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Bond Market News
ESR Receives Privatization Takeover Bid from Consortium
May 14, 2024
ESR Group Ltd. has received a takeover bid from a consortium of investors – Starwood Capital Group, Sixth Street Partners and SSW Partners. It is a non-binding and conditional proposal for a possible privatization takeover bid for the company. According to sources, some existing investors could rollover part or all of their stake in any deal. No further details were available. ESR is the one of the biggest real-asset managers in APAC, with a focus on logistics and data centres. The company has ~$156bn in AUM.
ESR’s bonds traded stable with its 5.1% 2025s at 99.95 cents on the dollar, yielding 5.15%
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