Singapore
Temasek buys stake in Asia-focused Ivanhoe Mines
Temasek Holdings has purchased a 5.5% stake in Canada’s Ivanhoe Mines, a move seen as part of ongoing efforts to increase the natural resources share of its portfolio. The transaction was channeled through Tembusu Capital, a private equity firm affiliated...
Temasek names Promeet Ghosh India MD
Temasek Holdings has appointed Promeet Ghosh as its first managing director level appointment in India. He will report to Singapore-based Rohit Sipahimalani and Lee Then Kiat who share responsibility for investments in the country.
Nanostart ups stake in MINT
Nanostart Asia Pacific has increased its stake in Singaporean cleantech firm Membrane Instruments and Technologies (MINT) from 18% to 28%.
CVC-owned Formula One delays Singapore IPO
CVC Capital Partners' portfolio company Formula One Group has delayed its $3 billion Singapore IPO due to choppy market conditions. It is the fifth major listing to be pulled or delayed in Asia over the past week alone.
Intel Capital injects $17m in Southeast Asian firms
Early-stage technology investor Intel Capital has invested a total of $17 million in Singapore-based Reebonz.com and Hanoi-based Vietnam Communications Corporation (VC Corp).
Unitas mulls buyout of PE-backed Infastech - report
Pan-Asia buyout fund Unitas Capital has expressed interest in bidding for Singapore-based Infastech, which has been put on the block by CVC Capital Partners and Standard Chartered Private Equity (SCPE).
Actis loses Southeast Asia head
Gary Addison, head of Actis’ Singapore office, has reportedly resigned after four-and-a-half years with the firm. Formerly a partner with 3i Group in London, he moved to Singapore in 2009 to lead Actis’ Southeast Asia operations, replacing Alun Branigan....
CVC to cut Formula One stake to 30% after Singapore IPO
CVC Capital Partners will reportedly reduce its shareholding in Formula One to around 30% following the motor racing business’ planned IPO in Singapore, which aims to raise up to $3 billion.
Nanostart acquires 10% stake in Stella Specialty Chemicals
Nanostart Asia Pacific has acquired a 10% stake in Singapore-based Stella Specialty Chemicals and plans to increase its holding to around 23% by the beginning of next year. The investment was made through the Nanostart Singapore Early Stage Venture Fund...
CVC sells $1.6b stake in Formula One ahead of Singapore IPO
CVC Capital has sold a $1.6 billion stake in Formula One Group to BlackRock, Waddell & Reed and Norges Bank Investment Management ahead of its planned IPO in Singapore.
IDM Venture Capital backs online gaming network
Singapore-based firm IDM Venture Capital has led a $3 million funding round for Xfire, an online social platform that for PC-based gamers. The funding will be used for Xfire’s expansion into Asian territories.
Armstrong to launch a $150m clean energy fund in SE Asia
Armstrong Asset Management, a newly-established Singapore-based clean energy asset manager, is set to launch its maiden fund, which will focus on clean energy projects across Southeast Asia.
SingTel's Amobee buys VC-backed ad startup
Singapore Telecommunications, Southeast Asia's largest telecoms company, has acquired AdJitsu, a VC-backed Silicon Valley startup in the mobile advertising sector. This is SingTel's second acquisition in two months.
Blackstone nabs StarHub Green for $210m - report
The Blackstone Group is thought to have purchased Singapore’s StarHub Green building for $210 million, in its first major real estate acquisition in the city state.
Temasek generates $2.5b from China banks sell down
Temasek Holdings has sold down $2.48 billion of shares in Bank of China (BoC) and China Construction Bank (CCB). It comes less than a month after the Singapore sovereign wealth fund picked up a $2.3 billion stake in Industrial and Commercial Bank of China...
Nanostart launches Asia Pacific arm in Singapore
German-based nanotechnology VC investor Nanostart has created a new company, Nanostart Asia Pacific, as part of its expansion into the region.
Profile: Vickers Capital's Finian Tan
One of the men who bet on Baidu before anyone knew what it was, Vickers Capital founder Finian Tan worked as a counselor, university don, oil trader and politician before settling on venture capital
Navis' Adampak takeover offer now unconditional
Navis Capital Partners has announced that its S$110.7 million ($87.9 million) takeover offer for Singapore-listed Adampak has become unconditional, making its proposed acquisition of the label company almost guaranteed.
KKR in new push for MMI IPO – report
KKR has reportedly revived plans to exit MMI International, the precision-engineering company it took private in 2007, through a Singapore IPO. The offering could generate $400-500 million, but it is unclear how much of its holding the private equity...
CVC plans $2b Formula One IPO in Singapore - report
CVC Capital Partners is heading towards a $2 billion initial public offering (IPO) for Formula One Group in Singapore. The private equity firm may sell a 20% stake in the motor racing series and complete the sale as early as June.
Temasek president seeks winding up of Primus' Singapore unit
The Singapore unit of Primus Pacific Partners is being sued by Lee Theng Kiat, president of Temasek Holdings, over S$67,802 ($53,760) in unpaid rent on a bungalow. According to papers filed with the Singapore High Court, Lee and his wife are seeking a...
Navis proposes $88m buyout of Singapore-listed Adampak
Navis Capital Partners has completed a S$110.7 million ($87.9 million) buyout of Adampak, a Singapore-listed label company. The PE firm can take Adampark private once the offer is accepted by more than 90% of the company's shareholders.
DBS to buy Temasek's stake in Bank Danamon Indonesia
Singaporean lender DBS Group will buy Temasek Holdings’ majority stake in Bank Danamon Indonesia for about $4.9 billion. Already Southeast Asia’s biggest bank, DBS sees the acquisition as a means of accessing the region’s largest economy, which grew nearly...
Temasek-backed Eircom applies for court protection over $4.8b debt
Eircom, the telecoms operator owned by Singaporean sovereign wealth fund Temasek, has applied for court protection to allow it to restructure its EUR3.75 billion ($4.8 billion) debt pile.