Deals
Warburg Boosts Logistics Bet With $200 Million Vietnam JV
- Private-equity firm ties up with state-owned Becamex IDC
- Joint venture to develop warehouses, factories across Vietnam
This article is for subscribers only.
Warburg Pincus, the private equity firm that’s been betting on the growth of the Asian logistics sector, is forming a joint venture to develop industrial properties in Vietnam.
The New York-based firm and Vietnam’s Investment & Industrial Development Corp., the state-owned firm known as Becamex IDC, are committing more than $200 million to the partnership, Warburg Pincus said in an emailed statement Monday, confirming an earlier Bloomberg News report.