Singapore
GrabTaxi's scale proposition
Two tears ago, Anthony tan was pitching taxi fleets in Kuala Lumpur. His idea for a mobile phone app that could be used to make taxi bookings came runner-up in Harvard Business School's (HBS) 2011 business plan contest. Turning it into a reality was proving...
Singapore payment platform Fastacash secures $4m
Singapore-based payment platform Fastacash has secured a $4 million Series B round of funding from Jagdish Chanrai, principal of Kewalram Chanria Group, and Golden Oriole Investments.
GIC, Insight buy US software firm, Warburg Pincus exits
Singapore sovereign wealth fund GIC Private has joined Insight Venture Partners in its $752 million purchase of iParadigms, a US maker of anti-plagiarism software, from Warburg Pincus.
China's Alibaba to buy 10% stake in Singapore Post
Alibaba Group has agreed to buy a 10.35% stake in Singapore Post (SingPost) for S$312.5 million ($249 million), becoming the second-largest shareholder in the national postal service provider.
KKR agrees $1.1b deal for Singapore's Goodpack
KKR has agreed to buy Goodpack, the world’s largest manufacturer of intermediate bulk containers (IBCs), for S$1.4 billion ($1.1 billion). It plans to delist the company from the Singapore exchange.
Accelerator fundraising: Backing the batch
The start-up accelerator can offer attractive opportunities for early-stage investors but the business model is still in its infancy and educating potential backers can still be challenge
IMC PE unit invests in Singapore's Q&M Dental
Heritas Helios Investments (HHI), a healthcare PE fund seeded by Singaporean conglomerate IMC, has acquired a 10% stake in Q&M Dental Group from existing shareholders for S$30 million ($24 million).
VCs invest $1.3m in Japan mobile rewards platform
Gree Ventures, CyberAgent Ventures and Incubate Fund have together invested $1.3 million in Yoyo, the start-up behind mobile rewards platform Candy.
KKR in talks to buy Singapore packaging company - report
KKR is said to be in advanced talks to buy Goodpack, the world’s largest manufacturer of intermediate bulk containers. The Singapore-listed company has a market capitalization of around S$1.3 billion ($1.1 billion).
GIC invests $84m in Philippines hospital business
GIC Private has agreed to invest PHP3.7 billion ($84.5 million) for a 14.4% stake in hospital business of Philippines-based conglomerate Metro Pacific Investments Corp.
Monk's Hill Ventures launches $80m Southeast Asia fund
Monk’s Hill Ventures, a Singapore-based VC firm, has launched a S$100 million ($80 million) fund to support the growth of start-ups in Southeast Asia.
KV Asia in Singapore aged care buyout
One in every three people in Singapore will be aged 65-plus by 2050, based on current birth rates and without an influx of youthful migrants. The country’s median age will rise to 55, up from the current level of 39. Just over the next seven years, the...
KV Asia buys Singapore nursing home business
KV Asia Capital has bought a 100% interest in Orange Valley Healthcare, a Singapore-based nursing home provider that operates approximately 1,000 beds across six facilities.
Life sciences player NuSep gets PE funding for Singapore unit
Xeraya Capital, a life sciences investor controlled by Khazanah Nasional, and PE fund JP Asia Prime Capital have invested S$16 million ($12.8 million) in PrIME Biologics, a subsidiary of NuSep that specializes in therapeutic plasma products.
RRJ, Temasek back ING insurance unit
RRJ Capital and Temasek Holdings have agreed to invest EUR1.28 billion ($1.8 billion) in NN Group (NNG), the insurance unit of Dutch lender ING Group.
L Capital Asia buys restaurant chain Crystal Jade
L Capital Asia, a private equity firm sponsored by French luxury goods conglomerate LVMH, has agreed to buy a majority stake in Chinese restaurant group Crystal Jade.
SingTel Innov8, Foxconn back Singapore's KAI Square
KAI Square, a Singapore-based video analytics firm, has obtained S$4 million ($3 million) in Series B funding from Foxconn Technology Group and SingTel Innov8.
Singapore government backs six local VC funds
The Singapore government has committed S$10 million ($7.9 million) apiece to funds run by Jungle Ventures, Golden Gate Ventures, SBI Ven Capital, Walden International, New Asia Investments and Monk’s Hill Ventures.
Temasek opens up PE portfolio to outside investors
Temasek Holdings has launched a co-investment vehicle, allowing six outside institutional investors exposure to its PE funds portfolio. It is part of a broader effort to include new investors that will ultimately involve retail participation.
Singapore VC: Silicon dreams
Buoyed by government support and increasing private sector interest, Singapore has created a legion of tech start-ups that now require further investment. Can it become Southeast Asia’s answer to Silicon Valley?
Singaporean investor Temasek opens London office
Temasek Holdings has established an office in London to support its investment interests in Europe, the Middle East and Africa. A New York base is expected to become operational later this year.
Northstar enters Southeast Asia VC space
The Northstar Group, a Singapore-headquartered private equity firm with significant interests in Indonesia, is expanding its franchise to include venture capital. The VC unit is called Silicon Island, in reference to Singapore’s ambition to become a regional...
Temasek pays $5.7b for stake in Li Ka-Shing's A.S. Watson
Temasek Holdings has agreed to buy a 24.95% stake in A.S. Watson, a health and beauty retailer owned by Hong Kong tycoon Li Ka-Shing, for HK$44 billion ($5.7 billion). A.S. Watson was seeking a dual listing in Hong Kong and London but this plan has now...
Fund administrator Augentius hires Asia head
Augentius has appointed Alex Traub as managing director of its Singapore office from where he will manage the fund administrator’s existing client relationships in Asia and take the lead in business development.