Representatives for StorageMart, GIC and Rosewood either declined to comment or didn’t immediately respond to requests for comment.
(June 3): Singaporean sovereign-wealth fund GIC Pte is in talks to acquire a stake in StorageMart, which describes itself as the largest privately owned storage company in the world, according to people with knowledge of the matter.
Although a deal has yet to be finalized, the potential transaction is slated to value StorageMart at more than US$2.5 billion (S$3.51 billion), including debt, some of the people said. Rosewood Investment Corp. may participate in the deal, one of them said.
