Warburg Pincus invests $200m in China serviced apartment chain
Warburg Pincus has made a follow-on investment in Mofang Gongyu, committing nearly $200 million across two rounds of funding for the Chinese serviced apartment developer.
The private equity firm first invested $60 million in Mofang in a Series B round in 2013. Previously the company secured Series A financing from DT Capital Partners. Founded in 2006, Mofang has built...
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