Southeast Asia
GIC emerges as final bidder for Grosvenor luxury hotel
Government of Singapore Investment Corp. (GIC) has emerged as one of the final contenders vying to acquire the Grosvenor House Hotel, owned by the Royal Bank of Scotland Group PLC.
Mekong Capital divests Vietnamese retailer Mai Son
Mekong Capital has fully offloaded its investment in Vietnamese luxury fashion retailer Mai Son Joint Stock Company, for an undisclosed amount.
Vietnam Q&A: Chris Freund
Chris Freund, Managing Partner at Mekong Capital, talks about investing in, and fundraising for, Vietnam.
Khazanah, Fortis – and GIC? – square off for Parkway
Execution risks, possible challenge, in partial offer
GIC RE plans IPO for Japan assets
GIC Real Estate, the real estate arm of state-owned Government of Singapore Investment Corporation (GIC), is reportedly aiming to list a large portion of its property assets, potentially raising between $500 million and $1 billion, at an unconfirmed venue,...
Temasek arm does China food venture for Sing
Singbridge International Singapore Pte Ltd, a wholly-owned unit of Singapore SWF Temasek Holdings, has signed an agreement with the Municipal Government of Jilin province in northeast China to build a JV "food security" food zone.
Khazanah seeks Parkway takeover
Malaysian SWF Khazanah Nasional is seeking to raise its stake in Parkway Holdings, the Singapore hospitals business recently exited by TPG Capital to India's Fortis Healthcare, from its present 23.5% to 51.5%, for some S$1.18 billion ($835 million).
Li Ka-shing fund, Infocomm, Skype founders invest Singapore's GuardTime
Hong Kong tycoon Li Ka-Shing's early stage Horizon Ventures fund, and Ambient Sound Investments, established by the four founding engineers of Skype Technologies, have joined in an $8 million Series A round for Singapore-based GuardTime Ltd., a data security...
Valco plans $1bn Indonesia port deal
Valco Capital Partners, the private equity arm of UK strategic advisory and turnaround group Hilco UK Ltd., is preparing to spend up to $1 billion on a 9.36% stake in PT Freeport Indonesia, the country's largest gold and copper mining company, according...
Temasek makes ex-SGX Hsieh President
Temasek Holdings has appointed former Singapore Exchange CEO Hsieh Fu Hua as executive director and the new president of the $122 billion Singapore SWF.
Temasek loses Indonesia competition appeal
Singapore SWF Temasek Holdings has lost its final appeal before Indonesia's Supreme Court in an anti-monopoly case concerning its positions in cellular providers PT Telekomunikasi Selular (Telkomsel) and PT Indosat.
Sindicatum Carbon preps pre-IPO placement
Sindicatum Carbon Capital, a Singapore-headquartered clean energy projects developer, has announced that it is preparing a $100 million private placement with three private equity firms prior to its planned listing.
Navis backs new Nirula's expansion
Navis Capital is to invest more into Indian restaurant chain Nirula's to help fund a new expansion into seven to ten additional cities across the Subcontinent, according to Indian press reports.
Actis KS Distribution deal approved
Creates Asia’s largest oil/gas products business
NBIM to open in Singapore
Norges Bank Investment Management (NBIM), the manager of the $435.5 billion Norwegian Government Pension Fund, has announced plans to open a Singapore office to complement its current Asian presence in Shanghai.
GIC SI invests Fortis
GIC Special Investments, the private equity and alternatives arm of the Singapore SWF, is making an $84.5 million investment in India's Fortis Healthcare, for around 6.58% of the company's expanded capital.
Leopard gets seafood takeaway with Nautsico
Asian frontier investor Leopard Capital's Leopard Cambodia Fund has taken a 31.48% stake in Cambodia’s largest seafood processing plant, Nautisco Seafood Manufacturing Ltd., for an undisclosed sum.
CVC fastens Acument Asian assets deal
CVC Capital Partners has won an auction against Kohlberg Kravis Roberts & Co. and Unitas Capital for the Asian assets of fastener manufacturer Acument Global Technologies, estimated at around $300 million.
Actis announces KS Distribution deal
Actis has partnered with SGX-listed energy services company KS Energy in a $230 million deal to create Asia's largest oil, gas and marine products distribution business, KS Distribution.
VinaCapital announces two new investments
Vietnamese asset management company VinaCapital Group has announced two new investments, made from its growth capital-focused VinaCapital Vietnam Opportunity Fund (VOF) and its Vietnam Infrastructure Ltd (VNI) fund.
Choi steps down at VinaCapital fund
Dr. Jonathan Choi, a non-executive director at the London AIM-listed VinaCapital Vietnam Opportunity Fund, has resigned from his position.
New Century IPO shrinkage, scrapping sends mixed SGX exit signals
Singapore's biggest prospective IPO so far in 2010, the S$666.4 million ($484 million) listing of China's New Century Shipbuilding, was withdrawn at the last minute, reportedly over disclosure issues in its prospectus.
IFC may back Asia water fund
The International Finance Corporation is considering an investment into the AmKonzen Asia Water Fund, a new Singapore-based vehicle targeting to raise up to $100 million for investments into PRC and Southeast Asian water projects.
Temasek moves into Canada/Panama mining with Inmet
Singapore SWF Temasek Holdings has invested C$500 million ($488 million) in Toronto-listed Inmet Mining Corp., for around 14.15% of the company.