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GIC
Tech
GIC sees China as Silicon Valley's equal
(Mar 23): After hitting pay dirt with investments in Alibaba Group Holding and Xiaomi, Singapore sovereign wealth fund GIC is giving China as much attention as it does Silicon Valley in the search for the next big thing in tech.
March 23, 2018
Startups, Entrepreneurs, Digital economy
GIC participates in fundraising in real-time DNA sequencer
SINGAPORE (Mar 20): GIC, Singapore's sovereign wealth fund, has invested in the GBP 100 million ($184 million) fundraising by Oxford Nanopore Technologies (ONT).
March 20, 2018
M&A
Temasek, GIC said to mull stake in owner of Salt Bae steakhouse
SINGAPORE (Mar 8): A consortium of three global investors comprising Singapore’s sovereign wealth fund GIC and Singapore investment firm Temasek, as well as London investment firm Metric Capital, are said to be close to buying a minority stake in a rest
March 08, 2018
Easy loving from Temasek – spend more, get more
(Mar 2): DBS Group Holdings returned almost 84% of its profit last year to shareholders, the most since 2005.
March 02, 2018
M&A
GIC in group to acquire 55% of AccorInvest for $7.1 bil
SINGAPORE (Feb 28): GIC, the global investment firm, along with a group of investors will be acquiring a 55% stake in AccorInvest for €4.4 billion ($7.13 billion).
February 28, 2018
M&A
GIC frontrunner in acquisition of 40% stake in India office space landlord Prestige for US$200 mil: report
SINGAPORE (Feb 19): GIC has emerged as the frontrunner to acquire a slightly over 40% stake in the tenanted office space unit of leading southern developer Prestige Estates Projects for a consideration of US$200 million ($262 million), according to a Mond
February 19, 2018
M&A
Blackstone to buy Thomson Reuters unit in US$20 bil deal
(Jan 31): A group led by Blackstone Group agreed to buy a majority stake in Thomson Reuters’s financial and risk unit in a deal that values the business at US$20 billion ($26.1 billion), sealing plans for the firm’s biggest buyout in a decade.
January 31, 2018
M&A
Blackstone closes US$1.1 bil deal to buy Maui resort from GIC: reports
(Jan 11): Blackstone Group LP reached an agreement to acquire a luxury resort on the Hawaiian island of Maui for about US$1.1 billion, according to a person with knowledge of the deal.
January 11, 2018
M&A
GIC-Canada Pension-Scion JV acquires 24 US student housing properties for $1.5 bil
SINGAPORE (Jan 3): Scion Student Communities, a joint venture of GIC, Canada Pension Plan Investment Board (CPPIB) and The Scion Group, has acquired a US student housing portfolio for US$1.1 billion ($1.5 billion).
January 03, 2018
Dr Tony Tan Keng Yam appointed director and special advisor of GIC
SINGAPORE (Nov 21): GIC on Tuesday announced that Dr Tony Tan Keng Yam has been appointed Director and Special Advisor to GIC, with effect from January 1, 2018.
November 21, 2017