By Tova Cohen
Temasek is reportedly paying $250 million for the cybersecurity technology and services provider.
Temasek already has a number of investments in Chinese banks, a show of its confidence in the nation’s huge and growing financial sector.
Grab CEO Anthony Tan has been put in charge of the effort.
GIC will join Nordic Aviation Capital founder Martin Moller and Stockholm-based investment firm EQT as investors in the company.
The estimated net proceeds are about S$9.92 million ($7.21 million). AHS intends to use all the net proceeds to finance business expansion and grow its existing business.
Acquiring Ixom would help Keppel Infrastructure, led by recently appointed Chief Executive Officer Matthew Pollard, to widen its exposure beyond Singapore.
The merger has created Singapore’s fourth-largest industrial real estate investment trust (REIT) with combined assets worth over $2.2 billion.
China-ASEAN Investment Cooperation Fund (CAF) is reportedly seeking up to $3 billion for its latest fund.
The vehicle has so far raised $280 million and expects to secure further commitments from now through December.
About 70-80 per cent of buyouts in Asia today are secondaries i.e. from one PE firm to another.