Singapore Data Centre Dealbook: Alibaba invests $1b in Aliyun; Equinix to expand SG data centre

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Singapore currently is home to approximately 50 per cent of the Southeast Asia’s data-centre capacity, which is expected to grow significantly as new investments in data centre infrastructure come online, with Alibaba’s US$1 billion investment in Aliyun and Equinix’s expansion of its Asia Pacific (APAC) data centre in Singapore. The development… Read more »

Brigade-GIC buys Nerolac Paints land in Chennai for $86m: Report

A GIC–Brigade Group joint venture (JV) called Brigade Properties has acquired a 15.86 acre land parcel from Global paint major Kansai Nerolac Paints in Chennai in a deal valued at $86 million. A report from the Economic Times noted that the land parcel purchased is located in Perungudi, on the Old Mahabalipuram Road in… Read more »


Metro AG buys Singapore’s Classic Fine Foods for $290m

Metro AG, Germany’s largest retailer, said Thursday, it had reached a deal to buy Singapore headquartered Classic Fine Foods Group, a supplier of gourmet products in Asia, from private equity firm EQT, at an enterprise value of $290 million and an additional payment of as much as $38 million depending… Read more »


KKR, Blackstone, Bain eyeing Singapore logistics company CWT

Private equity firms KKR, Blackstone and Bain Capital have made informal approach for buying CWT Ltd, according to a Reuters report, in a deal that estimates the value Singapore’s largest logistics company at approximately S$1.6 billion ($1.2 billion). PE firms interest in CWT comes as its controlling shareholder flagged a potential sale of the… Read more »


BitX-Coda Payments partnership enables merchants to trade in Bitcoin

Southeast Asian payment gateway Coda Payments has established a partnership with BitX to offer bitcoin as a payment option for the online transactions. Markets targeted by this agreement include, Indonesia, Malaysia, Philippines, Thailand, Vietnam and Singapore. Coda Payments has been accepting bitcoin as a payment method in Indonesia and Malaysia. The latest agreement with… Read more »


Origin Group to offload Contact Energy stake for $1.16b

Origin Energy Limited (Origin) today announced the successful completion of the bookbuild process for the sale of Origin Group’s 53.09 per cent stake in Contact Energy Limited (Contact) at NZ$4.65 ($3.04) per share. Contact Energy is a New Zealand-based electricity generator, natural gas wholesaler and electricity, natural gas, and LPG retailer, with… Read more »


QIC announces $800m first close on global infrastructure fund

Queensland Investment Corporation (QIC), a global diversified alternatives investment firm and one of Australia’s largest institutional investment managers, Tuesday announced it has raised $800 million from the first close of a its new fund. The QIC Global Infrastructure Fund (QGIF) has been closed at 50 per cent of target, and will now begin… Read more »


Heatmaps based web analytics startup Ptengine closes $9m pre-series A round

Tokyo-based Ptengine, an analytic heat-mapping startup, Wednesday said it had closed a pre-series A funding round, taking the total amount it has raised so far to $14 million. The company is learnt to have raised $9 million in the latest round. Ptengine, which lets users see their website’s traffic in… Read more »


Australia’s CIMIC Group appoints Angel Muriel as CFO

Australia-based CIMIC Group, which maintains a secondary listing in Singapore, has appointed Angel Muriel as its news chief financial officer (CFO), succeeding Javier Loizaga. Muriel is CIMIC’s chief development officer and the managing director of Pacific Partnerships. His previous roles include a stint as the CFO of Spanish construction firm Iridium Concesiones de… Read more »


DBS Hong Kong kicks off inaugural accelerator programme with 10 startups

The DBS Accelerator Tuesday unveiled the 10 startup ventures participating in its inaugural acceleration programme in Hong Kong. The selected firms are focused on developing financial technology (fintech) solutions across the domains of big data analytics, payments, risk management, security, peer-to-peer (P2P) lending and other areas of finance, the company said. The 10 startups… Read more »