Warburg Pincus Makes US$54 Million on Greentown China Exit (Asia)

Source: AltAssets

Global private equity firm Warburg Pincus has fully exited its investment in Greentown China, a Chinese residential property developer. Warburg reportedly sold shares amounting to a 4.86 percent stake in Greentown China on the public market for approximately US$54 million. Previously, Warburg partially exited the company through a similar share sale in 2009.