Warburg Pincus consortium to invest $200 million in Vincom Retail

A consortium led by an affiliate of private equity firm Warburg Pincus has agreed to invest $200 million in a strategic partnership with Vingroup, Vietnam’s biggest private sector real estate operator.

Warburg Pincus will buy a 20% equity interest in Vincom Retail, and will have representatives on the board of directors of both Vincom Retail and Vingroup. The agreement also includes a commitment from Warburg Pincus to participate in future capital-raising by Vingroup of up to $25 million, and an opportunity for the consortium to invest an additional $100 million in Vincom Retail.

If approved by regulators, it will be the biggest initial investment in a Vietnamese...