Philippine blue chip firm Converge ICT tracks further expansion after Warburg Pincus exitWarburg invested $225m for a 29% stake in Converge in 2019.

The last two-and-a-half years have been trying for investors, amid a pandemic that halted economic activity and threw off growth projections and, more recently, a stock market rout that could have implications even for unlisted assets.

Yet in that time, global private equity firm Warburg Pincus has managed to complete one of its most successful deals in Southeast Asia to date.

Go to Source