(SHANGHAI, April 21, 2016) D&J, a leading integrated industrial infrastructure platform provider, 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 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.
Mr. Sun Dongping, Chairman and CEO of D&J, commented: “The partnership with KaiLong will add scale and investor base as well as operational expertise to the team, and I look forward to finding synergy with the KaiLong team on new projects.”
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 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.”
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.”
About 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。
About 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
