We’re happy to announce, after the company pulled its US IPO, that we sold half of our remaining position in China Auto Rental, now China’s largest rental car network, but at the time of our initial investment is was little more than a call center selling insurance products under the name of UAA. Keep an eye on this company as it continues to develop and modify its services and product mix as it will surely command a growing position in its sector, especially now that Warburg Pincus invested US$200M in the company.
April 23, 2012
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