Warburg Pincus, the US private equity fund, has abandoned its investment in China Huiyuan Juice, becoming the first big shareholder to do so after the collapse of Coca-Cola’s $2.4bn takeover offer. Warburg Pincus had declined to exercise an option to swap its convertible bonds for a 7% equity stake in China’s top juice maker. Warburg Pincus and France’s Danone made cornerstone investments in Huiyuan months ahead of its Hong Kong listing in February 2007.

This entry was posted by Gwen Robinson on Tuesday, June 9th, 2009 at 4:28 and is filed under Capital markets, M&A, Private equity. Tagged with China Huiyuan Juice, warburg pincus. Edit this entry.