Real estate
Deal focus: PAG goes back to the theme park
PAG returns to a historically fruitful niche with the acquisition of Japanese theme park operator Huis Ten Bosch. COVID-19 made the deal possible but remains a wildcard
Deal focus: Warburg Pincus returns to ESR
The sale of ARA Asset Management to ESR will create a real estate behemoth primed to go big on e-commerce-driven logistics and data centers – and allow Warburg Pincus to reunite with the platform it seeded
Warburg Pincus targets China distressed real estate
Warburg Pincus is entering the distressed real estate space in China through a $600 million partnership with Wensheng, a local special situations manager.
Q&A: Gaw Capital Partners’ Christina Gaw
Hong Kong-based real estate investor Gaw Capital Partners has leveraged its knowledge and networks to expand into technology and education. Christina Gaw, a managing principal, explains how
Blackstone sweetens offer for Australia's Crown Resorts
The Blackstone Group has improved its take-private offer for Crown Resorts, valuing the Australian casino operator at about A$8.3 billion ($6.5 billion).
Blackstone bids $6.1b for Australia's Crown Resorts
The Blackstone Group has offered to acquire 100% of Australia-listed casino and hotel operator Crown Resorts for about A$8 billion ($6.1 billion).
Goldman, Anchor commit $100m to China car park operator
Goldman Sachs and Anchor Equity Partners have led a $100 million Series B round for Sunsea Parking, a China-based car parking management company.
Australia's Taronga Ventures launches in Singapore
Taronga Ventures, the venture arm of Australian real estate investment firm Taronga Group, has set up Asia Pacific headquarters in Singapore.
KKR, Temasek commit $650m to Vietnam property developer
A consortium led by KKR has invested VND15.1 trillion ($650 million) in Vinhomes, Vietnam’s leading integrated real estate developer, which went public in 2018.
LP interview: Manulife Investment Management
Manulife Investment Management is easing into its first Asian private markets drive with a focus on optionality. Private credit, infrastructure, and real estate are early areas of interest
GIC, ESR team up on $500m China venture
ESR, an Asia Pacific-focused logistics real estate platform, has formed a joint venture with Singapore’s GIC Private with a view to investing $500 million in high-quality facilities in China.
China’s largest co-working player Ucommune files for US IPO
Ucommune, China’s largest co-working space player which is considered the local equivalent to troubled US operator WeWork, has filed for a US IPO.
Hillhouse, Crystal Stream invest African logistics start-up
Lori Systems, one of Africa’s largest logistics coordination platforms, has raised almost $30 million in a Series A round led by Hillhouse Capital and Crystal Stream Capital.
Chinese online property marketplace set for IPO
Fangdd Network, a Chinese online real estate marketplace backed by the likes of FountainVest Partners and CDH Investments, has filed to list in the US.
Macquarie buys Australia cotton farm stake from Chinese strategic
Macquarie Infrastructure and Real Assets (MIRA) has acquired a 49% stake in Australia’s largest cotton farm, Cubbie Station, primarily from Chinese fabrics maker Shandong Ruyi.
AIGF backs Philippines co-working player
ASEAN Industrial Growth Fund (AIGF), a vehicle jointly managed by Malaysia’s CIMB Group and Japan’s Mitsubishi Corporation, has made an investment of undisclosed size in Philippines co-working space provider KMC.
Deal focus: Mofang pursues quality and scale
Mofang raises $150 million to bring consistency to China’s fragmented rental housing market. Leveraging big data and targeting millennials are key strategies
Navis, Blackstone to exit Australia's NLV to private equity JV
Navis Capital Partners and The Blackstone Group will exit National Lifestyle Villages (NLV), an Australian developer and operator of mobile home parks, to Serenitas, a joint venture between Singapore’s GIC Private and local GP Tasman Capital Partners.
WeWork buys PE-backed Naked Hub in Asia expansion drive
US-based co-working space operator WeWork has acquired industry peer Naked Hub, which is backed by Hong Kong-based Gaw Capital Partners, as part of a continued expansion in China and Southeast Asia.
China's PE-backed Ucommune acquires domestic rival
Chinese PE-backed co-working space provider Ucommune, formerly known as UrWork, has acquired domestic industry peer Woo Space.
Warburg Pincus backs Chinese car park operator
Warburg Pincus has led a RMB1.5 billion ($227 million) round of funding for Sunsea Parking Industry Group, a Chinese car park management company. Furniture retailer Red Star Macalline - a Warburg Pincus portfolio company - also participated.
China's PE-backed UrWork receives $29m investment
UrWork, a Chinese co-working space operator with a number of private equity backers, has received a $29.4 million investment from domestic conglomerate Beijing Love & Health Group.
Chinese smart city platform receives $73m
China Everbright, IDG Capital and CITIC Private Equity have participated in a RMB500 million ($73.5 million) Series A round of funding for Terminus Technologies, which claims to be China’s largest city-level mobile internet platform.
China serviced apartment operator gets $43m
Anxin Apartment, a China-based serviced apartment operator, has raised RMB300 million ($43 million) in a Series B round spread across two tranches.
