GIC Private
TPG and GIC invest in Indonesian miner
TPG Capital and Singapore sovereign wealth fund GIC has brought a stake in PT Delta Dunia Makmur, Indonesia’s second largest coal mining contractor. The investors bought non-voting shares in Northstar Tambang Persada Ltd, a special purpose vehicle which...
Actis, GIC in Indian power deal
Emerging markets private equity specialists Actis and the Government of Singapore Investment Corporation will each invest $77 million into Indian power developer GVK Energy, a subsidiary of Hyderabad-based GVK Power and Infrastructure.
Actis, GIC invest $77 million in GVK Energy
One month after Indian power giant GVK Energy received a $182 million investment from 3i India, Actis and SWF the Government of Singapore Investment Corporation (GIC) have also pledged $77 million in the company.
PE picks up strategic stakes in CICC
Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance will together take a 34.3% stake in China International Capital Corporation (CICC), purchased from US investment bank Morgan Stanley,...
New Enterprise Associates beats competitors to invest $50 million in TutorVista
VC firm New Enterprise Associates (NEA) is set to invest $50 million in Indian education platform TutorVista Global, reportedly besting firms such as Baring Private Equity Asia, ICICI Venture, Multiples Alternative Asset Management, Standard Chartered...
SWF-backed ZhengTong Auto earns $470 million in IPO, trades at slight premium
ZhengTong Auto Services Holdings, backed by institutions such as sovereign wealth funds the China Investment Corp., Government of Singapore Investment Corp. (GIC) and Singapore’s Temasek Holdings, has raised $470 million from its IPO, and saw its share...
Morgan Stanley exits its entire stake in CICC with government approval
The China Securities Regulatory Commission (CSRC) has finally approved Kohlberg Kravis Roberts, TPG Capital, the Government of Singapore Investment Corporation and Great Eastern Life Assurance’s purchase of Morgan Stanley’s 34.3% stake in Mainland...
ADIA, CIC, GIC, OTPP invest BTG Pactual
Brazilian investment bank BTG Pactual has received $1.8 billion from an investment consortium led by the Abu Dhabi Investment Council, the China Investment Corporation, the Government of Singapore Investment Corporation, Canadian pension fund Ontario...
KKR’s China Modern Dairy IPO sees modest yield
Kohlberg Kravis Roberts & Co. (KKR) investee China Modern Daily, one of the largest domestic dairy farm companies in China, listed in Hong Kong last week, targeting to raise HK$3.5 billion ($448 million).
JPMorgan, GIC investee Ballarpur seeks paper listing on LSE
Ballarpur Industries, which claims to be India's largest paper manufacturer, plans to set up a new UK-incorporated holding company for its unit Ballarpur International Graphic Paper Holdings (BIGPH), 20.47% invested by JPMorgan Principal Investment and...
GIC, Temasek to list investees in return of big SGX IPOs
Global Logistic Properties Ltd. (GLP), the international logistics business owned by Singapore SWF the Government of Singapore Investment Corp. (GIC), plans to raise S$3.45 billion ($2.64 billion) in an SGX listing which could be the largest in Singapore...
Singapore's National Research Foundation plans startup fund
The National Research Foundation (NRI) of Singapore is to put S$50 million ($38.1 million) into a startup funding scheme to attract experienced entrepreneurial talent to the city-state and support locally-established startup companies, according to NRF...
“Big boys” battle it out in India
The mid-cap space is what makes Indian PE tick - even for larger firms
GIC to bolster focus on Asia's emerging markets
The Government of Singapore Investment Corp. (GIC) has bolstered its focus on investments into Asia’s emerging markets, and aims to continue taking on more equity risk in hopes of garnering higher returns, GIC revealed in conjunction with its annual...
TutorVista taps ICICI, NEA, Temasek, others in $50 million round
Indian educational platform TutorVista Global has attracted interest from firms including Baring Private Equity Asia, ICICI Venture, New Enterprise Associates and Singapore's GIC and Temasek Holdings, as well as existing investors such as Lightspeed Ventures...
GIC hires RREEF Director to head up India realty team
The Government of Singapore Investment Corporation (GIC) has appointed Kishore Gotety, former executive at RREEF Alternative Investments, a division of Deutsche Bank, as Country Head for India real estate.
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.
Fortis bids $2.3 billion for Parkway
Following Malaysian SWF Khazanah Nasional Bhd.’s $835 million bid to gain 51.5% of Parkway Holdings, Asia Pacific’s largest hospital management firm, Indian hospital operator Fortis Healthcare has offered $2.3 billion to acquire Parkway, putting pressure...
Parkway Holdings playing hardball
The leading contenders to take majority control of Singaporean hospital management firm Parkway Holdings Ltd. have separately experienced hurdles in their quest to obtain their acquisition target, extending the highly contested race that began in March.
GIC to defer preferential investment in Fortis
The Government of Singapore Investment Corp. (GIC) is aiming to defer its $82 million preferential investment in Indian hospital management firm Fortis Healthcare, the latest turn in the highly contested race to take control of Parkway Holdings.
Consortium to invest $279.5 million into Tangshan Jidong Cement
A consortium of investors including Singapore's GIC, New Horizon, and US multi-strategy firm Siguler Guff,plans to invest more than RMB1.9 billion ($279.5 million) into Tangshan Jidong Cement Co., a PRC cement business, to take a 10% stake in the Shenzhen-listed...
GIC’s logistics unit to rake in $700 million in anticipated IPO
The Government of Singapore Investment Corp (GIC), the city-state’s leading SWF, is set to launch an initial public offering for its logistics arm later this year, with the aim of raising at least S$1 billion ($707 million).
Indian government may limit Temasek, GIC ICICI holdings
The Indian finance ministry and the Reserve Bank of India have lodged a query with the Securities & Exchange Board of India (SEBI) over a proposal that Temasek Holdings and the Government of Singapore Investment Corporation (GIC) should increase their...
SWF survey shows image shortfall
Sovereign wealth funds (SWFs), as well as private equity in general, may have a significant problem with acceptance even in some of the Asian markets most closely associated with them, according to a recent report, the Sovereign Brands Survey 2010, conducted...