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Warburg Pincus-backed D&J China Forms Strategic Partnership with KaiLong

APR 2016


Shanghai, April 21, 2016 – D&J Industrial Property (China) Investment Co. Ltd. (“D&J China”), a leading integrated business park and suburban office operator majority-owned by Warburg Pincus, and KaiLong Group (“KaiLong”), a leading real estate investment management company in Greater China, announced today that the two firms have formed a strategic partnership with D&J China subscribing for a 40% stake in KaiLong. The partnership will allow the two companies to share resources in the industry and their unique capabilities in development, asset management and financing and fund management.

 

KaiLong, founded in 2004, is a leading real estate investment management company, which offers comprehensive investment and asset management services for a wide range of institutional and individual investors. KaiLong’s strength lies in its ability to identify and acquire quality assets with repositioning or redevelopment potentials and realize the potential through proactive and innovative asset management. To date, KaiLong has established four RMB funds totaling 1.5 billion RMB; its first US dollar fund successfully completed fundraising in May 2015, with total funds of US $238 million. Over the years, KaiLong has invested in 30 real estate projects valuing over US$1.5 billion in total. Of these, twelve have already been exited with excellent risk-adjusted returns.

 

Co-founded by Warburg Pincus and Mr. Sun in 2014, D&J China is a leading integrated business park and suburban office operator engaged in the investment, development and operation of business parks, headquarter parks and modern industrial facilities. With China’s “gateway” cities Shanghai and Beijing and selective tier 1.5 cities as its core markets, the company‘s tenants include domestic IT companies as well as multinationals that need tailored real estate solutions.

 

Since its founding less than two years ago, D&J China has grown rapidly and currently has about 1 million square meters of properties in operation and under development. Among D&J China’s tenants include Fortune 500 multinationals such as Shell, Abbott and FMC, and high-tech, knowledge economy companies such as Asiainfo and iSoftStone.

 

Mr. Hei Ming Cheng, Founder, Board Director and Chief Executive of KaiLong, commented: “Aligning with such reputable partners will provide valuable resources to further accelerate our growth. D&J China has strong development capabilities while KaiLong has a long track-record in onshore/offshore fund raising, asset acquisitions and operations.  We will also benefit from the global network and resources of Warburg Pincus. We very much look forward to working with Warburg Pincus and D&J China.”

 

Mr. Sun Dongping, Founder, Chairman and CEO of D&J China, commented: “The partnership with KaiLong will add scale and investor relationships as well as operational expertise to the team, and I look forward to finding synergy with the KaiLong team on new projects.”

 

Ms. Ellen Ng, Managing Director of Warburg Pincus, commented: “The partnership brings together two best-in-class teams in China’s real estate sector with complementary development, asset management and fund management capabilities. It also demonstrated our commitment to continue investing the real estate market in China. We look forward to working closely with both companies and continuing to support their growth.”

 

Warburg Pincus is a leading global private equity firm focused on growth investing.  The firm has a strong track record in investing China’s property sector. Warburg Pincus has invested in more than $2.4 billion equity in 20 companies and projects in China across developers, operators, asset managers, and asset/project portfolio joint ventures in all major asset types. The firm’s notable investment in real estate sector include 7 Days Inn, e-Shang Redwood Group (ESR), Greentown, Guangzhou R&F, Franshion Properties, Mofang Apartment, Red Star Macalline and Sunshine 100.

 

 

 

 

KaiLong

KaiLong is a leading real estate investment management company, which offers comprehensive investment and asset management services for a wide range of institutional and individual investors. The company is dedicated to identifying, evaluating, acquiring and managing quality assets for investors. Founded in 2014, KaiLong has offices in Hong Kong, Shanghai, Beijing, Chengdu and London. For more information, please visit http://www.kailongrei.com

 

D&J China

Co-founded by Warburg Pincus and Sun Dongping in 2014, D&J China is China’s leading integrated business park and suburban office operator engaged in the investment, development and operation of business parks, headquarter parks and modern industrial facilities. The company currently owns and operates industrial properties including business headquarters, standard factory workshops, built-to-suit factories and data centers in the areas around Beijing, shanghai, Guangzhou and Chengdu. For more information, please visit www.djchina.com.

 

Warburg Pincus

Warburg Pincus is a leading global private equity firm focused on growth investing. The firm has over $40 billion of private equity assets under management. Since its founding in 1966, Warburg Pincus has invested over $55 billion in more than 750 companies in 40 countries. The firm is one of the largest global private equity investors in China with wide industry coverage, and has invested over $6 billion in more than 90 Chinese companies since it entered the Chinese market in 1994. For more information, please visit www.warburgpincus.com.cn.

 

Media enquiries:

 

KaiLong

Shirley Shao

Senior Manager – Marketing & PR

T +8621 5012 1668 *706

E Shirley.shao@kailongrei.com



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