Warburg Pincus commits $200m to China Auto Rental
Warburg Pincus has invested $200 million in China Auto Rental, said to be the country’s largest car rental network in terms of revenue. It is the largest equity financing the industry has seen since Legend Holdings made a RMB1 billion strategic investment in China Auto Rental two years ago.
The capital will be used to further strengthen the company's market leading position. According to consultancy Roland Berger, China Auto Rental is the only car rental network that covers all of the country's...
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