GIC in talks to buy Yes Communities: WSJ

GIC is in talks to buy Denver-based Yes Communities, the Wall Street Journal reported, citing people familiar with the matter.
GIC is in talks to buy Denver-based Yes Communities, the Wall Street Journal reported, citing people familiar with the matter.PHOTO: BLOOMBERG

SINGAPORE (REUTERS) - Singapore's sovereign-wealth fund GIC is in talks to buy Denver-based Yes Communities, an owner of manufactured-housing communities, in a US$2 billion (S$2.71 billion) deal, the Wall Street Journal reported, citing people familiar with the matter.

The talks with private equity firm Stockbridge Capital Group could still break down, the WSJ said. Yes owns or operates 178 communities in 17 American states.

GIC declined to comment. Yes Communities and Stockbridge Capital were not available for comments.