Temasek Group said to consider $1.32b bid for UK school group: Report

Singapore’s state investment firm Temasek Holdings is considering a £2 billion ($1.32 billion) joint bid with an infrastructure fund managed by Swedish private equity firm EQT for UK-based schools operator Cognita, according to Sky News. CVC Capital Partners is also reportedly examining the bid while Singapore’s sovereign wealth fund GIC is among ...

Singapore mobile games studio Mighty Bear closes seed round

Singapore-based mobile games studio Mighty Bear Games has closed an undisclosed seven-figure seed funding led by US-based gaming investors including Skycatcher, Everblue and M Ventures. In a statement, Mighty Bear claimed the seed round is one of the largest in Southeast Asia. “Typically, seed rounds in Southeast Asia are around $1 million mark, ...

Toyota gains access to data on driving patterns across SE Asia with $1b Grab bet

By pumping $1 billion into ride-hailing firm Grab , Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic. The Japanese automaker said it aims to install its TransLog driving recorder devices into Grab’s ...

Oyo reveals plans for China after establishing presence in 26 cities

Hotel chain Oyo is expanding its China business, its third overseas market. Oyo, which is owned and operated by Oravel Stays Pvt. Ltd, has more than 11,000 rooms across 26 Chinese cities, including Hangzhou, Xian and Guangzhou. The company had entered China earlier this year, but disclosed its business only on Wednesday. “After our successful ...

Walmart borrows $16b to fund Flipkart buy in year’s second-largest bond sale

Walmart Inc. sold $16 billion of bonds to help finance its investment in India’s biggest online seller, in the second-largest U.S. corporate debt sale of the year. The retailer offered fixed- and floating-rate notes in nine parts. The longest bond, a 30-year security, yields 1.05 percentage points above Treasuries, less than the initial 1.2 ...

US-based Colony Capital to buy Abraaj’s Latin America, Africa, Turkey funds

Dubai-based buyout firm Abraaj Group has reached an agreement to sell the group’s Latin America, Sub Saharan Africa, North Africa and Turkey Funds and the underlying Limited Partnership (LP) interests to US investment management firm Colony Capital . The agreement has received in-principle regulatory approval and is expected to close upon a ...

Taiyo Nippon, Carlyle lead race to buy Linde and Praxair assets

Taiyo Nippon Sanso Corp and private equity firm Carlyle Group have emerged as frontrunners to buy assets that gases groups Linde and Praxair need to divest to seal their planned merger, people close to the matter said. The bidders could finalize terms in the next few weeks on the sale of two packages of assets worth about $8 billion in total, the ...

Walmart borrows $16b to fund Flipkart buy in year’s second-largest bond sale

Walmart Inc. sold $16 billion of bonds to help finance its investment in India’s biggest online seller, in the second-largest U.S. corporate debt sale of the year. The retailer offered fixed- and floating-rate notes in nine parts. The longest bond, a 30-year security, yields 1.05 percentage points above Treasuries, less than the initial 1.2 ...

Guggenheim said to mull stake sale for $250b asset management unit

Guggenheim Partners is exploring the sale of a stake in its $250 billion asset-management unit overseen by Scott Minerd, according to people familiar with the matter. Guggenheim Partners Investment Management has been in talks with global insurers, sovereign wealth funds and investment pools in Europe, the Middle East and Asia, the people said. ...

Abraaj founder apologises “unreservedly” in memo to employees

Abraaj , the Dubai-based private equity firm founded by Pakistani financier Arif Naqvi, filed for a court-supervised restructuring earlier this month after investors accused the company of mismanaging their money and creditors pressed for liquidation. The downfall of what was once one of the most influential private equity firms in the Gulf has ...
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