Pursuits
Singapore Warehouse Operator Shaping Up to Be Asia's Biggest Buyout Deal
- Blackstone vying with Warburg Pincus, Chinese investor group
- Singapore’s GLP benefiting from booming e-commerce demand
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A warehouse operator in Singapore is shaping up to be Asia’s biggest buyout deal.
Three private equity groups are working on bids for Global Logistic Properties Ltd. by an early February deadline, according to people familiar with the matter. Blackstone Group LP is considering going head-to-head with a Warburg Pincus consortium and a Chinese group backed by existing GLP investors, the people said, asking not to be identified because the deliberations are confidential.