Warburg Pincus LLC agreed to acquire 50% stake in life sciences interests in Asia from Lendlease Group (ASX:LLC) for approximately AUD 147 million on May 17, 2024. The consideration consists of approximately AUD 147 million in cash. As part of the consideration, AUD 147 million was paid towards assets.

The transaction is subject to certain completion adjustments and conditions precedent, including third party consents.