Blackstone, CIMB invest in CDL’s Sentosa project


The US private equity Blackstone Group LP and Malaysia’s CIMB Bank are investing in Singapore’s Sentosa Cove project in an S$1.5b ($1.19 billion) refinancing deal. Both companies are investing in Singapore’s CITY Developments Limited’s (CDL) Quayside Collection – an upscale integrated development on the resort island of Sentosa, whose assets… Read more »

Olam acquires ADM’s cocoa biz for $1.3b

Olam International Ltd has acquired Archer Daniels Midland Co’s (ADM) cocoa business for $1.3 billion, in line with its strategy to prioritise cocoa as one of the platforms for accelerated investment and growth. According to its 2014 annual report, cocoa was one of the six platforms, which have been prioritised… Read more »

Trax Image raises $15m funding round from existing investors

Israeli-developed and Singaporean based company Trax Image Recognition (Trax) that provides in-store shelf monitoring, analysis and technology powered by image recognition, Tuesday said it raised $15 million funding from its existing investors and Singapore’s Broad Peak Master Fund. This takes the total amount, the company has raised in financing so… Read more »

Singapore Fund GIC buys office building in Brazil

An affiliate of Singapore’s sovereign wealth fund GIC has reached a deal to acquire Eco Sapucai, an office building in Downtown Rio de Janeiro, marking its first wholly-owned investment in Latin America. The project that is being developed by Hemisfério Sul Investimentos (HSI) is expected to be completed in the… Read more »

GIC partners India’s Vatika for two projects

Singapore’s sovereign wealth fund GIC Pte has entered into a joint venture with Indian real estate firm Vatika Goup to develop two residential projects in the country’s national capital region, the company said in a statement. “Vatika Group and GIC through its affiliate have entered into a joint venture to develop… Read more »

Ozonetel in talks with Singaporean investors for $8m Series A round

India-based cloud communications provider Ozonetel is in talks with Singaporean investors for about $8 million, as part of its first round of funding, to support the company’s global expansion, its founder and chief executive CSN Murthy said in an interaction with DEALSTREETASIA. Launched in 2007,  the company that had revenue… Read more »

Regional M&A activity climbs with 732 deals worth $73.3b

The three countries of Singapore, Malaysia and Indonesia recorded a 732 deals valued at $73.8 billion in the first 11 months of the current calendar year, American Appraisal, a firm that provides valuation and related advisory services for business, said in a report. Singapore with 346 deals, accounted for nearly 50… Read more »

Singapore Maker Fest showcases local tech innovation

An upcoming people’s movement seems to be redefining tech innovation and entrepreneurship in Singapore. To compete with the labour-intensive, low-skilled  economies surrounding it, the city-state is harnessing its tech-savvy, DIY (do-it-yourself) community of entrepreneurs and technocrats. The Makers Movement is bringing new ideas and insight to product design and services; informally mentoring… Read more »

Keppel DC REIT debuts strong, raises S$513m 

The data centre business unit of Keppel Telecommunications and Transportation Ltd (Keppel T&T) made a strong debut on the Singapore Exchange today, opening at 98 cents per share, up five per cent from the initial public offering (IPO) price. Its shares closed the day at 96.5 cents, up 3.2 per cent… Read more »

Andy Tan to head Asian ops of Generali Real Estate

Generali Real Estate (GRE), the real estate asset manager of the Generali Group with €28 billion ($ 34.7 billion) of property assets around the world, has appointed Andy Tan to oversee its operations in Asia, the company said. In his new capacity, Andy will oversee GRE’s activities on the Asian… Read more »