Jaguar Growth Partners (Jaguar), a privately-held investment management firm focused on real estate companies and operating platforms in growth markets globally, announced the acquisition of Brilliant (Shanghai) Enterprise Management Consulting (Brilliant), a leading Chinese warehouse, distribution and logistics property company.
With this acquisition, Jaguar cements its first investment in China and establishes a strong presence in the burgeoning logistics sector. Brilliant is one of the most active logistics and warehouse property development companies in China, with 1 million square meters (10.8 million square feet) of gross floor area (GFA) under construction and over 1 million square meters in the pipeline. Brilliant’s current projects include Guangzhou Huadu Logistics Park, Chongqing Shuangkai Logistics Park, Jinshan Langxia Logistics Park, Kunming Logistics Park, Nanjing Jiangning Logistic Park, Shenyang Yuhong Logistics Park, Langfang Anci Logistics Park, Shanghai Jiading Logistics Park and Xuzhou Logistics Park.
Jaguar is partnering with Jason Lee, Han Chen, and Jason Hsu via JHJ Logistics Ltd (JHJ). JHJ is led by Mr. Lee, a 22-year veteran of The Carlyle Group, where he served as head of the firm’s Asia real estate platform. Prior to the formation of JHJ, Messrs. Chen and Hsu were also executives with The Carlyle Group Asia, based in Hong Kong and Shanghai.
“The acquisition of Brilliant continues our successful track record of investing in the Chinese logistics sector, where we have developed and managed 2.8 million square meters across 26 projects since 2013,” said Jason Lee. “We are thrilled to join forces with Jaguar as we significantly accelerate the growth of Brilliant.”
“We are excited about Jaguar’s prospects in Asia, drawing from our history and relationships in the region,” said Gary Garrabrant, CEO of Jaguar. “We believe Brilliant is a differentiated logistics property company, ideally positioned to capitalize on the significant unmet tenant demand in China’s first and second-tier cities.”
The principals of JHJ, Jaguar’s partner, have previously raised and deployed over $2.4 billion in capital for real estate investments across Asia, including $1.2 billion of equity invested in China since 2004. They will assume leadership roles in Brilliant, which comprises experienced professionals with backgrounds in Chinese logistics and real estate development. Tony Li, who previously held executive roles at Goodman Group and Everbright Ashmore, will also join the Brilliant leadership team as Chief Operating Officer.
“We are privileged to join forces with Jason Lee and his partners in China, building the foundation for our business in Asia,” added Mr. Garrabrant. “We’ve successfully invested in logistics platforms on multiple continents and to seek to extend our success with Brilliant.”