Founded in 2007 and with its headquarters in Beijing, CAR Inc. (0699.HK) is the largest car rental company in China, providing customers with specialized short term and long term car rental services, as well as comprehensive support services throughout China. The Company commands a clear leadership position in China across substantially all major operating and financial metrics including fleet size, network coverage, market share and revenue, according to Roland Berger, a leading global consulting firm. The Company is the only car rental company with network coverage across all provinces and provincial-level municipalities of China, with more than 700 service locations in 70 major cities and 90 major airports and high-speed train stations across the country. Warburg Pincus invested CAR Inc. in 2012, and is one of the biggest shareholders of the company.
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.