Straits Trading Company Ltd (STTSY.PK)
SINGAPORE ARA Asset Management Ltd's founder is teaming up with private-equity firm Warburg Pincus and other investors to buy out the Singapore-listed real estate fund manager in a deal that values the company at $1.28 billion.
* DBS Bank Ltd and Goldman Sachs (Singapore) Pte. are joint financial advisers to offeror in connection with acquisition
SINGAPORE The founder of ARA Asset Management Ltd , which manages S$30 billion ($21.7 billion) in Asian property assets, is teaming up with Warburg Pincus and other investors to buy out the real estate fund manager, sources familiar with the matter said on Friday.