Warburg Pincus, Stuart Gibson, Charles de Portes and Jeffrey Shen are in discussions with the Consortium and that they are welcoming of the Indicative Proposal. Gibson, de Portes and Shen are the Founders of ESR.
A filing on the Hong Kong Exchange by ESR Group on May 13 says that on April 25 the Company received a non-binding and conditional proposal from a consortium of investors comprising Starwood Capital Operations, Sixth Street Partners, and SSW Partners LP (on behalf of itself and its affiliated funds and entities), in relation to a possible privatisation of the Company which, if proceeded with, could result in a delisting of the Company from the Stock Exchange.
Under the Indicative Proposal, it is contemplated that Shareholders will have the ability to choose to receive cash consideration or roll their shares into the go-forward private company, subject to the terms of the final rollover arrangements.
