GIC

Tech

Emerging markets rout presents buying opportunity, GIC CEO says

(Sept 6): The rout in emerging markets presents a potential buying opportunity, according to the chief executive officer of Singapore’s sovereign wealth fund.

M&A

GIC, investment firm Squadra consider Cesp bids

SAO PAULO (Aug 22): Singapore sovereign wealth fund GIC and Brazilian investment firm Squadra Investimentos have emerged as   potential bidders for Companhia Energética de São Paulo, known as Cesp, a person with knowledge of the matter said on Wednesd

IPO

Hong Kong billionaire Richard Li weighs insurance IPO

HONG KONG (June 27): Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said.

M&A

Italy's Benettons tap GIC among bidders for Cellnex holding vehicle: sources

(June 14): Italy’s Benetton family is in talks with long-term investors including Singapore’s GIC to sell up to 30% in a new holding entity that will handle its stake in Spanish telecom masts group Cellnex, four sources familiar with the deal told Reu

M&A

GIC in Rockwood Capital-led JV to acquire and develop office portfolio in California

SINGAPORE (May 22): Singapore’s sovereign wealth fund GIC, together with other investors, have formed a joint venture (JV) led by Rockwood Capital to acquire a portfolio of Class A office assets in Playa Vista, Los Angeles, California.

Property

Frasers Property to jointly invest $236 mil with GIC, JustCo to develop co-working platform across Asia

SINGAPORE (May 16): Frasers Property and Singapore’s sovereign wealth fund GIC are partnering with co-working space provider JustCo to jointly invest US$177 million ($236 million) to develop a co-working space platform across Asia.

Property

GIC in joint venture to acquire South Korean office property for $518 mil

SINGAPORE (May 9): Singapore’s state-owned investment firm GIC has entered into a joint venture partnership to acquire the Grade A office building in Seoul’s central business district for 418 billion won ($518 million).

China Focus

Ping An Good Doctor launches up to US$1.1 bil Hong Kong IPO

(Apr 23): Chinese online healthcare platform Ping An Good Doctor, a unit of the country’s biggest insurer by market value, will start taking investors’ orders for a Hong Kong initial public offering that could raise as much as HK$8.8 billion ($1.4 bil

Akzo Nobel to sell chemicals arm to Carlyle, GIC for $16.5 bil

AMSTERDAM (Mar 27): Akzo Nobel has agreed to sell its specialty chemicals business to US private equity firm Carlyle Group and Singapore's GIC for 10.1 billion euros ($16.5 billion), including debt.

Startups, Entrepreneurs, Digital economy

Grab vanquishes Uber with local strategy, billions from SoftBank

SINGAPORE (Mar 27): As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focused on serving the 620 million people that share its home in Southeast Asia.
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