Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Warburg Pincus LLC (Warburg Pincus) and its affiliates on the expansion of their partnership with Kio Investment Management (Kio) and the establishment of a new expanded venture with additional capital commitments.
The venture proposes to invest in build-to-rent (BTR) and expand into purpose-built student accomodation (PBSA) projects across Australia with the total capital commitment expected to support the development of a rental living portfolio with an end value of A$2.5 billion.
Warburg Pincus is a leading global private equity firm with approximately US$105 billion in assets under management, specialising in investments across multiple sectors including real estate. Kio is a Sydney-headquartered alternative investment manager focused on scalable real asset strategies.
The transaction was led by corporate partner Adam Foreman and his team, including special counsel Marina Pappas and senior associate Ronnie Duan, real estate partner David Ellenby and his team, along with support from partners Fadi Khoury, Ian Reynolds, Megan Russell and their teams across the firm’s financial services and funds, banking and finance and regulatory practices.
Commenting on the matter, Adam Foreman said: “We are pleased to advise Warburg Pincus on yet another significant venture that will expand its Australian real estate portfolio across the BTR and PBSA sectors.
“The transaction demonstrates Corrs’ ability to combine corporate and commercial real estate expertise on complex real estate transactions and its market leading experience advising private capital on these types of real estate platforms and joint ventures.”
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Corrs advises Warburg Pincus on proposed acquisition of CreditorWatch
Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised Warburg Pincus on its proposed acquisition of Commercial Credit Holdings Limited, the holding company of CreditorWatch, by way of a scheme of arrangement.
Warburg Pincus is a leading global private equity firm with more than US$105 billion in assets under management. CreditorWatch is a leading Australian commercial credit reporting and risk analytics platform, serving more than 10,000 customers and employing over 230 people.
The transaction was led by head of corporate Sandy Mak and corporate partner Adam Foreman, supported by special counsel Mary Brady and senior associate Steph Craw, and a team of experts across the firm’si ntellectual property, regulatory, employment, labour and safety, real estate, banking and finance, tax and litigation practices.
Commenting on the matter, Corrs head of corporate, Sandy Mak said: “We are delighted to advise Warburg Pincus on this significant transaction. CreditorWatch has built a leading credit reporting and business intelligence platform, and Warburg Pincus’ investment positions the business strongly for its next phase of growth, innovation and expansion.”
Adam Foreman added: “The transaction highlights Corrs’ expertise in advising global private equity sponsors on significant Australian M&A transactions and reinforces Corrs’ reputation as an Australian law firm of choice for complex transactions in the technology sector.”
