Warburg Pincus to invest $125 mln in Nirvana

Warburg Pincus has committed $125 million to Nirvana Development Tbk PT. The firms are creating a joint venture to build and develop a retail platform in Indonesia. Warburg has the option to invest another $75 million, the release said. The JV will seek to develop shopping malls across second- and third-tier cities in Indonesia. Jakarta, Indonesia-based Nirvana is a property developer.

DealsNorth AmericaUSBriefs