By Pramugdha Mamgain
KKR had invested Rs 520 crore through a structured finance transaction in Kwality in July 2016.
GIC is believed to be the winning bidder to acquire the premium-grade tower for $228 million.
“The government is still looking at whether there is a need to sell off its assets. We should wait for a statement by the government,” said Deputy Economic Affairs Minister, Mohd Radzi Md Jidin.
It’s unclear what the firm’s final target will be, but rivals including I Squared Capital, Stonepeak Infrastructure Partners and KKR & Co. each raised $7 billion or more in recent months.
one of NIIF’s shareholders, the Abu Dhabi Investment Authority (ADIA), was also part of the investment.
Fajr Capital Ltd., Bahrain’s sovereign wealth fund Mumtalakat and the Varkey Group are also considering selling some or all of their holding in the education provider in a deal that could value GEMS at about $4 billion.
If the TPG Capital deal goes through, it will be the second healthcare business to be owned by the PE player in Australia.
Both Good Support and People Support provide staffing services for general manufacturing staff, mainly in the Tokai region across a variety of industries.
Bain Capital Asia Fund IV will primarily target 15-18 equity investments in the range of $100 million to $400 million.
GIC will join Nordic Aviation Capital founder Martin Moller and Stockholm-based investment firm EQT as investors in the company.