Warburg Pincus invests $220m in Chinese industrial assets
Warburg Pincus has announced an additional investment into D&J China, an operator of business parks and industrial facilities in China. Warburg Pincus and D&J China’s founder Sun Dongping will make a joint B-round investment of $220 million in D&J China.
The total equity invested by Warburg Pincus and the firm’s founder will total more than $420 million.
D&J China is the second platform co-founded by Warburg Pincus and D&J China. The partnership began in 2011with the two co-founding e-Shang, a developer and operator of warehousing and logistics property for China’s logistics and e-commerce players. Today, e-Shang has become China’s second-largest warehousing and logistics facility developer and operator as well as Asia’s largest pure-play logistics developer and service provider, after successfully entering South Korea and Japan in the past two years. The firm recently