Warburg Pincus, Legend re-up in China chauffeur service Ucar
China-based chauffeured car service provider Ucar has raised a further $550 million from Warburg Pincus, Legend Capital and China Auto Rental (CAR). They have now invested a total of $800 million in the company.
CAR, which is backed by Warburg Pincus and Legend Holdings, said in a filing that it would subscribe to 443,263 Series B preferred shares in Ucar for a total consideration of $50 million. The Hong Kong-listed...
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