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acquisitions
M&A
Oceanus buys majority stake in media & marketing agency for $0.4 mil
SINGAPORE (Mar 20): Seafood supply chain manager Oceanus Group’s subsidiary, Oceanus Investment Holdings, has acquired a majority 51% stake in AP Media for $0.4 million from sole owner and director Tan Guan Cheong.
March 20, 2019
M&A
Wilmar in US$275 mil takeover deal to fully acquire food company Goodman Fielder
SINGAPORE (Mar 11): Wilmar International is acquiring the remaining 50% stake in FPW Singapore Holdings it does not already own from Oceanica Developments for US$180 million ($244.55 million).
March 11, 2019
M&A
AusGroup to buy housing village & facilities on Australia's Melville Island for $11.4 mil
SINGAPORE (Feb 19): AusGroup, the construction and marine services provider, is acquiring an accommodation village plus facilities worth A$11.8 million ($11.4 million).
The village comprises a 119-man accommodation camp, kitchen, administration buildin
February 19, 2019
M&A
Schroders acquires Thirdrock Group for undisclosed sum
SINGAPORE (Feb 1): Schroders Wealth Management has acquired the wealth management business of Thirdrock Group, a Singapore-based asset manager with a client asset under management (AUM) of about $3 billion.
February 01, 2019
M&A
Best World takes up 12.5% stake in A*STAR biotech start-up for $5.6 mil
SINGAPORE (Jan 14): Best World has agreed to acquire a 15% stake in Celligenics, a biomedical A*STAR spin-off start-up, in two investment phases.
January 14, 2019
Broker's Calls
Further acquisition deals, Paragon to serve as key re-rating catalysts for SPH REIT
SINGAPORE (Jan 7): OCBC Investment Research and Maybank Kim Eng are maintaining their “hold” calls on SPH REIT with an unchanged fair value estimate and price target of 99 cents and $1.02, respectively.
January 07, 2019
Update
Artivision seeks extension of long stop date for reverse takeover of e-payment solutions firm
SINGAPORE (Jan 2): Artivision Technologies has signalled a delay in its plans to acquire a 100% stake in e-payment solutions provider Mobile Credit Payment (MC Payment), as the group is now in discussions to extend the long stop date of its acquisition, w
January 02, 2019
M&A
KKR invests in Singapore energy-saving firm in first impact bet
SINGAPORE (Dec 13): KKR & Co. is buying a stake of as much as $45 million in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally.
December 13, 2018
Buyout
Procurri acquires remaining 49% stake in Rockland JV for US$22 mil
SINGAPORE (Nov 19): Procurri Corporation is acquiring the remaining 49% stake it does not already own in US joint venture (JV) company, Rockland Congruity, for US$22 million ($30.2 million).
November 19, 2018
M&A
Keppel Infrastructure Trust emerges preferred bidder for Blackstone's Ixom: AFR
SINGAPORE (Oct 30): Keppel Infrastructure Trust (KIT) is reportedly named the official preferred bidder for IXOM, Blackstone’s Australian chemicals business formerly owned by multinational corporation Orica.
October 30, 2018