Pursuits
Warburg Pincus Forming Consortium to Bid for GLP
- Buyout firm seeks partners to bid for $8.5 billion company
- Deal would help Warburg Pincus tap demand for logistics space
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Warburg Pincus is forming a consortium to bid for Global Logistic Properties Ltd., the Singapore-based warehouse operator, according to people with knowledge of the matter.
Warburg Pincus has been speaking with banks and potential bidding partners about an offer for the industrial property owner, which has a market value of about $8.5 billion, the people said. GLP, which has assets in China, Japan, the U.S. and Brazil, has asked for first-round offers by early February, people with knowledge of the matter said previously.