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

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.

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.

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.

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

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.

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.  

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.

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

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.
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