Goldman Loans $120M To Warburg-Backed Warehouse Firm

Law360, New York (December 12, 2013, 2:03 PM EST) -- Goldman Sachs Group Inc. has agreed to provide a $120 million pre-initial public offering loan to Shanghai-based warehouse developer e-Shang, which was co-founded by U.S. private equity firm Warburg Pincus LLC two years ago, e-Shang announced Thursday.

Goldman Sachs' $120 million pre-IPO loan will help e-Shang capitalize on significant growth opportunities in the logistics sector driven by rising urbanization, a continued shift toward a consumption-based economy, and strong government support to build out comprehensive logistics infrastructure in China, e-Shang said in a statement.

Additionally, Warburg Pincus,...
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