Blackstone Group

SG’s Keppel nears deal to buy Blackstone-backed chemical firm Ixom


Acquiring Ixom would help Keppel Infrastructure, led by recently appointed Chief Executive Officer Matthew Pollard, to widen its exposure beyond Singapore.

Merger of ESR-REIT, Viva Industrial Trust comes into effect

The merger has created Singapore’s fourth-largest industrial real estate investment trust (REIT) with combined assets worth over $2.2 billion.

ASEAN-focused China fund seeks at least $1b for latest vehicle’s first close

China-ASEAN Investment Cooperation Fund (CAF) is reportedly seeking up to $3 billion for its latest fund.

PE firm Southern Capital targets final close of $500m fourth fund in January

The vehicle has so far raised $280 million and expects to secure further commitments from now through December.

Asia headed for deeper buyout penetration, say leading PE players

About 70-80 per cent of buyouts in Asia today are secondaries i.e. from one PE firm to another. 

ST Engineering wins $5.5m contract to test smart lamp posts

The project is part of a broader “Smart Nation” plan developed by the Singapore government to use cutting-edge technology, designed to improve people’s lives.

OUE Lippo Healthcare shareholders approve First REIT, Bowspirit stake buys

OUE Lippo Healthcare will acquire a 40% stake in Bowsprit and 10.63% of First REIT for a total of approximately S$142 million ($104 million).

Singapore’s UOB said to review insurance partnership with UK’s Prudential

The Singapore bank is also weighing options for its non-life business, which is run by publicly-listed United Overseas Insurance Ltd.

Singapore Digest: hoolah raises seed round; Temasek Foundation grant for fintech learning

hoolah launched its commercial operations in Singapore in February 2018, focusing on online merchants in the retail, travel and airline verticals.

Singapore fintech startup Wallex raises pre-Series A round led by BEENEXT

Other investors participating in the round are Indonesia’s Central Capital Ventura and Indonusa Dwitama.