Shanghai, 16 December 2021 – D&J China (“D&J”) and New Ease China (“New Ease”), two of the leading new economy infrastructure platforms in China, announced today that they have completed a strategic merger and raised investment of over $1.5 billion from investors including Partners Group, StepStone Group, Sequoia Capital, CPE, and D1 Capital Partners. Warburg Pincus, its existing shareholder, and the founder Mr. Sun Dongping also participated in this funding round. The combined company will be rebranded as DNE Group (“DNE”). Post the merger, DNE emerges as a leading new economy infrastructure developer and operator with over $11 billion in AUM and GFA over 10 million square meters across multiple verticals, including logistics and cold chains, life science and modern manufacturing parks, urban redevelopment, and data centers. The enlarged group will benefit significantly from combining the investment and operation capabilities of both D&J and New Ease to create a best-in-class new economy infrastructure platform, providing a full range of integrated infrastructure solutions to new economy clients.

Co-founded by Founder Mr. Sun Dongping and Warburg Pincus in 2014, D&J is a leading industrial real estate platform with over $5 billion in AUM across modern manufacturing parks, life science park and IT parks in China’s Tier-1 cities. Established in 2018, New Ease has been the fastest-growing developer and operator of institutional-grade logistics facilities in China, with is over 6.5 million square meters of Grade A logistics assets under management. A combination of D&J and New Ease will allow the enlarged group to unlock next phase of growth. On the back of the strong support by global blue-chip investors, DNE will combine its extensive asset management experience with local operational expertise to continue serving the best interest of its capital partners.

Mr. Sun Dongping, CEO of DNE, said, “With the continued transformation of China’s economy and the rapid development of new economy, we see ample room for growth in the fields of new infrastructure. This merger marks the establishment of a leading new infrastructure platform in China. We have also set up a private equity investment platform to invest in high-growth tech-driven companies that complement our infrastructure ecosystem. Our vision is to continue to groom DNE into the preferred partner for new economy clients, meeting their diversified needs across R&D, manufacturing, warehousing, and corporate headquarters with integrated solutions. With this merger, we also aspire to provide more comprehensive investment products to global capital partners and deliver sustainable long-term value to them.”

DNE has made multiple strategic moves post-merger. It has continued to expand the portfolio in tier 1 and select gateway cities in China. Driven by the robust demand over the new infrastructure facilities, DNE has recently set up several income-generating ventures with leading insurance companies.

For more details about DNE, please visit www.dnegroup.com.

Media Contact
DNE Group
Christy Zhang: christy.zhang@dnegroup.com