Southeast Asia
GIC links with three banks ahead of GLP IPO
Singaporean SWF GIC has reportedly linked with three banks – UBS, DBS and the China International Capital Corp. (CICC) - to manage the IPO process of its Global Logistic Properties (GLP) unit, said to be worth as much as $3 billion.
Aureos invests $4.16 million in Malaysia's TF Wholesale
The Aureos Malaysia Fund has made its third major investment since its 2007 launch, infusing $4.16 million in retail hypermarket chain TF Wholesale and Distribution Sdn Bhd.
CIC targets US realty assets, Indonesian resources
China Investment Corporation (CIC), China's $300 billion sovereign-wealth fund, is reportedly in advanced talks to acquire half a dozen US-focused real estate fund holdings from Harvard University's endowment, in a deal estimated at about $500 million.
Cheung Kong's real estate fund invests $104 million in Malaysian asset
ARA Asset Management (ARA AM), the Singapore-based private equity real estate and REIT management affiliate of Cheung Kong Group, one of the largest conglomerates in Hong Kong, has invested RM333 million ($104 million) in the 20-storey 1 Mont’ Kiara...
CVC and Standard Chartered win out in Acument Asia acquisition
CVC Capital Partners and Standard Chartered Private Equity Limited (SCPEL) have bested Kohlberg Kravis Roberts & Co. and Unitas Capital for control of the Asian operations of Acument Global Technologies, a fastener and assembly-solutions company, with...
Asian Lion invests Mindoro Resources,
Mining-focused PE fund Asian Lion has upped its stake in mineral explorer Mindoro Resources from 7.52% to 7.84% after purchasing more than 1.9 million shares.
Singapore's MDA and Gobi Partners to launch $74 million fund
China-based VC firm Gobi Partners has signed a deal with Singapore’s Media Development Authority (MDA) to launch a S$100 million ($74 million) Singapore-based fund aimed at encouraging domestic digital media companies set up shop in the Mainland market.
Primus-backed EON sets vote date for Hong Leong bid
Primus Pacific Partners-backed EON Capital Bhd., a Malaysian lender, has been given until August 19 to decide on its acquisition by Hong Leong Bank, which launched a $1.6 billion bid for the company.
H&QAP claims 11x return on Fabrinet after IPO
Long-established regional private equity firm H&Q Asia Pacific (H&QAP) has claimed an 11x return on its 1999 investment in Thailand-headquartered optical and electronic components foundry company Fabrinet, after the latter's IPO on the NYSE earlier in...
JPMorgan's Southeast Asia, India PE head Panandiker exits
MD of JPMorgan's private equity division in Southeast Asia and India, Vibhav Panandiker, has quit the bank a year and a half after assuming his role.
Temasek to sell Fraser and Neave stake to Kirin
Seletar Investments Pte Ltd., a wholly-owned subsidiary of Singapore SWF Temasek Holdings, will sell a 14.7% stake in Fraser and Neave Ltd. (F&N), the largest beverage company in Malaysia and Singapore, to Kirin Holdings Company, Ltd., Japan’s largest...
Khazanah wins Parkway
Malaysian SWF Khazanah Nasional has reportedly won the battle with Fortis Healthcare for control of Singapore hospital asset Parkway Holdings, after the latter opted to sell its entire 25.37% stake to Khazanah, as the SWF launched a $2.56 billion general...
White & Case hires Olier in Singapore
Former PE- and M&A-focused solicitor at Clifford Chance Jonathan Olier has joined law firm White & Case LLP in its Global Mergers & Acquisitions Practice as Counsel in Singapore.
JAFCO invests Singapore's Consilium
VC-focused JAFCO Asia has raised an undisclosed amount in Series A funding for Singapore-based Consilium Software, a communications solutions firm with operations in India, Southeast Asia, Taiwan and Canada.
IDG to boost Vietnam exposure through two new funds
The International Data Group (IDG) is reportedly set to launch two VC funds in Vietnam in the next two years, with a total capital of $400 million, targeting chiefly the IT field.
Navis VI nears $1.2 billion close
Leading Kuala Lumpur-headquartered regional investor Navis Capital Partners is approaching a $1.2 billion final close on its latest vehicle, Navis Asia Fund VI.
Carrefour to sell off SEA stores
French hypermarket chain Carrefour reportedly aims to put its subsidiaries in Malaysia, Singapore and Thailand up for sale in hopes of raising as much as $1 billion.
Carlyle in running for Pure Foods, no CVC bid
The Carlyle Group has entered a bid for 49% of Pure Foods, the division of Philippines conglomerate San Miguel opened by the parent for investment, with CVC Capital Partners - which was previously linked with the asset - reportedly not entering a bid.
Temasek expects to issue $1.07 billion of sterling bonds
Temasek Holdings, the Singaporean SWF, expects to sell its first sterling-denominated bonds for $1.07 billion equivalent of debt, in a mixture of 12-year and 30-year paper.
San Miguel evaluates Carlyle, CVC Pure Foods buyout offers
Philippines conglomerate San Miguel Corp. said it is reconsidering offers from the Carlyle Group and CVC Capital Partners to buy 100% of its subsidiary Pure Foods, coming as it weighs the three domestic and one offshore offers it reportedly received last...
Khazanah may boost Parkway offer to beat Fortis
Following an offer by Malaysian sovereign wealth fund Khazanah Nasional to take a 51.5% stake in Singapore-based hospital group Parkway Holdings for $835 million, or S$3.78 ($2.75) a share, Khazanah is considering offering S$4.00 ($2.90) a share in order...
Aureos exits Truong Thanh Furniture, its first Vietnam exit
The Aureos South-East Asia Fund LLC (ASEAF), managed by emerging markets investor Aureos Capital, has fully exited Truong Thanh Furniture Corporation after three and a half years - its first exit in Vietnam.
Lombard targets Philippines healthcare with The Medical City
Veteran Asian investment firm Lombard Investments has announced a follow-on investment into The Medical City, a market-leading private healthcare group in the Philippines, for an undisclosed amount.
Temasek explains, may expand SeaTown role
As part of the release of its annual report, Singapore SWF Temasek Holdings has publicized further details of its new semi-autonomous investment arm SeaTown Holdings, reported as registered in February this year, and may expand the S$4 billion ($2.9 billion)...