209 Views

Vertex Ventures raises more than $140 mln for debut fund

Vertex Ventures has raised $140.85 million for its inaugural fund, according to a regulatory filing. The firm, which is located above Antonio’s Nut House in Palo Alto, Calif., was co-founded by General Partners In Sik Rhee and Jonathan Heiliger to make early-stage investments in enterprise and cloud infrastructure companies.

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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.

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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.

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