Bain Capital forms $250 million industrial property JV with China's DNE Group
© Reuters. FILE PHOTO: The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon/File photoBEIJING/SYDNEY - Bain Capital and Chinese industrial real estate developer and operator DNE Group said on Tuesday they formed a joint venture with a $250 million equity commitment, as the U.S. firm looks for investment opportunities in manufacturing park assets in China.
DNE will manage projects for the joint venture while Bain Capital acts as the strategic investor, according to the statement. DNE provides smart manufacturing facilities that serve producers of products such as automobile parts and integrated circuits-related equipment, according to its website.
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