AXA's Hong Kong wealth management unit is expected to be valued at about $500 million.
PE firm Abraaj Group is learnt to be is participating in the new Series C round.
Suitors for the oil business have already signed non-disclosure agreements.
Under the reorganisation, the investment holding function and the Malaysian airline business will be separated.
Mitsui will buy First Capital, the largest non-life insurer in Singapore, from Canada's Fairfax.
The private equity firms have hired an adviser to find a buyer for their combined stake of nearly 69 percent in Solusi Tunas Pratama Tbk PT (STP).
The deal is a likely first consolidation in Singapore's $3.5 billion mid-cap industrial trusts sector.
Equis owns a portfolio of 97 projects comprising solar, wind and hydro generation assets.
IPOs & Markets
The total amount raised via IPOs in Singapore this year has already hit about $2 billion.
Temasek betting on unlisted firms; CIC expanding US direct investments.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in a
rapidly evolving landscape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more.
Be a part of our growing community now.