GIC

GIC joins consortium to acquire Hong Kong insurance company for US$1.7 bil

SINGAPORE (Aug 18): Sovereign wealth fund GIC says it has joined a consortium of Asia-based investors to acquire a Hong Kong-based insurance company, MassMutual Asia, from Massachusetts Mutual Life Insurance Company for a total of consideration of about U

Blackstone, GIC lead buy out of Goldman Sachs stake in Rothesay Life

LONDON (Aug 9): Goldman Sachs has sold its remaining stake in British pensions insurance business Rothesay Life to a trio of existing investors including Singapore's sovereign wealth fund a decade after setting up the company.

M&A

Macquarie, GIC funds offer to buy Philippines' EDC shares for up to $1.8 bil

MANILA (Aug 3): Philippine renewable power producer Energy Development Corp said on Thursday a consortium of investors including a unit of Singaporean sovereign wealth fund GIC had offered to buy about a third of the company.

GIC leads US$220 mil funding round for Chinese P2P firm Dianrong

HONG KONG (Aug 2): Chinese peer-to-peer lending platform Dianrong said on Wednesday it raised US$220 million ($299 million) from a group of investors led by Singapore sovereign wealth fund GIC, looking to step up research of new technology as it expands a

M&A

Global Logistic Properties receives $3.38/share offer from Hopu-Hillhouse consortium; values company at $16 bil

SINGAPORE (July 14): Shares of Global Logistic Properties closed 22% higher at $3.29 on Friday on volume of 153.6 million.

Results

Expect lower portfolio real returns in the coming years: GIC

SINGAPORE (July 10): Singapore’s sovereign wealth fund, GIC, has reported an annualised real return of 3.7% above global inflation for its portfolio over the 20-year ended March 31.

GIC taking stake in financial news and data firm Mergermarket

LONDON (June 30): Singapore sovereign wealth fund GIC has agreed to buy around 30% of financial news and data company Mergermarket Group from its private equity owner, sources familiar with the matter said.

Race to buy US$10 bil valued GLP narrows down to two groups

SINGAPORE (June 30): The race to buy Global Logistic Properties is now between a Chinese consortium backed by the company's management and a rival group led by Warburg Pincus, sources said ahead of a Friday deadline to submit bids for the firm valued

GIC said to confront complaints in sale of GLP

SINGAPORE (June 27): The litany of complaints about the biggest Asian buyout deal became so bad that Singapore’s sovereign wealth fund decided to act.

M&A

Reuters says GLP to get bids from at least 3 prospective buyers next week

HONG KONG/SINGAPORE (June 23): A Chinese consortium and two private equity firms are likely to submit bids next week to buy Singapore-listed warehouse operator Global Logistics Properties (GLP), people with direct knowledge of the matter said on Friday.
×