Siddharth Poddar
The sale of the power company comes a week after Temasek said it had scrapped the auction, citing unfavourable market conditions. It has now sold all three of its power companies in 2008 for a sum of S$11.7bn.
The Chinese sovereiegn fund has reportedly hired Zhou Yuan, former China head of global investment bank UBS.
The Chinese sovereign fund has reportedly hired Zhou Yuan, former China head of global investment bank UBS to lead its real estate and private equity funds.
Three large deals that have recently fallen apart show private equity activity in Asia is not immune to the global financial crisis, writes Siddharth Poddar.
Razak Dawood, previously Pakistan’s trade and industry minister, will advise the MENASA-focused firm as it uses a portion of its $500m fund to invest in South Asia.
The Japanese firm's third buyout fund is targeting a final close on $2bn by the end of the year.
The Indian Infrastructure Fund, initiated by IDFC and the Indian government, aims to raise $5bn in debt and equity to invest in India's transport, telecommunication infrastructure and power sectors.
Singaporean sovereign fund Temasek Holdings will own Singapore's airport by July 2009. The government decided to privatise the airport to give it 'greater flexibility' in a deal that is estimated to be worth up to $2bn.
The distressed investment specialist has teamed with South Korea's National Pension Service to jointly pursue investments in private equity, special situations and real estate.
The Singaporean sovereign wealth fund could fetch an estimated $2.5bn in what will be its third power company sale in 2008.
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