Singapore
Blackstone nabs StarHub Green for $210m - report
The Blackstone Group is thought to have purchased Singapore’s StarHub Green building for $210 million, in its first major real estate acquisition in the city state.
Temasek generates $2.5b from China banks sell down
Temasek Holdings has sold down $2.48 billion of shares in Bank of China (BoC) and China Construction Bank (CCB). It comes less than a month after the Singapore sovereign wealth fund picked up a $2.3 billion stake in Industrial and Commercial Bank of China...
Nanostart launches Asia Pacific arm in Singapore
German-based nanotechnology VC investor Nanostart has created a new company, Nanostart Asia Pacific, as part of its expansion into the region.
Profile: Vickers Capital's Finian Tan
One of the men who bet on Baidu before anyone knew what it was, Vickers Capital founder Finian Tan worked as a counselor, university don, oil trader and politician before settling on venture capital
Navis' Adampak takeover offer now unconditional
Navis Capital Partners has announced that its S$110.7 million ($87.9 million) takeover offer for Singapore-listed Adampak has become unconditional, making its proposed acquisition of the label company almost guaranteed.
KKR in new push for MMI IPO – report
KKR has reportedly revived plans to exit MMI International, the precision-engineering company it took private in 2007, through a Singapore IPO. The offering could generate $400-500 million, but it is unclear how much of its holding the private equity...
CVC plans $2b Formula One IPO in Singapore - report
CVC Capital Partners is heading towards a $2 billion initial public offering (IPO) for Formula One Group in Singapore. The private equity firm may sell a 20% stake in the motor racing series and complete the sale as early as June.
Temasek president seeks winding up of Primus' Singapore unit
The Singapore unit of Primus Pacific Partners is being sued by Lee Theng Kiat, president of Temasek Holdings, over S$67,802 ($53,760) in unpaid rent on a bungalow. According to papers filed with the Singapore High Court, Lee and his wife are seeking a...
Navis proposes $88m buyout of Singapore-listed Adampak
Navis Capital Partners has completed a S$110.7 million ($87.9 million) buyout of Adampak, a Singapore-listed label company. The PE firm can take Adampark private once the offer is accepted by more than 90% of the company's shareholders.
DBS to buy Temasek's stake in Bank Danamon Indonesia
Singaporean lender DBS Group will buy Temasek Holdings’ majority stake in Bank Danamon Indonesia for about $4.9 billion. Already Southeast Asia’s biggest bank, DBS sees the acquisition as a means of accessing the region’s largest economy, which grew nearly...
Temasek-backed Eircom applies for court protection over $4.8b debt
Eircom, the telecoms operator owned by Singaporean sovereign wealth fund Temasek, has applied for court protection to allow it to restructure its EUR3.75 billion ($4.8 billion) debt pile.
Temasek names ST Telemedia CEO as general counsel, president
Temasek Holdings has named Lee Theng Kiat, CEO of portfolio company ST Telemedia, as its new general counsel. Lee, 59, will also serve as a president of the sovereign wealth fund, alongside John Cryan and Gregory Curl, presidents of Europe and Latin America,...
Shaw Kwei completes second Singapore take-private in two months
Greater China and Southeast Asia-focused private equity firm Shaw Kwei & Partners has completed the privatization and delisting of CHT, the largest global PVC adhesive tape manufacturer. It is Shaw Kwei’s second Singapore take-private deal in two months....
F&H backs Song brothers' singing school
Ask Chinese music fans to name famous Singaporean exports, and they’re likely to mention Stephanie Sun and JJ Lin. Aside from both being hugely popular in China’s Mando-pop scene, what each of these singers has in common is that they were both trained...
Tata Capital to offer private investment banking in Singapore
Tata Capital will set up a private investment banking business in Singapore with a view to starting operations within two years. It plans to focus on private equity and fund management capabilities as well as wealth management and securities broking....
F&H invests in Wise Entertainment
F&H Fund Management has invested in Singapore's Wise Entertainment - a company named after the city state's twin composers and music producers Lee Wei Song and Lee Si Song (Wei) and (Si).
Axiom raises $1b for third Asia fund-of-funds
Singapore-headquartered independent fund-of-funds manager Axiom Asia Private Capital has reportedly raised more than $1 billion for its third fund.
EQT Partners invests in China Healthcare
EQT Partners has teamed up with the founder of China Healthcare and put in a cash offer to take the Singapore-listed company private. The deal values China Healthcare at S$80.4 million ($64 million).
Sequoia, Accel sell Amobee to SingTel
Sequoia Capital and Accel Partners have agreed to sell US-based mobile advertising start-up Amobee to SingTel, Southeast Asia’s largest cell phone company, for $321 million.
IFC provides $20m loan to Baring-backed GIIS
International Finance Corp. (IFC) has provided a loan of up to SGD25 million ($20 million) to Global Indian International School (GIIS), which is backed by Baring Private Equity Asia.
MMI relies on US investors for $300m high-yield bond
KKR-owned MMI International successfully issued its $300 million high-yield bond, principally attracting interest from US investors due to their familiarity with the sector and the company’s customer base. The five-year non-call bond was priced at a yield...
Shaw Kwei in take-private deal for Singapore electronics firm
Shaw Kwei & Partners has delisted electronics manufacturer Beyonics Technology from the Singapore Stock Exchange. This follows a $110 million buyout by Channelview Investment, a subsidiary of the private equity firm.
Temasek backs US online ad startup
Temasek Holdings has led a $30 million round of investment in Marin Software, a San Francisco-headquartered advertising management platform. The company has now attracted more than $80 million from VC and PE backers.
CapAsia acquired by US hedge fund
Singapore-based private equity infrastructure investor CapAsia has been acquired by The Rohatyn Group (TRG), a US-based hedge fund focused on emerging markets.