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GIC
Disruption and Digitalisation
South Korean firm Yanolja that reinvented love hotels gets GIC, Booking funding
(June 11): Yanolja’s gentrification of South Korean love hotels has brought the company a valuation of more than US$1 billion ($1.4 billion) from investors keen to capitalise on the globalisation of a novel approach to short-stay accommodation, its chie
June 11, 2019
Geopolitics
Briefs
SINGAPORE (May 13): “I have waited my entire career to trade a stock like this, and to open an IPO like Uber.” — Pete Giacchi, senior trader at Citadel Securities. Uber is set to start trading on May 10.
May 13, 2019
M&A
Singtel to buy US$525 mil worth of stock in India's Bharti Airtel
(Mar 7): Singapore Telecommunications (Singtel) said it will buy roughly US$525 million ($712.4 million) worth Bharti Airtel stock as part of the Indian telecoms operator's plan to raise US$4.6 billion through new shares and bonds.
March 07, 2019
Property
GIC in JV to establish US$2 bil unlisted Australian logistics property REIT
(Nov 26): GIC, Singapore’s sovereign wealth fund, and Dexus, an Australian REIT, have established the Dexus Australian Logistics Trust, a new A$2 billion ($2.75 billion) unlisted trust, to invest in logistics properties in Australia.
November 26, 2018
M&A
CapitaLand's RCCIP III fund in JV with GIC to acquire Shanghai's tallest twin towers for $2.54 bil
SINGAPORE (Nov 13): CapitaLand announced that its third integrated development private investment vehicle in China, Raffles City China Investment Partners III (RCCIP III), has formed a 50:50 joint venture (JV) with Singapore’s sovereign wealth fund GIC
November 13, 2018
GIC takes minority stake in Nordic Aviation Capital
SINGAPORE (Oct 16): Singapore sovereign wealth fund GIC is taking a minority stake in Denmark-based Nordic Aviation Capital (NAC), the world's largest lessor of regional aircraft said in a statement.
October 16, 2018
Property
GIC enters into agreement to acquire Tour Ariane in Paris for $741 mil
SINGAPORE (Oct 16): GIC has agreed to acquire Tour Ariane, a 40-storey office tower with a gross lettable area of 64,500 sqm for approximately €465 million ($741 million), from Unibail-Rodamco-Westfield.
October 16, 2018
M&A
GIC said to make another Vietnam bet with Masan group stake
(Oct 6): GIC, the Singapore sovereign wealth fund, is making another bet on Vietnam by purchasing a stake in local conglomerate Masan Group Corp, people with knowledge of the matter said.
October 08, 2018
Startups, Entrepreneurs, Digital economy
Airbnb's China foe is said in talks to raise over US$200 mil
(Sept 28): One of Airbnb’s biggest Chinese rivals is in talks with Singapore’s sovereign wealth fund and other investors for more than US$200 million ($274 million) in new funding to take on the American home-sharing giant, according to people familia
September 28, 2018
Aviation & Engineering
GE's jet-leasing unit said to draw sale interest from GIC
NEW YORK (Sept 11): Singapore’s sovereign wealth fund has expressed interest in buying General Electric Co.’s plane-leasing unit, said people with knowledge of the matter.
September 12, 2018