Cyber security company McAfee has signed a deal worth over $14 billion to be acquired by an investor consortium led by Advent International and others. The other investors in the buying group are Permira Advisers, Canada Pension Plan Investment Board (CPP Investments), Crosspoint Capital Partners, GIC Private Limited, and a fully-owned subsidiary of the Abu […]
Indian e-commerce giant Flipkart has raised $3.6 billion from a new funding round to take its valuation to $37.6 billion. The new funding round of Flipkart was led by Singaporean sovereign fund – GIC, SoftBank Vision Fund 2, Canada Pension Plan Investment Board (CPP Investments), and retail giant Walmart. Sovereign funds DisruptAD, Khazanah Nasional Berhad, […]
Duke Energy has signed a deal worth $2.05 billion to sell a 19.9% stake in its Indiana electric utility subsidiary – Duke Energy Indiana (DEI) to an affiliate of Singapore’s sovereign wealth fund GIC Private. The electric power holding company will retain a majority stake of 80.1% in Duke Energy Indiana, while continuing its operations. […]
Private equity funds managed by Blackstone have wrapped up their previously announced $4.7 billion acquisition of US genealogy company Ancestry. The online family history business has been acquired from Silver Lake, GIC, Permira, Spectrum Equity, and other equity holders. Singaporean sovereign wealth fund GIC will continue to keep a significant minority stake in the genealogy […]
Cinven, a private equity firm, and GIC, the Singaporean sovereign wealth fund, have signed a deal to acquire UK-based specialist insurance broker Miller Insurance for an undisclosed price. The sellers are advisory, broking and solutions company Willis Towers Watson (WTW), which holds an 85% stake, and Miller Insurance’s partners, who hold the remaining 15%. Luigi […]
Reliance Industries has secured equity investments totaling INR172.75 billion ($2.36 billion) for its retail holding subsidiary Reliance Retail Ventures Limited (RRVL) through multiple deals. On Sunday, the Indian conglomerate owned by Mukesh Ambani struck a deal worth INR 18.37 billion ($250 million) with global investment firm TPG in exchange for a 0.41% stake in Reliance […]
Affirm, a California-based fintech company, which claims to offer a more flexible and transparent alternative to credit cards, has raised $500 million in a Series G round of funding. Singaporean sovereign wealth fund GIC, which is a returning investor, and Durable Capital Partners led the funding round of the fintech company, which caters to consumers […]
Klarna, a Swedish fintech company, which serves as an e-commerce payment solutions platform for merchants and shoppers, has pocketed $650 million in a new funding round, to further speed up its global expansion. Technology investor Silver Lake led the funding round which has almost doubled the valuation of the fully licensed Swedish bank to $10.65 […]
India Grid Trust (IndiGrid), an Indian infrastructure investment trust, is set to acquire five electricity transmission assets in India, worth INR11,500 crores ($1.66 billion) from Sterlite Power. Of the five transmission assets, two of them – NRSS XXIX and OGPTL are operational for which a share purchase agreement has been signed by the parties. The […]
California-based food delivery service provider DoorDash raised $400 million in Series F financing led jointly by Singaporean investment company Temasek and Dragoneer Investment Group. The latest funding round gives a valuation of $7.1 billion to the US food delivery service which is currently available to 80% of Americans with plans to cover every postal code […]