Warburg-Backed Firm Forms $1.2 Billion JV On Infrastructure Push
- Infrastructure firm DNE’s JV to invest in life science parks
- Total investment for life-science parks to reach $1.2 billion
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A Warburg Pincus-backed industrial park and infrastructure operator started a $1.2 billion joint venture to invest in life science parks in China, after President Xi Jinping’s “all out” infrastructure push.
The venture partly formed by DNE Group, a Shanghai-based investor, focuses on new infrastructure including industrial parks and logistics. Together with an unnamed global institutional investor, the two will deploy about $1.2 billion in life science parks in top-tier Chinese cities, according to a Friday statement.