VC-backed Turnitin hires North American sales SVP

By Iris Dorbian — 7 days ago

Oakland, California-based Turnitin, a service that aims to detect student plagiarism, has named Jill Hedrick as senior vice president of North American sales. Previously, Hedrick worked at Northwest Evaluation Association where she served as vice president of partner accounts. Turnitin is backed by Insight Venture Partners, GIC, Norwest Venture Partners, Lead Edge Capital and Georgian Partners.


GIC to invest HK$659 mln into Bloomage BioTech

By Iris Dorbian — 3 weeks ago

GIC will make a total investment of HK$659 million into Bloomage BioTech. As a result of the investment, GIC will become a major shareholder in Bloomage BioTech. Based in China, Bloomage BioTech is a provider of medical cosmetic products and a maker of raw materials of sodium hyaluronate. PRESS RELEASE BEIJING, Nov. 4, 2015 /PRNewswire/ […]


Carlyle-led group to buy Veritas for $8 bln

By Luisa Beltran — 4 months ago

Symantec Corp. said Tuesday it has agreed to sell its information management business, known as Veritas, to an investor group led by the Carlyle Group and GIC for $8 billion cash. Once the deal closes, Symantec said it expects to receive about $6.3 billion in net cash proceeds. BofA Merrill Lynch, Morgan Stanley & Co. LLC, UBS Investment Bank and Jefferies have agreed to provide debt financing. J.P. Morgan Securities LLC is serving as financial advisor to Symantec. BofA Merrill Lynch, Morgan Stanley & Co. LLC, and UBS Investment Bank are financial advisors to Carlyle and GIC.


Matterport picks up $30 mln Series C

By Iris Dorbian — 5 months ago

Mountain View, California-based Matterport, which develops technology that creates immersive spaces in VR, web and mobile apps, has secured $30 million in Series C funding. Qualcomm Ventures led the round with participation from other investors that included GIC.


GIC, CPPIB to buy D-Cube Retail Mall for $263 mln

By Luisa Beltran — 6 months ago

GIC and Canada Pension Plan Investment Board said Monday they have entered into a joint venture to buy acquire the D-Cube Retail Mall in Seoul, South Korea for $263 million. Daesung Industries is the seller. GIC and CPPIB will each own a 50 percent stake in the D-Cube Retail Mall.


KKR teams with GIC to form non-banking finance company in India

By Chris Witkowsky — 11 months ago

Kohlberg Kravis Roberts and Singapore’s sovereign wealth fund GIC have formed a non-banking financial company to provide structured credit solutions in the real estate sector in India. This is KKR’s second non-banking financial company in India. Since 2009, the firm has provided more than $2 billion of structured financing to 21 business groups in India through its credit and capital markets business.