SCPE buys 49% in Omni Capital, to form JV


Standard Chartered PE (SCPE), the investment arm of the British Bank, will inject up to $50 million, into a company that is wholly owned by TT International, a Singapore based player that undertakes global trading of consumer electronics. SPCE will invest in TT International company Omni Capital through a share… Read more »

GIC forays into NZ, invests in Turkey

Singapore’s sovereign wealth fund GIC has forayed into New Zealand by setting up a real estate joint venture with Goodman Property Trust, both companies said. GIC will have a 49% stake in the JV that will, initially, be worth NZ$313 million ($242.9 million) and will invest in Auckland’s Viaduct Quarter,… Read more »

12 firms vie for $500k prize in HK startup contest

The finals of the StartmeupHK Venture Programme will be played out in Hong Kong on November 11, where nine global startups and three local players, will compete for cash prizes of upto $500,000. Read about the 12 finalists here StartmeupHK Venture Programme has been organised by InvestHK, a government agency… Read more »

HungryGoWhere founder quits Co, joins VC firm

Dennis Goh, one of the three co-founders of Singapore’s popular restaurant review website HugryGoWhere has quit the company to join the US-based venture capital (VC) firm Wavemaker. The Wavemaker has two funds and invests in a broad range of technology-driven companies in the US and the Southeast Asia, says the… Read more »

Catcha’s VC arm to invest up to $100m in SEA

Global investment firm Catcha Group, which boasts of a strong track record of investing in startups in this region, has launched a venture fund to support companies in the new media, technology and mobile space in South East Asia. The new VC division, called Catcha Ventures will invest between $50… Read more »

SoftBank buys $627 million stake in Snapdeal

Snapdeal today said it raised $627 million in a round of investment led by Softbank, making the Japanese telecom and media group the largest investor in the Indian online retailer. The companies did not divulge Sotbank’s holding in India’s third biggest online marketplace, post the deal. With the latest round… Read more »

Equity facilitating direct entry for PEs into SEA?

It is no guesswork that private equity (PE) firms want in on the action in South East Asia ( SEA). They see potential in this relatively untapped region, with its growing middle class that point to an improving consumer spending and robust economies. However, not all firms from the West… Read more »

GNum raises $5.6m from Tembusu Partners

Singapore-based GNum said it has raised $5.6 million seed funding from PE firm Tembusu Partners, in what may be the largest first round of investment in a local startup here. GNum said it developed a ‘patent-pending technology that allows calls from virtually any electronic device – PC, tablet and other… Read more »

Ascott buys 20% in Australia’s Quest for $25.4m

CapitalLand-owned service apartment operator, The Ascott, has acquired a 20% stake in the Australia-based Quest Serviced Apartments. The deal is valued at $25.4 million. The Ascott, which based out of Singapore, has the option to pick up an additional 10% stake in Australia’s largest serviced apartments provider. In a series… Read more »

Blackstone boosts Asia asset management team

Private equity giant Blackstone has boosted its asset management team in Asia, and has brought on board Howard Zhang and Lawrence Hutchings as managing directors in addition to getting Charles Wu as a principal. Howard Zhang, who will join Blackston’e Hong Kong office and will oversee its China portfolio, was… Read more »