Bain Capital Credit Invests $300M in Chinese Developer D&J China

Co-founded by Warburg Pincus in 2014, Shanghai-based D&J China has built a sizeable portfolio, primarily focused on key markets in Beijing, Shanghai and Shenzhen.

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Photo from D&J China's website.

Bain Capital Credit has committed to ivnest $300 million in Chinese developer D&J China to help the Chinese company’s next phase of growth and support its further expansion in top-tier cities around the country, according to a statement.

Co-founded by Warburg Pincus in 2014, Shanghai-based D&J China has built a sizeable portfolio, primarily focused on key markets in Beijing, Shanghai and Shenzhen.

Kei Chua, a Managing Director and Head of China and North Asia for Bain Capital Credit, said: “We are delighted to be able to invest in D&J China and look forward to developing a long-term partnership with a scaled and proven operator in China.”

Barnaby Lyons, a Managing Director and Head of Asia for Bain Capital Credit, added: “The transaction exemplifies our ability to structure flexible capital solutions to meet the financing needs of Chinese corporates as they seek to expand and grow their businesses.”

D&J China has been a top player in the office/innovation park sector, focusing on providing the best real estate solutions to the “New Economy” sectors and promote their growth.

Select tenants include leading companies in biotechnology and internet sectors including AMD, Broadcom, Illumina, Johnson & Johnson, Sartorius and WeWork.

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D&J China is very pleased to enter into this strategic cooperation with Bain Capital Credit, according to CEO Dongping Sun.

“This partnership is a remarkable endorsement of the quality and value of our property assets, our proven business model and outstanding asset management capabilities. With this partnership, we look forward to building D&J China into a best-in-class integrated properties and services provider in China,” Sun said.

D&J China, one of the country’s leading integrated industrial properties and services provider, focuses on the new economy and intelligent manufacturing sectors including biotech, alternative energy, robotics, electric vehicles, IT, high-tech materials and co-working facilities. – VCNewsAsia.com

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