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Bain Capital and Chinese industrial real estate developer and operator DNE Group said on Tuesday they formed a joint venture with a $250 million equity commitment, as the U.S. firm looks for... -October 23, 2023 at 10:00 pm EDT - MarketScreener
Bain Capital and Chinese industrial real estate developer and operator DNE Group said on Tuesday they formed a joint venture with a $250 million equity commitment, as the U.S. firm looks for investment opportunities in manufacturing park assets in China. The initial batch of assets the joint venture will invest in are located in China's eastern industrial hub, the Yangtze River Delta area, the companies said in a joint statement, which did not provide a breakdown of the funding from each partner. DNE will manage projects for the joint venture while Bain Capital acts as the strategic inv...
DNE will manage projects for the joint venture while Bain Capital acts as the strategic investor.
The fund has been set up in partnership with several institutional investors in China.
The JV marks the latest move made by DNE Group to enhance its life science ecosystem.