Warburg Pincus Co-led $700 million Series A Financing for JD Property Mar 11, 2021
On Mar 11, 2021, JD Property, the infrastructure asset management and integrated service platform within and a subsidiary of JD.com, entered into definitive agreements for the non-redeemable series A preferred share financing with co-lead investors Warburg Pincus and Hillhouse Capital, among others. The total amount expected to be raised is approximately $700 million, subject to customary closing conditions.
JD.com, Inc. (NASDAQ: JD and HKEX: 9618)said in its 2020 Q4 and full year financial results announcement, “By leveraging Warburg Pincus and Hillhouse Capital’s industry expertise and resources, JD Property will further strengthen its infrastructure property management capabilities and its position as a leading player in high-quality infrastructure properties development and operations.”
Ellen Ng, Managing Director, Head of China Real Estate of Warburg Pincus, said, “We have been deeply impressed by JD Property’s high-quality portfolio, unique capabilities and strong management team. This investment demonstrates our conviction in the tremendous growth opportunity in new economy real estate and infrastructure as well as our ongoing commitment to investing in these sectors. Given our global network and deep experience across sectors, we look forward to partnering closely with JD in the future.”
Warburg Pincus is one of the largest and most active private equity firms in real estate investing in Asia, with about $6 billion invested in 36 companies since 2005. The firm has invested actively in the new infrastructure verticals including logistics, technology/biotech parks and data centers, which represent one of the largest secular growth opportunities in Asia. Currently, our investments in the new economy real estate and infrastructure account for approximately 2/3 of our total activities in real estate.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $58 billion in private equity assets under management. The firm’s active portfolio of more than 195 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $89 billion in over 920 companies in more than 40 countries.
As a trusted partner to entrepreneurs, Warburg Pincus is committed to supporting and creating industry leaders in new economy sectors. Warburg Pincus is one of the largest and most active private equity firms in China, with more than $12.5 billion invested in over 130 companies in China since 1994.
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