TPG will buy convertible notes worth $75.8m and $32.9m worth of shares.
TPG managing director Steve Sun said, “We are impressed by Xinyuan’s solid financial position and experienced management team and look forward to providing our resources and experience to help Xinyuan achieve its strategic objectives.
“We believe Xinyuan is well positioned to continue to deliver growth and solidify its position in its key markets going forward, and we look forward to a productive partnership.”
Earlier this year it was reported that TPG was looking to sell Chinese leasing finance provider UniTrust Finance & Leasing Corp, expecting it to fetch as much as $800m.
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