Temasek Holdings
L&T Infra to raise $250-300m from PE investors
L&T Infrastructure Development Projects (L&T IDPL) is in talks with private equity investors to raise $250-300 million.
Alibaba to buy back 20% of Yahoo's stake for $7.1b
Alibaba Group has agreed to repurchase about a 20% stake in itself from Yahoo for $7.1 billion ahead of an initial public offering. The US internet company bought 40% of Alibaba - founded by Jack Ma (pictured) - in 2005, paying $1 billion plus ownership...
RRJ, Temasek invest $468m in US natural gas company
Asia-focused private equity firm RRJ Capital and Temasek Holdings have invested $468 million in US-based liquefied natural gas (LNG) company Cheniere Energy.
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...
Kedaara to hold $200m first close - report
Kedaara Capital, the private equity fund manager established last year by former Temasek India head Manish Kejriwal, is nearing a first close of its maiden fund on $200 million.
Goldman completes third partial exit from ICBC
Goldman Sachs has completed another partial exit from its holding in Industrial and Commercial Bank of China (ICBC), selling $2.5 billion worth of H-shares. Temasek Holdings said it picked up $2.3 billion of the block sale, which amounts to a 1.3% stake...
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...
Temasek, RRJ buy half of $1.3b Kunlun Energy offering
Temasek Holdings and RRJ Capital, the $2 billion private equity fund set up former Hopu Investment head Richard Ong, has purchased almost half of the shares in a $1.34 billion offering by Kunlun Energy.
Direct investment: Silent partners?
Limited partners are attracted by the low costs and potentially high returns of direct investment opportunities in Asia. Those with a finger on the market’s pulse are likely to prevail, provided they don’t get too greedy
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.
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,...
Asian LPs join Latin America's PE carnival
Asian investors are upping their commitments to Latin American private equity funds in a bid to be part of another emerging markets growth story
Primus president resigns from New China Life Insurance
New China Life Insurance’s non-executive director Guocang Huan, who is also the president of Asian PE house Primus Pacific Partners, left the company on Monday.
Khazanah exits India's Yes Bank
Malaysian sovereign wealth fund Khazanah Nasional has sold the 4.2% stake it acquired from ChrysCapital and other investors in India’s Yes Bank for INR5.3 billion ($106 million).
Premji invests $25m in Fabindia
Premji Invest, the $1 billion private equity vehicle backed by Wipro Group chairman Azim Premji, has invested INR1-1.25 billion ($20-25 million) for a 7% stake in Indian fashion company Fabindia.
CITIC Capital rolls out new VC fund
CITIC Capital, partly-owned by Chinese Investment Corp. (CIC) and CITIC Group, has reached a first close of $60 million for its new venture capital fund. The vehicle represents the private equity firm's first foray into VC.
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.
Temasek sells $300m ICICI Bank stake
Temasek Holdings, Singapore’s second-largest sovereign wealth fund has sold a 1.4% stake in ICICI Bank for INR14.7 billion ($299 million), reducing its shareholding in India’s biggest private bank to 2%.
KKR, Temasek circle India's TVS Logistics – sources
Private equity giant KKR and Singaporean sovereign wealth fund are among four PE investors said to be in talks to invest around $50 million in Indian logistics company TVS.
Kedaara to pursue carve-outs from Indian conglomerates
Kedaara Capital, the private equity firm created by Manish Kejriwal and Sunish Sharma, formerly of Temasek India and General Atlantic India, respectively, will focus on investments in carve-outs and spin-offs of non-core assets from large corporations....
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.
Smartphone maker Xiaomi secures $90m in VC funding
Chinese smartphone startup Xiaomi Technology has raised $90 million in funding, which values the company at $1 billion. Existing investors Morningside Technologies, Qiming Ventures and IDG Ventures participated in the financing round as well as new participants...
New China Life places at bottom of pricing range in dual listing
New China Life Insurance, which is part-owned by several private equity firms, has priced at the bottom of its range to raise $1.9 billion in its dual Hong Kong and Shanghai listing, becoming the latest player to see disappointing results in Greater China....