AAG Energy Limited (“AAG”, 2686.HK), headquartered in Beijing, China, is a leading coal bed methane (“CBM”) producer focused on finding, developing and producing unconventional gas assets in China. Through long-term production sharing contracts, AAG has interests in two large CBM blocks, Panzhuang and Mabi, located in China’s coal-rich Shanxi Province in the Qinshui Basin. AAG is committed to contributing to China’s economic growth by supplying clean and cost effective energy to residential and industrial end users through the commercial development of CBM. Warburg Pincus first invested in AAG in March 2010.
Warburg Pincus is a leading global private equity firm focused on thesis-driven growth investing at scale. With more than $58 billion in assets under management, our active portfolio of more than 190 companies is highly diversified by stage, sector and geography. As an experienced partner to outstanding management teams, we help build durable companies with sustainable value. We have raised 19 private equity funds, which have invested more than $81 billion in over 890 companies in more than 40 countries.