Shanghai Jinchuang Park, one of the business parks owned by D&J China
Bain Capital Credit’s special situations strategy became “Bain Capital Special Situations” in Fall 2022.
HONG KONG and SHANGHAI, July 12, 2019 – Bain Capital Credit and D&J China, the country’s leading developer, owner and operator of office/innovation and manufacturing parks, today jointly announced that Bain Capital Credit has committed an investment of US$300 million in D&J China to help accelerate the Chinese company’s next phase of growth. The investment will support D&J China’s further expansion in top-tier cities around the country.
With a proven track record and strong management expertise, D&J China demonstrates great potential to further grow its footprint and create value. 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.
Dongping Sun, Chief Executive Officer of D&J China, said: “D&J China is very pleased to enter into this strategic cooperation with Bain Capital Credit. 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.”
About Bain Capital Credit
Bain Capital Credit (www.baincapitalcredit.com) is a leading global credit specialist with approximately USD 41 billion in assets under management. Bain Capital Credit invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans and equities. Our team of more than 200 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests across asset classes including private equity, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus. Bain Capital Credit's dedicated Private Credit Group focuses on providing complete financing solutions to businesses with EBITDA between USD 10 million and USD 100 million located in North America, Europe and Asia Pacific. Our dedicated global team affords us the ability to diligence the most complex situations and provide private capital to those companies.
About D&J China
D&J China (www.djchina.com), China’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. Co-founded by Warburg Pincus in 2014 and headquartered in Shanghai, D&J China is one of the largest office/ innovation park owners and operators in China’s top tier cities, with a portfolio spanning across diversified real estate assets such as Grade-A offices, R&D centers and light industrial workshops.