Toronto-based Inmet Mining Corp., which owns and operates copper and zinc mining sites around the world, has rejected a second takeover bid from Canadian mining company First Quantum Minerals Ltd. The latest bid had an estimated value of C$4.9 billion (or C$70 per share). Inmet has a major private equity backer, Ellington Investments, a subsidiary of Temasek Holdings, which invested C$500 million in the company in 2011. First Quantum previously made an unsolicited buyout offer that contemplated an acquisition price of C$62.50 per Inmet share.

Singapore state investor Temasek Holdings and private equity firm RRJ Capital bought nearly half of the shares in the $1.34 billion offering by PetroChina Co,‘s unit Kunlun Energy Co., Reuters reported Tuesday. More than 140 investors bought into the company, which is becoming a leading player in China’s natural gas sector, according to a term [...]

Temasek Holdings, the smaller but more visible of Singapore’s two sovereign funds, is moving into a new phase with its investment strategy, writes Reuters. The shift in strategy could transform the institution into a group similar to Blackstone, another $160 billion institution, which has grown from a focused private equity firm to a global asset [...]

Singapore state investor Temasek Holdings has set up a new subsidiary called Pavilion Capital Pte Ltd that will invest primarily in privately owned firms in North Asia, writes Reuters. The wholly owned subsidiary will be headed by Temasek’s former chief investment officer, Tow Heng Tan. The fund will have at least $1 billion to invest, [...]

Dec 21 (Reuters) – Chinese low-end smartphone maker Xiaomi has received $90 million in B-round venture capital funding from investors such as IDG Capital, Temasek Holdings and Qualcomm Inc, the 21st Century Business Herald reported on Wednesday.

Manish Kejriwal is leaving his post as India head for Singapore state investor Temasek Holdings, and may create his own fund in India, Reuters reported. Kejriwal is a former partner at McKinsey & Co., and joined Temasek in 2004. He oversaw the firm’s investments in India and the financial services sector.

Investors Temasek Holdings, Seatown Holdings and RRJ Capital Master are pouring $150 million into Clean Energy Fuels Corp., a North American natural gas fuels provider, Reuters reported. The investment, in the form of 7.5 percent notes that can be converted into Clean Energy shares at $15 apiece, is expected to close by the end of August, Reuters said.

South Africa’s E. Oppenheimer family and Singapore state investor Temasek Holdings have launched a $300 million buyout fund to invest in consumer goods and agricultural deals across Africa, Reuters reported. The fund, Tana Africa Capital, will also look at media, education and healthcare across Africa. The Oppenheimer family and Temasek will each invest $150 million in the fund.

SHANGHAI, April 21 (Reuters) – Chinese online video website Tudou Holdings is still planning to go public in the United States and is on schedule for its listing, a company spokeswoman told Reuters, after rumors circulated in the market that the company could be up for sale to a rival.

The company’s backers include Temasek Holdings, IDG Technology Venture Investment, Granite Global Ventures, General Catalyst Partners, Jafco Asia, KTB Ventures and JAIC….

With all the fuss about the HCA IPO last week, I thought it would be fun to look at a company that has performed well under its PE ownership and still produced a generous gain.

For your consideration, Avago Technologies.

Silver Lake, KKR and Temasek Capital acquired Avago, which makes chips used in products like cell phones and computer servers, in 2005 for $2.7 billion. They invested roughly $1 billion of equity.