The deal was structured via a five-year convertible bond and warrants issue under the lead of Gome's house bank ABN AMRO Rothschild. It includes a strategic partnership between the two firms that will allow Warburg Pincus to nominate one non-executive director to Gome's board. It also contains several undertakings by Gome chairman and majority shareholder Wong Kwong-yu, which seem designed to address long-standing investor concerns about a lack of transparency within the group.
According to a statement, Wong will provide Gome with audited financial information on...
