Laxfield Capital provides debt for Urbanest

Laxfield Capital, a specialist UK commercial mortgage investment manager, has completed a loan facility for student accommodation provider Urbanest. The Laxfield Lending Programme is backed by GIC, Singapore’s sovereign wealth fund.

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Insight Venture Partners to acquire iParadigms

iParadigms is to be acquired for $752 million by Insight Venture Partners and GIC, Singapore’s sovereign wealth fund. iParadigms is a provider of cloud-based educational technologies to prevent plagiarism, verify content, and evaluate student learning.

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EQT Mid Market acquires I-MED Radiology Network

EQT Mid Market is to acquire Australia-based I-MED Radiology Network, a diagnostic imaging network. Caisse de dépôt et placement du Québec of Canada and Singapore-headquartered GIC will be investing alongside EQT Mid Market.

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GIC invests in Intelligent Energy

Intelligent Energy Holdings and GIC, Singapore’s sovereign wealth fund have invested approximately $63 million in the company.The investment takes the form of a new issue of 15,129,468 Ordinary Shares to GIC, representing 10 per cent of the company’s enlarged issued ordinary share capital immediately following the placing of shares to GIC.

Singapore’s Ascendas, GIC to invest in India property – Reuters

Singapore warehouse and industrial park developer Ascendas has set up a programme with a target asset size of S$600 million ($481.60 million) to invest in Indian real estate, focusing on business space, writes Reuters. Singapore sovereign wealth fund GIC is a principal investor in the programme.

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peHUB First Read

Tuesday morning brings news of Littlejohn’s latest fundraising, the biotech class of 2013, BDCs tapping venture lending for growth and Capita’s chief exec returning to private equity.

Reuters – Springer Science Set to Attract Five Bids from PE

Five private equity groups are set to bid for Springer Science+Business Media, owned by private equity firm EQT and sovereign wealth fund GIC, writes Reuters. While EQT and GIC are hoping to reap as much as 4 billion euros ($5.2 billion) for the German speciality publisher of scientific journals, the prospective buyers are unlikely to offer much more than a price tag of slightly over 3 billion euros, writes Reuters.

Reuters – EQT Shelves Springer Science Sale

EQT has pulled the sale of German academic publisher Springer Science+Business Media because it believes it can achieve a better price later in the year, the Financial Times reported, writes Reuters. Sweden’s EQT, which teamed up with GIC, the investment vehicle of the government of Singapore, to buy Springer in 2009 was aiming to get up to 4 billion euros ($5.3 billion) for the publisher.

Axiom closes third Asia fund

Axiom Asia Capital Management, the private equity firm founded by former executives of Singapore sovereign wealth fund GIC, has closed its third Asia fund at $1.15 billion, writes Reuters. About half the firm’s investments are made in Greater China with India following as the next biggest market for Axiom, writes Reuters. Reuters – China remains […]

Reuters: Asia Primed for PE Deals

HONG KONG, March 25 (Reuters) – Private equity deals in Asia got off to a steady start in 2011, as buyout funds provided capital to companies in rapidly growing China and India, and some analysts say competition is pushing up valuation in some Asian countries. Asia has traditionally been a growth market for PE funds, […]

Singapore’s Sovereign Wealth Fund GIC Seeks To Sell Seoul Building – Reuters

Singapore sovereign wealth fund GIC is seeking to sell an office building in Seoul, Reuters reported citing South Korea’s Maeil Business Newspaper. The property has an estimated value of up to 1.1 trillion won ($977.2 million), the newspaper said. Government of Singapore Investment Corp., purchased the 30-story building, which is known as Seoul Finance Center, for 355 billion won in 2000.

TPG, GIC Invest $331M in Indonesia Coal Company

TPG Capital and Singapore sovereign wealth fund GIC have paid 2.99 trillion rupiah ($331 million) for a stake in an Indonesia coal contractor, Reuters reported. The two firms acquired a stake in the special purpose vehicle Northstar Tambang Persada, which owns 40% of coal contractor PT Delta Dunia Makmur, Reuters said.

EQT, GIC Agree To Buy Springer Science

LONDON/STOCKHOLM (Reuters) – Swedish private equity firm EQT and the Singapore government are buying Springer Science and Business Media, allowing an exit for the two UK buyout firms that have owned the debt-laden business since 2003. EQT, closely linked with Sweden’s powerful Wallenberg family and its Investor (INVEb.ST) group, said on Friday it would buy […]

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