood Group Asia, Pte. Ltd., according to an announcement. Deal terms were not disclosed. The combined e-Shang Redwood will become one of the largest logistics real estate companies in Asia with over 3.5 million square meters of projects owned and under development across China, Japan and South Korea, completing an impressive growth trajectory for the five-year-old …
Chang Sun, founder and chairman of Black Soil Group Ltd., formerly Warburg Pincus’ chairman of North Asia, tells China Money Podcast host Nina Xiang why he chose to make a 180-degree career shift after a 25-year Wall Street career. (Special thanks to the Hong Kong Venture Capital and Private Equity Association for providing an interview venue at the Hong Kong Convention and Exhibition Center.)
Chang Sun, founder and chairman of Black Soil Group Ltd., formerly Warburg Pincus’ chairman of North Asia, tells China Money Podcast host Nina Xiang that his objective is to establish a modern agriculture business combining finance and Internet and to improve productivity from consolidating land and scaling up operations. (Special thanks to the Hong Kong Venture Capital and Private Equity Association for providing an interview venue at the Hong Kong Convention and Exhibition Center.)
Chang Sun, founder and chairman of Black Soil Group Ltd., formerly Warburg Pincus’ chairman of North Asia, tells China Money Podcast host Nina Xiang that he plans to list two agriculture businesses in the next three years. (Special thanks to the Hong Kong Venture Capital and Private Equity Association for providing an interview venue at the Hong Kong Convention and Exhibition Center.)
Shanghai-based logistics real estate developer e-Shang Warehousing Services Co., co-founded by private equity firm Warburg Pincus, is seeking an initial public offering in Hong Kong to raise around US$1 billion, according to the Wall Street Journal citing people familiar with the matter.
Warburg Pincus and D&J Industrial Property (China) Investment Co. Ltd. announced that the private equity firm and D&J China’s founder Sun Dongping are to invest US$220 million in D&J China’s series B funding round, according to a company announcement.
Private equity firm Warburg Pincus has trimmed its stake in NASDAQ-listed China Biologic Products again, selling a 16% stake for US$425.7 million, according to a company announcement.
Warburg Pincus LLC is planning to raise US$2 billion for a new China private equity fund to invest alongside its latest US$12 billion global fund, according to media reports citing people familiar with the matter.
David Li, former head of China at Warburg Pincus LLC, has joined mobile app-based chauffeured car service firm Ucar Group as vice chairman while the company plans an initial public offering this year.
Warburg Pincus LLC is seeking to list portfolio company Shanghai-based cancer treatment firm Hygeia Medical Service Group on China’s New Third Board and eventually plans to move the company to the A-share market via a reverse merger, according to someone familiar with the matter.
AVIC Trust Co., Ltd., a division under state-owned Aviation Industry Corporation of China (AVIC), has led a nearly US$300 million series C round of financing in Shanghai-based apartment rental service franchise Mofang Apartments.
D&J Industrial Property (China) Investment Co. Ltd., a business park and suburban office operator majority-owned by Warburg Pincus, has agreed to acquire a 40% stake in Chinese real estate investment management firm KaiLong Group, according to a company announcement.
Warburg Pincus plans to open an office in Singapore to further identify and evaluate growth investment opportunities across Southeast Asia, the global private equity giant announced today. The office, subject to regulatory approval, is expected to be officially opened in July.
Ucar Group, a mobile app-based chauffeured car service unit launched by Chinese rental car firm Car Inc., saw losses increase 74%, or RMB1 billion (US$150 million), during the first half to RMB2.37 billion (US$356 million), according to a newly released half-year report (in Chinese).
Warburg Pincus and Vietnam-focused private equity firm VinaCapital have launched a joint venture to invest and develop hospitality projects across Southeast Asia, according to an announcement.
D&J Industrial Property (China) Investment Ltd., a business park and suburban office developer and operator majority-owned by Warburg Pincus, has launched an investment fund with AVIC Trust to invest in industrial infrastructure in China.
Warburg Pincus has closed a US$2 billion China fund; a companion fund to its twelfth global private equity fund that closed in late 2015 with US$13.4 billion in total commitments.
A group of Chinese investors have invested US$300 million in Warburg Pincus-backed Asian logistics property devleoper e-Shang Redwood, as the company prepares for an initial public offering this year, it said.
Chinese Internet giant Tencent Holdings Ltd. and Warburg Pincus have led a US$215 million series D funding round in Mobike, a Chinese smart bike-sharing company. New strategic investors including China’s largest travel company Ctrip, TPG, and Chinese hotel operator Huazhu Hotels Group, as well as existing investors Sequoia Capital China and Hillhouse Capital also participated.
Warburg Pincus-backed Asian warehouse developer and operator e-Shang Redwood has agreed to buy an 80% indirect stake in the manager of Cambridge Industrial Trust from National Australia Bank and investment firm Oxley Group, the firms said today.