Global Logistics Properties (GLP) announced on July 14, 2017 that it would be taken private for $11.6 billion in the biggest privatization ever in Asia. The consortium of buyers for the Singaporean-based company was led by Hillhouse Capital.
GLP has a strong presence in a number key global markets, including China, India, Brazil, the US and Europe and is the leading global provider of modern logistics facilities and technology-led solutions. Hillhouse brought expertise in leveraging technology to improve logistics operations and other areas of supply chain management to the partnership.
The offer was approved by more than 96% of shareholders and the company delisted from the Singapore Exchange on January 22, 2018.