Pluribus Networks pulls in $50 mln Series D

Pluribus Networks, an SDN platform provider, has raised $50 million in Series D funding. Temasek Holdings led the round with participation from previous backers that included New Enterprise Associates, Menlo Ventures, Mohr Davidow and AME Cloud Ventures.


GrabTaxi secures venture backing

GrabTaxi, an automated smart-phone taxi booking platform has secured backing from investors including Vertex Venture Holdings, a wholly-owned subsidiary of Temasek Holdings. A group of angel investors from Malaysia are also providing financial support for the start-up.

Specialty retailer Brookstone plans bankruptcy filing – Reuters

Specialty retailer Brookstone Inc is preparing to file for bankruptcy with a plan in place to be bought by another specialty retailer, the Wall Street Journal reported, writes Reuters. Brookstone was taken private in 2005 by a group led by Osim, Asia’s biggest maker of massage chairs, in a $445 million deal. The group included Temasek Holdings and private equity firm JW Childs Associates LP.

Temasek, Hopu buy stake in Chinese dairy maker – Reuters

Singapore state investor Temasek Holdings and China-focused private equity firm Hopu were among five investors buying a $213 million stake in Yashili International Holdings Ltd, after parent China Mengniu Dairy Co Ltd sold down shares to meet Hong Kong listing requirements, writes Reuters. Temasek, through one of its Mauritius subsidiaries, Hopu and three individual investors agreed to buy 471.13 million shares of Yashili from Mengniu for HK$3.50 each, putting the total deal at HK$1.65 billion ($213 million), writes Reuters.

Temasek, RRJ Buy Stake in Kunlun Energy

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 […]

Singapore Sovereign Fund Shifts Investment Strategy

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 […]

Temasek Holdings Sets Up New Fund

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, […]

China’s Xiaomi Raises $90M Round-Report

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.

Kejriwal Departs Temasek to Start India Fund

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.

Clean Energy Fuels Seals $150M in New Financing

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.

Oppenheimer, Temasek Launch $300M Fund

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.

Tudou’s US IPO Still in the Works

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….

Who Cares About HCA? Silver Lake, KKR Make Five Fold Gain on Avago Investment

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.

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