Warburg Pincus Invests US$75 Million in Rivigo, Announces Joint Venture with 21Vianet (Asia)
Posted On: 01 Nov 2016 | Source: Warburg Pincus, Private Equity International | Author(s): Carmela Mendoza
Global private equity firm Warburg Pincus has invested US$75 million for a minority stake in India-based transportation logistics company Rivigo. The company will use the funds to expand operations and improve technology. Separately, Warburg Pincus announced a joint venture with China-based internet data center services provider 21Vianet to acquire and develop data centers in China. The joint venture will initially include four existing data center assets to be owned 51 percent by 21Vianet and 49 percent by Warburg. Future developments will be owned 51 percent by Warburg and 49 percent by 21Vianet. Warburg will invest from its Warburg Pincus Private Equity XII. The transactions contemplated by the joint venture agreement are expected to close in multiple tranches in the first half of 2017 subject to the satisfaction of certain conditions.