M&A Deal Summary

Warburg Pincus Acquires Tokyo Beta

On April 2, 2025, private equity firm Warburg Pincus acquired real estate company Tokyo Beta from Lone Star Funds

Acquisition Highlights
  • This is Warburg Pincus’ 20th transaction in the Real Estate sector.
  • This is Warburg Pincus’ 1st transaction in Japan.

M&A Deal Summary

Date 2025-04-02
Target Tokyo Beta
Sector Real Estate
Buyer(s) Warburg Pincus
Sellers(s) Lone Star Funds
Deal Type Secondary Buyout

Target

Tokyo Beta

Tokyo, Japan
Tokyo Beta offers a unique, convenient, and affordable rental housing option portfolio, primarily consisting of two-story, wooden-structured detached houses with shared spaces, including kitchens and bathrooms. The majority of the properties are strategically located near public transportation, providing easy access to major business hubs and educational institutions. Tokyo Beta is based in Tokyo, Japan.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 486 of 492
Sector: Real Estate M&A 20 of 20
Type: Secondary Buyout M&A Deals 66 of 70
Country: Japan M&A 1 of 1
Year: 2025 M&A 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-12 Beacon

New York, New York, United States

Beacon is a cloud-based platform for quant development that enables users to build custom trading and risk management applications. The integrated development environment and a web application framework make developing applications faster and easier. Beacon was founded in 2014 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-05 Ecom Express

New Delhi, India

Ecom Express is a provider of logistics solutions and last-mile delivery services in India. The company works with all major E-commerce and TV Shopping companies delivering shipments to end customers in 100 cities via 200 distribution centers. Ecom Express was established in 2012 and is based in New Delhi, New Delhi.

Sell Rs14.0B

Seller(S) 1

SELLER

Lone Star Funds

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 95.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lone Star Funds is a global private investment firm focused on investing across several strategies. The Firm's primary investment activity surrounds financial services and real estate. Lone Star generally looks to acquire distressed debt and equity assets including corporate, commercial real estate, single family residential and consumer debt products as well as banks and asset rich operating companies. Lone Star was formed in 1995 and is based in Dallas, Texas with additional offices across Western Europe and Asia.


DEAL STATS #
Overall 18 of 20
Sector: Real Estate M&A 2 of 2
Type: Secondary Buyout M&A Deals 10 of 10
Country: Japan M&A 3 of 3
Year: 2025 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-24 RadiciGroup - Specialty Chemicals and High Performance Polymers Business

Gandino, Italy

RadiciGroup's Specialty Chemicals and High-Performance Polymers Business offers a polyamide production chain, developed to be used in a variety of industrial sectors such as automotive, electrical and electronics, consumer goods, apparel, furnishings, construction, household appliances, and sport.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-15 Hillenbrand

Batesville, Indiana, United States

Hillenbrand is a diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. The company's portfolio is composed of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture, and service highly engineered industrial equipment around the world. Hillenbrand was founded in 1906 and is based in Batesville, Indiana.

Buy $3.8B