Temasek picks stake in Alibaba & McDonald’s

By
Posted

Singapore’s state investment firm Temasek Holdings Pte has picked up a 1.03% stake in China’s Alibaba Group Holdings (BABA) post the latter’s record listing in September, and has also bought a stake in McDonald’s Corp adding the fast food chain to its portfolio, a Bloomberg report said. The report was… Read more »

Malaysia’s Ekuinas targets 20% IRR for 2015

By

Malaysia -based, government-linked private equity (PE) firm Ekuiti Nasional Bhd (Ekuinas) is targeting an ambitious 20% internal rate of return (IRR) for next year. Recent profitable exits from invested companies and a successful Outsourced Fund Programme (OFP), have spurred the PE fund to “aggressively” seek investment opportunities;and it has more funds to do… Read more »


Headland Capital Launches $1b Asia Fund

By

Hong-Kong based Headland Capital Partners has launched its seventh private vehicle, a $1 billion Asia fund,  said a report in the Private Equity International. This would be a first such launch for Headland Capital Partners as an independent PE firm, said the report, adding that MVision Private Equity Advisers would… Read more »


RRJ, Temasek to invest $1b in U.S. LNG project

By

Singapore state investment firm Temasek Holdings Pte Ltd and Malaysian deal maker Richard Ong will jointly buy $1 billion of convertible notes issued by Houston-based Cheniere Energy Inc. Richard Ong, who was earlier with Goldman Sachs and his brother Charles, the former chief investment officer with Temesek, now run the Hong-Kong… Read more »


Singapore’s GIC partially exits Hero MotoCorp

By

Singapore’s sovereign wealth fund GIC has made a partial exit from Hero MotoCorp by selling about 1% stake in the company for about $81.3 million through an open market transaction; and pocketing over 2x returns (in rupee terms) on its three-year-old investment, a report said. GIC had invested an estimated… Read more »


Dragonpay raises Series A funding from GMO

By

Philippines-based payment solutions provider Dragonpay has raised Series A funding from Japan’s e-payment titan GMO Global Payment Fund (GMO). The investment amount has not been disclosed. Dragonpay plans to use the newly raised funds to promote e-commerce in the country, while venturing into new payment channels, specifically on the mobile. These strategies are meant… Read more »


GIC invests $391m to buy 9.64% in Emperador

By

Singapore’s sovereign wealth fund GIC Private Ltd has bought just under 10% in the Philippine liquor firm Emperador Inc for 17.6 billion pesos ($391 million), making it the fund’s third direct investment in the country this year. Emperador Inc, the world’s largest brandy maker, said that this would be an initial… Read more »


Tech news portal DNA secures $300k funding

By

Independent technology news portal Digital News Asia (DNA) has secured MYR 1 million ($300,000) for its seed funding from private equity firm IdeaRiverRun. The funds, DNA said, would be channeled into the portal’s expansion in Southeast Asia, further building its team and to develop new products and channels. The portal… Read more »


iCarsClub gets $60m Series B funds for China arm

By

Singapore’s iCarsClub has raised $60 million, in Series B round of funding, for its China venture – PPzuche, a Chinese peer-to-peer (P2P) car-rental – from IDG Capital Partners & MorningSide Ventures. Source Code Capital, Sequoia Capital, Future Capital and Crystal Stream also participated in this round of funding, taking the… Read more »


GIC-led investors to buy IndCor for $8 billion

By

Blackstone Group LP is planning to sell IndCor Properties Inc to a group of investors led by Singapore’s sovereign wealth fund GIC Private Ltd, for over $8 billion, according to a report in Bloomberg. IndCor Properties Inc owns industrial real estate assets (about 11 million square meters of warehouses) in… Read more »