Temasek cuts Alibaba stake, increases holdings in Gilead Sciences

By
Posted

Singapore state fund Temasek Holdings Pte sold 7.3 million shares in Alibaba Group Holding Ltd in the fourth quarter of the year, after shares of the Chinese e-commerce giant rallied. The fund also decreased its stake in fertilizer manufacturer Mosaic Co while increasing investment in the global pharmaceuticals maker Gilead Sciences Inc, a report said…. Read more »

Warburg inks first Indonesia deal, forms $125m shopping mall JV

By

Private equity giant Warburg Pincus will invest $125 million to build and develop hypermarket anchored retail malls in Indonesia in a joint venture with local operator Nirvana Development, both companies said. This marks Warburg’s first investment in Indonesia, and will be made from the firm’s $11.2 billion Warburg Pincus Private… Read more »


Thailand-Japan cos JV to launch $50m PE fund

By

SBI Finansa Private Equity Partners, a 50:50 joint venture between Finansa PCL and SBI Holdings (SBIH) is planning to launch a private equity fund of more than $50 million, soon. According to the company’s statement, the fund will be raised from the public after the new joint venture company is set up; in a month’s time…. Read more »


Singapore’s Equis Fund invests $116m in India’s Assetz Property

By

Equis Funds Group, a Singapore-based energy and infrastructure investor, has invested $116 million in Bangalore-based Assetz Property Group (APG), in order to finance APG’s mid-income housing townships in India until 2020. Equis was started by former Asian Development Bank and Macquarie executives in 2010 to access the various investment opportunities available in the energy… Read more »


Singapore’s Temasek among investors in Amazon competitor Jet.com

By

Singapore state-fund Temasek Holdings has joined an investment round led by Bain Capital Ventures, to pump in an additional $140 million into upstart Jet.com, that is hoping to rewrite as well as reinvent the rules of online marketplaces.


Asean PE investments grew 3-fold to $10b in 2014

By

Private equity (PE) investments have grown threefold, to over $10 billion in the Asean region in 2014. A bulk of these investments have been committed to firms in the technology and consumer spaces. This was revealed in the Maybank Kim Eng Research chart book distributed at the Asean CAP10 CEO Summit…. Read more »


MY’s Creador invests $16.2m in India’s Ashiana

By

Malaysia-based private equity firm Creador has invested one billion Indian rupees ($16.2 million) for a minority stake in India-listed real estate company Ashiana Housing Ltd. The stake in Ashiana, which has a market capitalisation of $343 million is Creador’s 14th investment. The transaction was done via Creador’s affiliate Idria Ltd…. Read more »


IHH, TPG eye majority stake in Global Hospitals

By

Malaysia-based IHH Healthcare Bhd and US private equity firm TPG Capital Management are in advanced talks for a controlling stake in India’s Global Hospitals in a $350 million deal. According to a report in Business Standard, the acquisition talks were encouraged by the increase in affluent Indian patients who are willing… Read more »


Al Masah seeks more PE opportunities in SEA

By

Dubai-based alternative asset management firm Al Masah Capital Ltd is looking at South East Asia’s largest economy – Indonesia – as it seeks further private equity opportunities in the region. The firm already has presence in Singapore and Malaysia, where it has made investments in the healthcare and education sectors. “We… Read more »


Temasek eyes Crompton Greaves’ fan biz

By

Singapore state fund Temasek Holdings is a frontrunner to buy a $200-million stake in the about to be demerged consumer products business of India-based Crompton Greaves, which is controlled by billionaire Gautam Thapar, a media report said, quoting ‘multiple sources directly familiar with the matter’. According to the Times of India, the Singapore fund has entered into… Read more »