Red Star Macalline
Between 2008 and 2010, Warburg Pincus invested in Red Star Macalline, a leading developer and operator of retail malls focused on furniture and home fixtures. Warburg Pincus’ investment into the company was a direct play into China’s fast-growing furniture retail market. Warburg Pincus worked proactively with the management team to accelerate national expansion, introduce professional management teams and a new incentive scheme, improve internal approval processes, ERP systems, bring in additional capital partners and drive M&A initiatives. With the support of Warburg Pincus, the company successfully listed on the Hong Kong Stock Exchange in June 2015, raising over $1 billion. In January 2018, Red Star Macalline achieved a dual listing on the Shanghai Stock Exchange, raising over RMB3 billion. Warburg Pincus exited the investment in 2019.
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