21Vianet Group (VNET), Warburg Pincus Enter Joint Venture
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21Vianet Announces Joint Venture with Warburg Pincus
October 31, 2016 6:00 AM EDTBEIJING, Oct. 31, 2016 (GLOBE NEWSWIRE) -- 21Vianet Group, Inc. (Nasdaq: VNET) ("21Vianet" or the "Company"), the largest carrier-neutral internet data center services provider in China, and Warburg Pincus, a leading global private equity firm focused on growth investing, today announced the two companies have signed a strategic investment agreement (the JV Agreement) to form a joint venture and establish a digital real estate platform (the JV) in China. The JV will be dedicated to pursuing development and acquisition opportunities in the wholesale and built-to-suit segments of Chinas data center market.
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