GIC, Singapore’s sovereign wealth fund, will partner with Nova, a Shanghai-based investment manager co-founded by Warburg Pincus, to establish a RMB4.3 billion (US$675 million ) rental apartment platform in China.
An affiliate of Warburg Pincus has led a US$44 million series C round in Sensors Data, a Chinese company providing user behavior data analytics platform and insights to enterprise clients.
Chinese apartment rental service provider Ziroom has raised a RMB4 billion (US$622 million) series A round led by Warburg Pincus, Tencent and Sequoia Capital China, according to its WeChat official account.
American private equity firm Warburg Pincus’s affiliate and Genesis Capital have invested US$120 million in a series D round in Chinese online tutoring start-up Zhangmen, the company announced in a press release today.
Warburg Pincus today announced it has raised Warburg Pincus Financial Sector, L.P. with US$2.3 billion. The fund, launched in June 2017 with a target of US$1.6 billion, is a companion fund to Warburg Pincus XII, L.P., a US$13.4 billion private equity Fund that closed in late 2015.
Private equity firm Warburg Pincus has led a US$180 million series D round in D&J Industrial Property China Investment Ltd., a Chinese business park and suburban office developer.
Warburg Pincus has acquired a 49% stake in asset management company Fortune SG from Societe Generale. The deal sees Societe Generale exit from Fortune, a joint venture it established in 2003 in partnership with a unit of Baosteel Group, creating one of China’s first sino-foreign joint venture fund management companies. No financial details were disclosed.
TPG announced today that it has named Chang Sun as managing partner, China. Chang Sun was most recently the founder of Chinese agricultural business Black Soil Group Ltd and was chairman, Asia Pacific at Warburg Pincus before that. In his new role, Chang Sun will oversee TPG’s investment activities in China across TPG Capital Asia, TPG Growth, and The Rise Fund.
Warburg Pincus has committed a US$183 million follow-on investment into Nova Property Investment Co. Ltd, a Chinese rental apartment operator and asset manager. The investment follows Warburg’s initial US$170 million capital injection into Nova in 2015 to help the firm build up its portfolio.
Warburg Pincus has led a RMB 130 million (US$19 million) series B+ round in GaiaWorks, a workforce management system developer, with participation from Matrix Partners China and Genesis Capital.
Global private equity giant Warburg Pincus is set to acquire a 49% stake in Fortune SG Fund Management Co., Ltd., a Sino-foreign joint venture fund management company, from French banking and financial services firm Societe Generale Group (SG Group).
Warburg Pincus has led a US$60 million series B financing round in Geek+, a Beijing-based logistics robot developer whose technology, similar to Amazon’s Kiva robot, is designed to improve automation at warehouses. Existing shareholders including Volcanics Venture also participated in the round, which is the largest single round of fundraising in the logistics robot industry globally to date, says Warburg in an announcement. The new round follows a RMB100 million (US$14 million) series A+ round in Geek+ led by Vertex …
Global private equity giant Warburg Pincus has led a US$64 million investment round in Trax, a Singapore-based computer vision company that aims to provide in-store execution, market intelligence and data solutions for retailers and other companies.
Global private equity giant Warburg Pincus has led a US$120 million new funding round in Yuanfudao, a K-12 online learning and teaching platform in China formerly known as Yuantiku, in the largest investment deal to date in the K-12 online learning sector in China.
Warburg Pincus LLC has led a US$180 million series D round in Souche.com, a Hangzhou-based used car transaction platform. It is Warburg Pincus’ second investment in the Chinese used car space so far this year.
Singapore-listed logistics property company Global Logistic Properties Ltd. (GLP) said in a statement that it had received various non-binding proposals from a number of parties to acquire the warehouse operator with a current market capitalization of US$9.18 billion.
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.
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.
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.
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.
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 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.
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 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.
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.
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.
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.
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 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.
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 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.