In The News

TPG Purchases Strategic Investment in Xinyuan Real Estate

Practices: Private Equity, Hedge Funds, Capital Markets, Real Estate Investments & Transactions, Securities & Public Companies

Ropes & Gray is advising leading private equity firm TPG Capital on its strategic investment in Beijing-based Xinyuan Real Estate Co., Ltd. (Xinyuan), a Chinese real estate developer. Under the agreement, TPG Capital will invest US$108.6 million through the purchase of US$75.8 million in aggregate principal amount of convertible notes and US$32.9 million worth of common shares.  

TPG is a longstanding client of Ropes & Gray, both in Hong Kong and globally. Recently, Ropes & Gray advised a buyer consortium that included TPG Capital in its US$178 million take-private acquisition of ShangPharma Corporation, a leading China-based pharmaceutical company. 

The Ropes & Gray team was led by partner Daniel Anderson (hedge funds).

Cookie Settings