Warburg Pincus, one of the biggest modern warehousing investors in Asia, capitalized early on its long-term investment in Chinese logistics. The firm reaped a return of more than 10 times on its investment in ESR Cayman Ltd., said a person familiar with the matter, after the company went public in Hong Kong in 2019. Last year, Warburg reduced its stake to less than 5%.
PE Firms Are Feasting on China’s $5.5 Billion Logistics Deals
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