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Carlyle Group to invest $200M in strategic partnership with Shanghai Yupei

The Carlyle Group and The Townsend Group announced a strategic partnership with Shanghai Yupei Group to invest in 17 modern warehouses in China. Carlyle and Townsend will commit approximately $200M to acquire equity interests in five warehouses owned by Shanghai Yupei Group and to build 12 new warehouses in the next two years. Shanghai Yupei Group will also invest $200M, bringing the total equity commitment of the strategic partnership to $400M.