Temasek Holdings
Lee Hsien Loong takes over Lee Kuan Yew as GIC Chairman
Singaporean Prime Minister Lee Hsien Loong has been named chairman of top sovereign wealth fund the Government of Singapore Investment Corp. (GIC), taking over the role held by his father Lee Kuan Yew.
TPG's Shriram Transport stake said to attract interest from Orix
Japanese financial services group Orix Corp. is the latest player to have reportedly set its sites on TPG’s share in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender, in a sale that could bring in more than INR30...
Temasek takes stake in Canadian mining firm
Singaporean sovereign wealth fund Temasek Holding has purchased approximately 11% of publicly listed Canadian mining group Inmet Mining Corporation for CAN$500 million ($511million).
Private equity in China's insurance sector
The growth of the insurance sector in China has rocketed in recent years with the potential still remaining tremendous and private equity has been in the center of this rise. And it has been a profitable relationship for GPs that are able to take stakes...
Richard Ong's RRJ Capital makes first deal
Hopu Fund co-founder Richard Ong has made his first investment from his $2 billion maiden fund, into US-focused oil exploratory and extraction firm Frac Tech Services - a seeming departure from his vehicle’s Asia Pacific mandate.
New China Life plans IPO
Private equity-backed New China Life is the latest financial behemoth in the PRC to eye a public debut, targeting an up-to $4 billion raise via a duel listing on the Shanghai and Hong Kong exchanges by the end of the year.
Richard Ong's fund teams with Temasek in US oil firm acquisition
The newly launched fund founded by former Founding Partner of Hopu Investment Management Richard Ong has teamed with Singapore’s Temasek Holdings to take a 70% controlling stake in Frac Tech Services, a US-focused oil exploratory and extraction firm....
Tata Capital makes first close
Tata Capital has completed the first close of its newest India-focused private equity vehicle, the Tata Opportunities Fund LP, raising $450 million.
Temasek eyes TPG's stake in Shriram Transport - reports
Singaporean sovereign wealth fund Temasek Holdings is reportedly in negotiations with US buyout firm TPG Capital to purchase a stake in Shriram Transport Finance Co. (STFC), touted as India’s largest commercial vehicle lender. According to India’s Business...
Khazanah may sell Pos stake
Malaysian sovereign wealth fund Khazanah Nasional Bhd. is reportedly looking to offload its 32.2% stake in Pos Malaysia Bhd., a Malay postal services company, by April 12.
Hutchison Port Holdings aims for $5.8bn in Singapore
Leading Hong Kong conglomerate Hutchison Whampoa is set to list its ports division, Hutchison Port Holdings Trust, on the Singapore Exchange, targeting $5.8 billion as well as the title of Singapore’s largest listing to date.
Chinese cosmetic manufacturer to sell 39% stake
The PRC's sovereign wealth fund China Investment Corp, an investment arm of Ping An Insurance, and Temasek Holdings, the Singaporean sovereign wealth fund, have emerged as a potential bidders for Shanghai Janhwaa United, one of the largest cosmetic manufacturers...
Temasek China recruits former CICC manager
Singaporean sovereign wealth fund Temasek Holdings has appointed former senior manager of China International Capital Corporation Limited (CICC), Ding Wei, to lead its operations in China.
Leaving the mother ship: Asian professionals on their own
What a difference a year makes.
Temasek continues exit streak with Fortescue divestment
Singaporean sovereign wealth fund Temasek Holdings raised $877 million through the sale of its entire 4.1% stake in Australia’s third-largest iron ore miner Fortescue Metals Group to a group of overseas institutions.
Temasek's India MD departs for Tata Capital
Managing Director of Temasek Holdings Advisors India, Padmanabh Sinha, has left the Singaporean sovereign wealth fund to assume the role of Senior Partner at Tata Capital, Sinha told local Indian media.
Temasek sells out of Thai hospital; on the sly?
This week, a letter to the Stock Exchange of Thailand revealed that a 12.6% stake in Bumrungrad Hospital had been sold mid-January by several investors, one of which included Singaporean sovereign wealth fund, Temasek Holdings. Interestingly, the letter...
Temasek divests Thai hospital stake
In a letter to The Stock Exchange of Thailand, the Director of Bumrungrad Hospital said that the group has been notified by Temasek – Singapore’s sovereign wealth fund – that it has sold nearly 42.7 million shares of the group for THB29.25 ($0.95) per...
Temasek pays antitrust fine
Indonesia’s antitrust agency (KPPU) has reportedly announced that Temasek Holdings has paid 15 billion rupiah ($1.66 million) through its partially owned affiliate, PT Telkomsel, as its portion of an outstanding fine owed after the group was found in...
Temasek added new portfolio of Vietnamese bank
Singapore’s Temasek has taken a 15% stake in Vietnamese lender Mekong Development Bank for $46 million.
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...
Temasek seeks to invest $110 million in Huaneng Group Corp.'s renewable-energy unit
Singapore SWF Temasek Holdings will buy a combined $110 million worth of shares in the initial public offering of China Huaneng Group Corp.’s renewable-energy unit, according to reports.
Temasek to manage Singapore government Heliconia co-investment program
Singapore SWF Temasek Holdings is to manage the first phase of the Singapore government-backed co-investment program announced earlier this year, which aims to invest up to S$1.5 billion ($1.15 billion) in co-investments with private equity firms into...