American enterprise software company Zuora Inc. (NYSE: ZUO) has signed a definitive agreement to be acquired by Silver Lake, the leading global tech investment firm, in partnership with GIC, Singapore’s sovereign wealth fund, for a whopping $1.7 billion. The acquisition is set to transform Zuora into a privately held entity, unlocking new growth opportunities as […]
Global investment firm GIC has further strengthened its portfolio with the acquisition of a high-quality logistics facility in Yokohama, Japan. Situated in the Kanagawa Prefecture within the Greater Tokyo metropolitan area, the asset boasts an advantageous location that provides seamless access to the entire region. This acquisition encompasses a flagship logistics facility developed by Daiwa […]
Brookfield Asset Management and India’s largest private sector enterprise, Reliance Industries, have made a landmark agreement, signing a Memorandum of Understanding (MoU), aimed at bringing renewable energy and decarbonization equipment manufacturing to Australia. The partnership hopes to speed up and reduce risks associated with Australia’s energy transition by enabling the local production of clean energy […]
GIC, an investment firm headquartered in Singapore, has announced its acquisition of a logistics facility located in Yatomi City, part of the Greater Nagoya metropolitan area. The strategic move expands GIC’s portfolio in Japan, positioning the firm closer to the Nagoya central business district and other key regional areas. The asset, developed and completed in […]
India-based metering solutions provider Genus Power Infrastructures has announced the signing of definitive agreements with Singapore-based Gem View Investment Pte Ltd, an affiliate of GIC. The agreements set out the terms for the creation of a platform dedicated to Advanced Metering Infrastructure Service Provider (AMISP) concessions. GIC will hold a 74% stake in the platform, […]
Affiliates of investment firm Centerbridge Partners and institutional investor GIC Real Estate will acquire all of the outstanding shares of Indus Realty Trust, a US-based industrial/logistics real estate investment trust (REIT), for around $868 million in cash. Shareholders of Indus Realty Trust are being offered $67 per share. Post-closing, Indus Realty Trust will become a […]
Canada-based Dream Industrial Real Estate Investment Trust (DIR) and Singapore’s sovereign wealth fund GIC through their joint venture (JV) Canadian Industrial JV have agreed to acquire Summit Industrial Income REIT in an all-cash transaction valued at approximately C$5.9 billion ($4.4 billion), including debt. Summit Industrial Income REIT is a Canadian open-ended mutual fund real estate […]
Eneus Energy Limited, a green ammonia project development company, has secured an undisclosed investment from Carlyle and Singaporean sovereign wealth fund GIC. The investment is expected to support Eneus Energy’s development of a pipeline of green ammonia projects with a combined capacity of over 14GW. Pooja Goyal — Carlyle Infrastructure Group Chief Investment Officer said: […]
Indian real estate company DLF Limited has launched a luxury residential project called ONE Midtown in New Delhi. To be built in Shivaji Marg, Moti Nagar, the ONE Midtown residential project is a joint venture between the company’s fully-owned subsidiary DLF Home Developers and Singapore’s sovereign wealth fund GIC. Aakash Ohri — DLF Home Developers […]
US private equity firm Blackstone said that its Core+ Real Estate strategy in Asia will acquire Singaporean wealth fund GIC’s stake of 49% in the Dexus Australia Logistics Trust for AUD 2.1 billion ($1.5 billion). The remaining 51% stake in Dexus Australia Logistics Trust will be held by Dexus, an Australian real estate investment trust […]