Warburg Pincus-led group to invest $700 million in JD.Com’s property unit

A group of investors led by Warburg Pincus will invest about $700 million in Chinese e-commerce firm JD.com Inc’s infrastructure asset management arm, the U.S.-based private equity firm said on Thursday.

Warburg Pincus and Hillhouse Capital, along with other investors, will invest in JD Property as part of a non-redeemable series A preferred share financing, the company added.

Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $56 billion in private equity assets under management. The firm’s active portfolio of more than 190 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $86 billion in over 910 companies in more than 40 countries.

JD.com is a leading technology driven e-commerce company transforming to become the leading supply chain based technology and service provider. The company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it.

Founded in 2005, Hillhouse Capital has focused from the outset on long-term, structured investing, seeking to discover and create value. Hillhouse has become a leading venture capital and private equity investment organization in Asia in terms of both scale and performance. Its assets under management come mainly from visionary domestic and international institutional investors. As an investor in value with global vision, Hillhouse aims at sustainable and long-term growth.

Hillhouse looks for the best entrepreneurs and managers to help companies improve their strategic performance on an ongoing basis through technology innovation, independent research, industry expertise, and world-class operations and management capabilities. It is also keen to tap the potential of entrepreneurs and work together with them to create value. Hillhouse’s investment portfolio covers areas such as biopharmaceutical & life sciences, original technologies & enterprise services, consumer & retail, and advanced manufacturing.

Source: Reuters