July 30, 2014 11:39 PM ET

Capital Markets

Company Overview of GIC Pte. Ltd.

Company Overview

GIC Pte. Ltd., formerly known as Government of Singapore Investment Corporation Pte Ltd., is a sovereign wealth fund of the Government of Singapore. The firm manages foreign exchange reserves of the Government of Singapore. It invests in the public and private equity with a focus on health care, financial and business services as well as natural resources, real estate, fixed income, and alternative markets including foreign exchange, commodity, and money markets across the globe. The firm invests through its subsidiaries GIC Asset Management Pte Ltd., GIC Real Estate Pte Ltd., and GIC Special Investments Pte Ltd. Government of Singapore Investment Corporation was founded in 1981 and is based...

168 Robinson Road

Suite 37-01

Capital Tower

Singapore,  068912

Singapore

Founded in 1981

Phone:

65 6889 8888

Fax:

65 6889 8722

Key Executives for GIC Pte. Ltd.

Group President and Chairman
Age: 67
President of Europe and Global Head of Direct Investments Group
Chief Risk Officer
Age: 52
Director of Investment Operations
Director of Internal Audit
Compensation as of Fiscal Year 2014.

GIC Pte. Ltd. Key Developments

Suitors Reportedly Eyes 51% Stake In Vasan Healthcare

Sime Darby Berhad (KLSE:SIME), Netcare Limited. (JSE:NTC), The Carlyle Group LP (NasdaqGS:CG), Apax Partners LLP and Warburg Pincus LLC are in talks with GIC Pte. Ltd., Sequoia Capital, Westbridge Capital and AM Arun regarding acquiring 51% stake in Vasan Healthcare Private Limited. The expected price for the stake is about INR 35.7 billion, one of the people said. The person added that Sime Darby is ahead in the discussions. GIC had put in $100 million for a 22% stake, while Sequoia owns 18% and Westbridge 3% own stake in Vasan Healthcare. Arun holds a 57% stake in the company. "Around 51% will be sold with the promoter also selling part of his stake," a second person involved in the deal said.

Flipkart Online Services Is Reportedly In Talks To Raise $500 Million

Flipkart Online Services Pvt. Ltd. is in negotiations to raise at least $500 million, an investment round that will prepare the ground for a likely listing in the US in 2015, according to several people aware of the development. These sources, who are not directly involved in the process, said a fund founded by Russian billionaire Yuri Milner is taking the lead drawing in new investors soon after pouring money itself into Flipkart. Among those said to be interested are GIC Pte. Ltd. and T. Rowe Price Group, Inc. (NasdaqGS:TROW). Flipkart declined comment on what it called a market speculation. GIC and T Rowe Price did not reply to questions sent by email, reported Economic Times. General Atlantic LLC and Fidelity Investments are also being spoken of as potential investors in Flipkart. If all the investments come through, Flipkart could end up raising well over $1 billion. As Flipkart readies for an eventual US listing expected in 2015, cofounder Sachin Bansal, has said Nasdaq is a definite possibility.

GIC Reportedly Eyeing Remaining 50% Stake In RomaEst

GIC Pte. Ltd. is eyeing remaining 50% stake in RomaEst Shopping Mall. The company is said to be in talks to acquire remaining 50% stake in RomaEst for €200 million in order to further expand its European property portfolio. A Dutch report cited ‘well-informed market sources’ when the firm stated on June 30, 2014, that GIC is acquiring the other 50% of the RomaEst, a move that would give it full control. The news report mentioned that GIC spokesman declined to comment when contacted by The Straits Times.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 28, 2014
Acosta, Inc.
Private Placement
July 23, 2014
Flipkart Online Services Pvt. Ltd.
Merger/Acquisition
July 14, 2014
Santana Parque Shopping
 

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