Warburg Pincus to pump over $370m into TechcombankTwo separate legal entities managed by Warburg Pincus would invest over 370 million USD in the Vietnam Technological and Commercial Joint Stock Bank (Techcombank), announced the bank on March 12. Warburg Pincus is a leading global private equity firm focusing on growth investing. As the pre-eminent private equity investor in Vietnam, this transaction of Warburg Pincus represents the largest-ever private equity investment in the country and brings Warburg Pincus’ total investment in Vietnam to over 1 billion USD. Jeffrey Perlman, managing director and head of Southeast Asia at Warburg Pincus, said: “The investment in Techcombank marks our continued commitment and strong belief in the long-term prospects for Vietnam. Warburg Pincus started investing in Southeast Asia in 2013 with Vietnam as its maiden market.

Source: VietNamNet News March 13, 2018 03:56 UTC