Warburg Pincus to set up $5bn distressed property manager in China

Warburg Pincus to set up $5bn distressed property manager in China

Warburg Pincus is creating a Chinese asset management company to invest in distressed real estate opportunities, with plans to garner $5bn in assets in five years. The US private equity firm will work with Wensheng, one of the largest special situation asset managers...
SoftBank pays $1.6bn for Yahoo Japan rights

SoftBank pays $1.6bn for Yahoo Japan rights

SoftBank’s internet business Z Holdings has agreed to pay Verizon Communications $1.61bn to secure the rights to Yahoo branding and technology in perpetuity in Japan. In contrast to the retreat of Yahoo in the United States, the brand remains a core part of...
True hits £275m hard cap for Fund III

True hits £275m hard cap for Fund III

Europe’s leading retail & consumer investment and innovation firm True has held the close of its latest fund – Fund III – dedicated to backing the retail and consumer businesses, at the forefront of consumer behavioural change. Following a virtual fundraising...