Warburg Pincus Completes a Follow-on Investment in Mofang Gongyu (Asia)
Source: Asian Venture Capital Journal | Author(s): Winnie Liu
Global private equity firm Warburg Pincus has completed a follow-on investment in China-based apartment developer Mofang Gongyu, committing nearly US$200 million across two rounds of funding. Warburg Pincus originally invested US$60 million in Mofang in a Series B financing round in 2013. Mofang intends to open 100 buildings through a franchising model this year, providing community facilities and services for young professionals.