Latham Advises Warburg Pincus on Partnership With SK D&D and DD Investment

Latham & Watkins, deploying several offices led by its Seoul and Hong Kong teams, has advised Warburg Pincus on its joint agreement with SK D&D, one of South Korea’s largest multifamily operators and developers, and D&D Investment, the subsidiary asset management arm of SK D&D, to invest in the senior housing market in South Korea. This partnership will focus on acquiring and developing senior housing for the senior population in the Greater Seoul Area.

The venture marks Warburg Pincus’ first investment in the living sector in South Korea and includes three strategically located assets in Seoul’s most amenitized districts.

The Latham team was led by Hong Kong corporate partner Richard Watkins, with Seoul counsel Regina Kim. Advice was also provided on compliance matters by Bay Area partner Christopher Frey, with Beijing associate Yan Bao.