Private equity firm Warburg Pincus and Vietnam’s Becamex IDC said on Monday that they had formed a joint venture to develop institutional-grade industrial and logistics properties across Vietnam, betting on the growth in ecommerce and the opening up of the country as more foreign capital flows in.
The new partners are committing a total of $200 million to the venture.
Warburg Pincus has solid credentials in logistics. It was early to recognise the impact of e-commerce on logistics and has invested in 28 companies in the sector. Last year it lost out to a Chinese consortium on one of the biggest warehousing companies in China, Global...
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