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Warburg Pincus to own 48.7% of ARA
US private equity firm to raise its stake from 30.72% after Chinese trust exits as shareholder in Reit manager
Published Tue, May 26, 2020 · 09:50 PM
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Singapore
US PRIVATE equity firm Warburg Pincus is set to own nearly half of ARA Asset Management, following the impending exit of AVIC Trust as a shareholder in the real estate fund manager.
ARA on Tuesday announced that AVIC Trust, the investment arm of Shanghai-listed AVIC Capital, will dispose of its 20.48 per cent stake. ARA founder and group chief executi…
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