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ESR was formed in January 2016 as the result of a merger between e-Shang and the Redwood Group to form e-Shang Redwood which is better known as ESR. [4] [5] e-Shang was a Shanghai-based logistics platform that was co-founded by Shen Jinchu and Sun Dongping along with private equity firm, Warburg Pincus. [4]
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In November 2019, CMC and ESR Group launched the ESR Australia Logistics Trust, a A$350 million logistics real estate fund that would invest in Australian assets. [4] In November 2022, CMC was exploring a takeover offer for Chinese data center operator Chindata. It was listed on the Nasdaq and was backed by Bain Capital. [5]
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