GIC Private
RRJ, Blackstone boost holding in Cheniere Energy
RRJ Capital and GSO Capital, The Blackstone Group’s credit arm, have bought the bulk of $372 million in shares issued by Cheniere Energy Partners, a limited partnership that controls America’s fire liquefied natural gas (LNG) export plant.
TPG-backed Li Ning to issue $241m in convertible securities
Li Ning, the Chinese sportswear retailer backed by Government of Singapore Investment Corporation (GIC) and TPG Capital, saw its stock drop 13.8% to HK$5.35 in Friday morning trading after announcing a plans to raise as much as HK$1.87 billion ($241 million)...
GIC appoints Lim Chow Kiat as CIO
Government of Singapore Investment Corporation (GIC) has named Lim Chow Kiat as its new group chief investment officer, effective February 1. Lim, currently the sovereign wealth fund’s deputy CIO, will replace Ng Kok Song, who is retiring after 42 years...
TPG-backed Li Ning warns of loss for 2012
Li Ning, the Chinese sportswear retail group backed by Government of Singapore Investment Corporation (GIC) and TPG Capital, will record a substantial net loss for the year based on its preliminary review for the 11 months ended November.
Asia fundraising: Emerging LPs
Led by a clutch of sovereign wealth funds, Asia’s emerging LPs are looking to boost their alternatives exposure. Fund managers in search of allocations must find out what makes these institutions tick
LPs chose direct route into Indian property
APG Asset Management, the group responsible for one-third of all collective pension schemes in the Netherlands, plans to make direct investments into Indian real estate rather than make commitments to private equity funds.
Li Ning founder sells 25% in TPG-backed sportswear retailer
Chinese former Olympic gymnast Li Ning has agreed to sell a 25% stake in the sportswear company that bears his name – and counts TPG Capital among its investors – to Viva China, a Hong Kong-listed talent management agency. A company wholly owned by...
TPG-backed Li Ning loses CFO
Yik-Kay Chong, executive director and CFO of TPG Capital-backed Li Ning, is leaving the company, effective November 1. The news follows the departure of CEO Zhang Zhiyong who spent more than two decades with the Chinese sportswear retailer.
Carlyle-backed China Pacific taps sovereign funds
China Pacific Insurance, a portfolio company of The Carlyle Group, has sold HK$10.4 billion ($1.3 billion) in new shares to Government of Singapore Investment Corp. (GIC), Norges Bank and Abu Dhabi Investment Authority (ADIA).
Northstar, GIC in $200m Indonesian oil deal
Northstar Pacific Partners and Government of Singapore Investment Corporate (GIC) have reportedly invested $200 million in Triputra Agro Persada, an Indonesia oil producer. It isn’t the first time the two have co-invested in natural resources deal,...
CIC, GIC boost RRJ-backed Cheniere's LNG plant with $1b
China Investment Corporation (CIC) and Government of Singapore Investment Corp (GIC) are each said to have invested around $500 million in the liquefied natural gas (LNG) plant of US-based Cheniere Energy. This comes after Asia-focused private equity...
Asia PE investment: Korea makes a splash
With four deals of $350m or more in the last few weeks, South Korea has made its mark on Asia’s private equity investment league table. Why is it happening and can it continue?
Mengniu in talks to buy KKR-backed Modern Dairy - report
Hong Kong-listed China Mengniu Dairy, the country’s largest dairy producer, has reportedly held talks to acquire China Modern Dairy, the raw milk supplier in which KKR Asia Fund owns 24%.
Daewoo to sell $1.1b Kyobo Life stake to Affinity-led PE group
A group of investors led by Affinity Equity is buying a KRW1.2 trillion ($1.1 billion) stake in unlisted Kyobo Life Insurance, the smallest of South Korea’s Big Three life insurers, from Posco-owned Daewoo International.
GIC boosts cash exposure, warns of global volatility
Government of Singapore Investment Corp’s (GIC) exposure to alternative assets remained unchanged during the year ended March 2012 as cash reserves rose steeply at the expense of fixed income and developed market public equities holdings.
Blackstone gets co-investment rights in HK hedge fund
Private equity giant Blackstone Group has upped its exposure to Asia-focused hedge fund Senrigan Capital. By injecting a further $50 million into the vehicle, it will be able to co-invest with Senrigan on a number of projects.
Hero MotoCorp to merge with Bain, GIC-backed investment arm
Hero MotoCorp, India's largest two-wheeled vehicle manufacturer, approved a proposal to merge the investment arm of its parent company - Hero Investments - into the automaker. Private-equity funds Bain Capital and the Government of Singapore Investment...
Goldman Sachs invests in Alok Industries, CORE Education
Goldman Sachs has invested in Indian real estate asset Alok Industries and education solutions provider CORE Education & Technologies through two PIPE transactions.
ICICI Venture in talks to buy Maja Health Care
ICICI Venture is in talks to pick up a stake in Maja Health Care, a division of Vi-John Group that manufactures shaving cream and other personal care products.
Moolchand raises $18.7m from Sequoia Capital
Sequoia Capital has invested INR1 billion ($18.7 million) into New Delhi-based Moolchand Healthcare, with an aim to fund the company’s further expansion and acquisitions of hospitals across India.
India hospitals: Capital cure
Badly in need of consolidation and infrastructure investment, India’s hospital chains are an attractive target for private equity. But identifying suitable targets and getting them to scale up remains a challenge
Thakral board likely to reject Brookfield’s $424m buyout offer
The board of Thakral Holdings, the Australian hotel, retail and commercial property investor, is expected to reject a A$409.8 million ($424.2 million) takeover bid from Brookfield Asset Management. The Canadian private equity firm already owns a substantial...
Manipal Hospitals to raise $29m from private equity
Manipal Hospitals, India’s third largest healthcare group, is seeking as much as INR1.5 billion ($29 million) from private equity firms for a minority stake in order to fund expansion.
GIC, Baring invest $97m in India’s Marico
Government of Singapore Investment Corp. (GIC) and Baring India Private Equity will purchase a 4.8% stake in Marico, the leading Indian manufacturer of personal care products, for INR5 billion ($97.7 million). The proceeds will partly be used to finance...