Warburg to invest over $370m in Techcombank in Vietnam’s biggest PE deal

Global private equity major Warburg Pincus has agreed to invest over $370 million in Vietnam Technological and Commercial Joint Stock Bank (Techcombank or TCB), marking the largest ever PE investment in Vietnam to date. The transaction, to be made through two legal entities owned by the PE major, will bring Warburg’s total commitment in the country to over $1 billion.

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