Warburg Pincus goes big on S'pore logistics firms
It buys 80% of Cambridge Industrial Trust manager and is said to be keen on GLP; it's also leading buyout of ARA
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Singapore
PRIVATE equity firm Warburg Pincus is ramping up to become a major logistics player. On Wednesday, its subsidiary announced an acquisition of 80 per cent of the manager of Cambridge Industrial Trust (CIT) for an undisclosed sum.
This follows news that Warburg is leading a buyout of ARA Asset Management, which manages a stable of real estate investment trusts (Reits) and private real estate funds, including ones that are invested in the logistics and industrial sector.
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