“Secretlab is now a recognised global brand” and has significant growth potential, Derek Lau, chief executive officer of Heliconia, said in a statement that didn’t list the value of the deal or other financial details. The Temasek unit has also backed companies including gaming device maker Razer Inc and Asian mixed martial arts firm One Championship.
(Aug 14): A unit of state investment company Temasek Holdings has invested in Secretlab, a Singapore-based maker of chairs for players of electronic games, to help drive growth.
Heliconia Capital Management’s purchase of a minority stake values the five-year-old company at between $200 million and $300 million, according to a person with knowledge of the matter.
