Bain Capital forms $250 million industrial property JV with China's DNE Group
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...