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TPG Purchases Strategic Investment in Xinyuan Real Estate

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

Ropes & Gray advised leading private equity firm TPG Capital on its strategic investment in Beijing-based Xinyuan Real Estate Co., Ltd. (Xinyuan), a Chinese real estate developer. TPG Capital invested approximately US$108.6 million through the purchase of convertible notes and common shares.

TPG is a longstanding client of Ropes & Gray, both in Hong Kong and globally. Earlier this year, 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 partners Gary Li (private equity) and Daniel Anderson (hedge funds).

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