GTR Ventures

People Digest: EQT promotes Chang to partner; Allianz, J. Safra Sarasin, Deloitte appoint top execs

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Swedish PE firm EQT has promoted Singapore-based Brian Chang to partner, effective January 1, 2019.  

People Digest: East Ventures names first female partner; OYO appoints Malaysia head

Melisa Irene, who hails from Indonesia, joined East Ventures as an associate in 2015, and has successfully closed multiple deals for the company.


Listing delays, traditional retail format may be driving Temasek to sell Watsons

A.S. Watson’s focus remains on physical stores in a market where online shopping has grown much more rapidly than in the rest of the world.


SEA-focused Nest Tech targets to invest in 20 startups in two years

Nest Tech is looking to invest in startups mainly from Myanmar, Vietnam and Singapore.


BasisAI raises $6m from Temasek & Sequoia India in one of the largest seed rounds in SG

Basis AI, an early-stage AI startup, aims to build scalable and accountable machine learning products for digital enterprises. 


Exclusive: SC Capital pushes back final close of $1b fifth fund to Q2 this year

The fund was launched in August 2017 and was expected to wrap up fundraising by the end of 2018. 


Malaysia’s Lion Industries to divest stake in Singapore’s Angkasa Amsteel for $19.6m

Lion Industries purchased the 50 per cent stake in 2011 and 2012 for RM38.05 million ($9.2 million) in total.


US-based Platinum Equity Advisors to acquire SGX-listed PCI for $150m

PCI is a subsidiary of Chuan Hup Holdings, which currently owns a 76.7 per cent stake in the company.


Temasek said to mull options for stake in retailer A.S. Watson

Temasek is working with an adviser to consider possibilities for its 25% holding in A.S. Watson after receiving some preliminary interest.


Fitness marketplace ClassPass buys Asian rival GuavaPass

ClassPass has acquired GuavaPass’s operations in 11 cities across Asia, including Singapore, Bangkok, Dubai, Hong Kong, Mumbai, Jakarta and Kuala Lumpur.