Singapore
Temasek names ST Telemedia CEO as general counsel, president
Temasek Holdings has named Lee Theng Kiat, CEO of portfolio company ST Telemedia, as its new general counsel. Lee, 59, will also serve as a president of the sovereign wealth fund, alongside John Cryan and Gregory Curl, presidents of Europe and Latin America,...
Shaw Kwei completes second Singapore take-private in two months
Greater China and Southeast Asia-focused private equity firm Shaw Kwei & Partners has completed the privatization and delisting of CHT, the largest global PVC adhesive tape manufacturer. It is Shaw Kwei’s second Singapore take-private deal in two months....
F&H backs Song brothers' singing school
Ask Chinese music fans to name famous Singaporean exports, and they’re likely to mention Stephanie Sun and JJ Lin. Aside from both being hugely popular in China’s Mando-pop scene, what each of these singers has in common is that they were both trained...
Tata Capital to offer private investment banking in Singapore
Tata Capital will set up a private investment banking business in Singapore with a view to starting operations within two years. It plans to focus on private equity and fund management capabilities as well as wealth management and securities broking....
F&H invests in Wise Entertainment
F&H Fund Management has invested in Singapore's Wise Entertainment - a company named after the city state's twin composers and music producers Lee Wei Song and Lee Si Song (Wei) and (Si).
Axiom raises $1b for third Asia fund-of-funds
Singapore-headquartered independent fund-of-funds manager Axiom Asia Private Capital has reportedly raised more than $1 billion for its third fund.
EQT Partners invests in China Healthcare
EQT Partners has teamed up with the founder of China Healthcare and put in a cash offer to take the Singapore-listed company private. The deal values China Healthcare at S$80.4 million ($64 million).
Sequoia, Accel sell Amobee to SingTel
Sequoia Capital and Accel Partners have agreed to sell US-based mobile advertising start-up Amobee to SingTel, Southeast Asia’s largest cell phone company, for $321 million.
IFC provides $20m loan to Baring-backed GIIS
International Finance Corp. (IFC) has provided a loan of up to SGD25 million ($20 million) to Global Indian International School (GIIS), which is backed by Baring Private Equity Asia.
MMI relies on US investors for $300m high-yield bond
KKR-owned MMI International successfully issued its $300 million high-yield bond, principally attracting interest from US investors due to their familiarity with the sector and the company’s customer base. The five-year non-call bond was priced at a yield...
Shaw Kwei in take-private deal for Singapore electronics firm
Shaw Kwei & Partners has delisted electronics manufacturer Beyonics Technology from the Singapore Stock Exchange. This follows a $110 million buyout by Channelview Investment, a subsidiary of the private equity firm.
Temasek backs US online ad startup
Temasek Holdings has led a $30 million round of investment in Marin Software, a San Francisco-headquartered advertising management platform. The company has now attracted more than $80 million from VC and PE backers.
CapAsia acquired by US hedge fund
Singapore-based private equity infrastructure investor CapAsia has been acquired by The Rohatyn Group (TRG), a US-based hedge fund focused on emerging markets.
BC Partners replaces Fitness First management team
BC Partners has axed the core management team of Fitness First in a bid to prevent its portfolio company sinking under the weight of its high-interest loans.
Swire enters the bidding for Baring-backed Courts Asia
Hong Kong conglomerate Swire is reportedly among the bidders for Baring Private Equity Asia-invested electronics and furniture retailer Courts Asia. The sale could be worth close to $400 million.
Nalanda Capital boosts stake in Indian pipe manufacturer
Nalanda Capital, the Singapore-based private equity firm set up by Pulak Prasad, former managing director at Warburg Pincus India, has increased its holding in Ratnamani Metals & Tubes. The company manufactures piping for use in a wide range of industries....
Cinemacraft receives funding from 500 Startups
Asian interactive media platform provider Cinemacraft has secured funding from US-based business incubator 500 Startups.
General Atlantic branches into Singapore
General Atlantic (GA) has opened an office in Singapore, adding to an Asian presence that already includes bases in Beijing, Mumbai and Hong Kong. Managing Director Abhay Havaldar will lead a team tasked with expanding the private equity firm’s reach...
Kelvin Chan leaves Partners Group's Asia PE team
Kelvin Chan has stepped down as a managing director with Partners Group’s Asia Pacific private equity team. The global private markets player, which makes primary, secondary and direct investments, has appointed Kelvin Yu in his place.
Navis-backed EKH bolts on Chinese depot operator
Eng Kong Holdings (EKH), the Singaporean container-services company owned by Navis Capital Partners, has acquired an 85% stake in Best China Development for S$14.3 million ($11.1 million).
Temasek launches $1.9b China fund
Singaporean sovereign wealth fund Temasek has launched Pavilion Capital, an investment vehicle that will channel up to S$2.5 billion ($1.9 billion) into deals in north Asia.
Gaming & Entertainment: PE places its bets?
Asia’s gaming culture – and casinos in particular - is a hotspot for growth. But with so much at stake, why aren’t more private equity investors placing their bets?
Baring-backed Courts Asia seeks expansion
Baring-backed electronics and furniture retailer Courts Asia is looking to invest S$70 million ($54.1 million) to launch new Southeast Asian retail outlets, coming at a time when its private equity backer is considering its exit options.
Temasek confirms increase in CCB holding
Temasek Holdings announced Monday that it has increased its holding in China Construction Bank (CCB) to 9.42% from 8.10%. The transaction, disclosed in a filing with the Hong Kong Stock Exchange, took place on November 11, around the time that Bank of...