Singapore's Rare Buyout Bird

Singapore has handed the world's cashed-up private equity firms a rare bird -- Global Logistic Properties Ltd., a leading provider of modern logistics facilities in China, Japan, Brazil and the U.S.

It's a choice asset, and, valued at $11.3 billion including debt, could shape up to be Asia's biggest-ever buyout deal. Already, it's piqued the interest of Blackstone Group LP, which ironically sold Global Logistic a large chunk of North American assets in 2015, a Warburg Pincus consortium and a Chinese group backed by existing investors in the company.