Warburg Pincus

Startups, Entrepreneurs, Digital economy

Trax gets US$100 mil funding, becomes Singapore's second unicorn

SINGAPORE (July 23): Warburg Pincus-backed image recognition technology firm Trax, a start-up that counts Heineken and Nestle among its clients, said it has raised US$100 million ($136 million) in its latest funding round, becoming Singapore's second

IPO

Warburg-backed ESR files for HK IPO said could be worth up to $2 bil

(Mar 6): ESR, the logistics real estate platform backed by Warburg Pincus, is expected to carry out an IPO in Hong Kong within the next two quarters, according to Mingtiandi.

Startups, Entrepreneurs, Digital economy

Go-Jek backers said to offer US$1 bil funding to fuel growth

(June 7): Go-Jek, the Indonesian ride-hailing provider, has been offered at least US$1 billion ($1.3 billion) of new funding from existing investors eager to accelerate its overseas expansion, people with knowledge of the matter said.

Warburg Pincus-backed REIT to buy rival in Singapore's first REIT merger

SINGAPORE (May 18): ESR-REIT will buy rival Viva Industrial Trust in a proposed deal valued at $936.7 million, marking the first consolidation among Singapore's crowded mid-cap real estate investment trusts.

Property

ESR-REIT sponsor partners Invesco to manage RMB2 bil China portfolio

SINGAPORE (Sept 8): ESR, the sponsor of ESR-REIT which was formerly known as Cambridge Industrial Trust, has formed a joint venture (JV) partnership with Invesco Real Estate (IRE) to acquire and manage a portfolio of Grade A stabilised logistics assets in

ESR-REIT and Sabana REIT to create bigger, more liquid and investable entity: Religare

SINGAPORE (Aug 8): Religare Capital Markets says the amalgamation of ESR-REIT and Sabana REIT will create a bigger, more liquid and investable REIT.

Update

GLP is said to pick Chinese bidder in Asia's biggest buyout: Update

SINGAPORE (July 13): Global Logistic Properties, the US$9.2 billion ($12.7 billion) Singapore warehouse operator pursuing a sale, has picked a Chinese bidder consortium for final deal talks, people with knowledge of the matter said.

Logistics firm GLP receives proposals from bidders

SINGAPORE (July 3): Warehouse operator Global Logistic Properties said on Monday it had received "firm proposals" from shortlisted bidders. It provided no further details.

Global Logistic Properties says reviewing all shortlisted bids

SINGAPORE (July 3): Global Logistic Properties (GLP) says it has at last Friday’s deadline received firm proposals from shortlisted bidders for final evaluation.

Race to buy US$10 bil valued GLP narrows down to two groups

SINGAPORE (June 30): The race to buy Global Logistic Properties is now between a Chinese consortium backed by the company's management and a rival group led by Warburg Pincus, sources said ahead of a Friday deadline to submit bids for the firm valued
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