05-11-2016, 06:11 PM
Li Ka Shing-linked ARA Asset Management lands buy-out bid
FOR a real-estate fund manager, access to capital is crucial and this may well explain why ARA Asset Management Ltd's founder John Lim is tying up with American private-equity (PE) heavyweight Warburg Pincus to launch a takeover of the company - if the rumour holds true.
Mr Lim is leading a consortium of existing shareholders in the buyout plan, according to a Wall Street Journal report citing people familiar with the situation.
Collectively, Mr Lim, The Straits Trading Company and Cheung Kong Property Holdings own close to 47 per cent of ARA.
http://www.businesstimes.com.sg/real-est...uy-out-bid
FOR a real-estate fund manager, access to capital is crucial and this may well explain why ARA Asset Management Ltd's founder John Lim is tying up with American private-equity (PE) heavyweight Warburg Pincus to launch a takeover of the company - if the rumour holds true.
Mr Lim is leading a consortium of existing shareholders in the buyout plan, according to a Wall Street Journal report citing people familiar with the situation.
Collectively, Mr Lim, The Straits Trading Company and Cheung Kong Property Holdings own close to 47 per cent of ARA.
http://www.businesstimes.com.sg/real-est...uy-out-bid