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ARA Asset Management taken private in $1.28 billion LBO led by Warburg Pincus and AVIC Trust

April 2017

Client(s) ARA Asset Management Limited

Jones Day represented ARA Asset Management Limited ("ARA"), an Asian real estate fund management company listed on the Singapore Stock Exchange, in connection with its $1.28 billion leveraged buyout led by Warburg Pincus and AVIC Trust via a scheme of arrangement in Bermuda. The consortium also includes the existing controlling shareholders of ARA, John Lim (through JL Investment Group Limited), The Straits Trading Company, and Cheung Kong Property Holdings Limited. Goldman Sachs (Singapore) Pte and DBS Bank Ltd acted as joint financial advisors to the consortium. Deloitte & Touche Corporate Finance Pte Ltd acted as independent financial advisor to ARA.

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