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Hong Kong’s ESR to buy Warburg-backed ARA Asset for $5.2b Photo: ESR August 5, 2021 Hong Kong-based ESR Cayman Ltd has agreed to acquire the entire share capital of real estate fund manager ARA Asset Management for $5.2 billion in a deal that will create Asia Pacific’s largest real asset fund manager. In an announcement, the companies said the assets under management of the combined entity will be $129 billion, with more than $50 billion to focus on so-called New Economy real estate, such as data centres. Under the terms of the deal, ESR will acquire 100% share capital of ARA via a 90/10 stock/cash transaction, which comprises $4.7 billion in new ESR shares and vendor loan notes, and $519 million funded by a $250 million placement to Sumitomo Mitsui Corporation (SMBC) and $269 million in debt.

Republic ofSouth koreaWarburg pincusJeffrey perlmanAsia pacificJohn limSumitomo mitsui corporationCayman ltdCheung kong groupHong kong basedNew economyகுடியரசு ஆஃப்தெற்கு கொரியாவார்பர்க் பிங்கஸ்ஜெஃப்ரி பெர்ல்மேன்ஆசியா பெஸிஃபிக்