TPG Capital invests $108.6 mln in Beijing-based Xinyuan

Private equity firm TPG Capital has invested approximately $108.6 million in Xinyuan Real Estate Co. Ropes & Gray advised TPG in the transaction. Based in Beijing, Xinyuan is a real estate developer.


Ropes & Gray advised leading private equity firm TPG Capital on the completion of 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), Daniel Anderson (hedge funds) and Paul Boltz (securities & public companies).