Warburg Pincus invests in Gome

One of Asia''s smartest private equity investors hopes to revive the fortunes of China''s largest electronics retailer.

Private equity investor Warburg Pincus announced yesterday February 2 that it will pay $128 million to purchase up to 9.7% of China's leading electrical goods supplier, Gome Electrical Appliances.

The deal was structured via a five-year convertible bond and warrants issue under the lead of Gome's house bank ABN AMRO Rothschild. It includes a strategic partnership between the two firms that will allow Warburg Pincus to nominate one non-executive director to Gome's board. It also contains several undertakings by Gome...

To continue reading, please login or register for free

Click for more on: warburg | pincus | invests | gome

Print Edition

FinanceAsia Print Edition