In addition, the consortium has received co-investment equity commitments from highly reputable institutional investors who will be investing through both Starwood Capital and Warburg Pincus-managed vehicles, including Alpha Wave Ventures and a leading Asia public pension investor.
A consortium led by Starwood Capital Group, Sixth Street and SSW Partners, which also includes QIA, Warburg Pincus, the founders of ESR and ESR Group have jointly announced a proposal to privatise ESR by way of scheme of arrangement from the Hong Kong Stock Exchange.
The privatisation proposal values ESR at HK$55.2 billion ($9.53 billion) on an equity value basis, making it the largest privatisation from the Hong Kong Stock Exchange (HKSE) since 2021. The consortium holds 39.9% of the total issued shares of ESR.
