Teledata (Singapore), the IT systems integrators and communications services company, says it is looking to acquire investments to expand its business in the region now that the group has signed a agreement for an equity line of credit of $35 million with GEM Global Yield Fund and GEM Investment Advisors, Inc.

Both are members of the Global Emerging Markets Group, a US$3.4 billion ($4.7 billion) alternative investment group that manages a diverse set of investment vehicles internationally.

“Now that we have finalised our negotiations with GEM for this equity line of credit, Teledata will have the flexibility to capitalise on opportunities to further grow our business. Also with GEM coming onboard as our shareholder in future, we will be able to leverage GEM’s strong track record in private equity investments,” says Christopher Pan, Chairman and CEO of Teledata.

“We have brought in a new team of industry veterans who are actively exploring strategic opportunities that are complementary and synergistic with Teledata’s business. Our key focus is to enhance our products and service offerings, expand our customer base and widen our geographical footprint in the region. We currently have presence in Singapore, Thailand, China, Philippines, Indonesia and Vietnam. We are looking at not only enhancing our presence in these existing countries, but also penetrating new markets in the region,”

Just last month, Teledata announced its first M&A — the proposed acquisition of a major stake in a leading Indonesia-based Internet service provider PT Centrin Online Tbk.

“We intend to use part of the proceeds from this credit facility to fund our proposed acquisition of a 77.7% stake in a leading Indonesia-based internet service provider, PT Centrin Online Tbk, as well as provide for its working capital and capital expenditure. We are also actively looking for potential strategic investments and acquisitions which will boost our business in the region,” adds Pan.