Announced
Financials
Tags
Private Equity
Single Bidder
China
Pending
Public Private Partnerships
urban regeneration project
Private
Joint Venture
Cross Border
Acquisition
Friendly
Majority
Synopsis
Warburg Pincus, a private equity firm, and Golden Union Group, Chinese urban renewal and development operator, are set to form Golden Union Assets, a joint venture engaged in urban renewal projects in Shanghai and Beijing. Financial terms were not disclosed. “Urban renewal and redevelopment, which plays an important role in supporting the high-quality development of cities in China, has been written into the country’s 14th Five-Year Plan," Jessica Yu, Golden Union Group Chairman.
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