JD Property’s $700 Million Series A Financing

Latham & Watkins advised Warburg Pincus and another investor as co-lead investor group on the deal.

Warburg Pincus and another investor as co-lead investor group closed its definitive agreement for the non-redeemable series A preferred share financing for JD Property, the infrastructure asset management and integrated service platform within, and a subsidiary of, JD.com. The total amount expected to be raised is approximately US$700 million, subject to customary closing conditions. 

With the new investment, JD Property will look to further strengthen its infrastructure property management capabilities and its position as a leading player in high-quality infrastructure properties development and operations. 

Warburg Pincus is one of the largest and most active private equity firms in real estate investing in Asia, with around US$58 billion assets under management globally. 

Latham’s Hong Kong based team was led by corporate partner Amy Beckingham (Picture) and senior associate Zhonghua Shi and assisted by Nathan Ma and Frances Yu. The team was also supported by Hong Kong litigation partner Catherine McBride and associate Charlotte Yeung.

Involved fees earner: Amy Beckingham – Latham & Watkins; Nathan Ma – Latham & Watkins; Catherine McBride – Latham & Watkins; Zhonghua Shi – Latham & Watkins; Charlotte Yeung – Latham & Watkins; Ching Yeung Yu – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Warburg Pincus;

Author: Sonia Carcano