Announced
Financials
Sources
Tags
China
Private
financial services
Asset Managers and Custodians
Friendly
asset management
Acquisition
Cross Border
Private Equity
Minority
Pending
Single Bidder
Synopsis
Warburg Pincus, a private equity firm, agreed to acquire a 23% stake in Zhong Ou Asset Management, a financial services company. Financial terms were not disclosed. “Zhong Ou AMC has built up a strong business over the years through its outstanding investment and research capabilities, market-based operation, and strong distribution channels,” Ben Zhou, Warburg Pincus Managing Director.
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