acquisitions

MindChamps acquires Punggol Northshore centre for $3.8 mil
SINGAPORE (Mar 22): MindChamps PreSchool’s Singapore subsidiary is fully acquiring MindChamps PreSchool @ Punggol Northshore from the centre’s owner, known as Chen Han, for a total consideration of $3.79 million. In a filing on Friday, MindChamps PreSchool says the latest acquisition comes in line with its plans to expand its business. The transaction will be funded with a combination ...
Oceanus buys majority stake in media & marketing agency for $0.4 mil
SINGAPORE (Mar 20): Seafood supply chain manager Oceanus Group’s subsidiary, Oceanus Investment Holdings, has acquired a majority 51% stake in AP Media for $0.4 million from sole owner and director Tan Guan Cheong. This leaves Tan with a remaining 49% interest in AP Media.   Previously known as Digimatic Creative, AP Media is a media and marketing solutions agency specialising in ...
Wilmar in US$275 mil takeover deal to fully acquire food company Goodman Fielder
SINGAPORE (Mar 11): Wilmar International is acquiring the remaining 50% stake in FPW Singapore Holdings it does not already own from Oceanica Developments for US$180 million ($244.55 million). FPW Singapore Holdings indirectly wholly owns Goodman Fielder and its companies which manufacture, market, and distribute food ingredients and consumer branded food, beverage and related ...
AusGroup to buy housing village & facilities on Australia's Melville Island for $11.4 mil
SINGAPORE (Feb 19): AusGroup, the construction and marine services provider, is acquiring an accommodation village plus facilities worth A$11.8 million ($11.4 million). The village comprises a 119-man accommodation camp, kitchen, administration building and recreational facilities at Port Melville, Melville Island in the Northern Territory of Australia, supporting the Northern Territory oil ...
Schroders acquires Thirdrock Group for undisclosed sum
SINGAPORE (Feb 1): Schroders Wealth Management has acquired the wealth management business of Thirdrock Group, a Singapore-based asset manager with a client asset under management (AUM) of about $3 billion. The value of the transaction was not disclosed. In a Friday announcement, Schroders says Thirdrock Group will be merged with its existing Singapore business and operate under the ...
Best World takes up 12.5% stake in A*STAR biotech start-up for $5.6 mil
SINGAPORE (Jan 14): Best World has agreed to acquire a 15% stake in Celligenics, a biomedical A*STAR spin-off start-up, in two investment phases.   The first phase will see Best World subscribe for 12.5% of Celligenics shares for $5.625 million, which will be funded by the group’s internal resources. The second phase will commence 18 months after the first is completed. It will ...
Further acquisition deals, Paragon to serve as key re-rating catalysts for SPH REIT
SINGAPORE (Jan 7): OCBC Investment Research and Maybank Kim Eng are maintaining their “hold” calls on SPH REIT with an unchanged fair value estimate and price target of 99 cents and $1.02, respectively. This comes after the REIT’s 1Q19 earnings results came in line with both research houses’ estimates, with DPU coming in flat y-o-y at 1.34 cents due to the retention of a lower $1.3 ...
Artivision seeks extension of long stop date for reverse takeover of e-payment solutions firm
SINGAPORE (Jan 2): Artivision Technologies has signalled a delay in its plans to acquire a 100% stake in e-payment solutions provider Mobile Credit Payment (MC Payment), as the group is now in discussions to extend the long stop date of its acquisition, which was originally due on Dec 31, 2018. To recap, Artivision first announced in Nov 2017 that the group intended to transform itself into an ...
KKR invests in Singapore energy-saving firm in first impact bet
SINGAPORE (Dec 13): KKR & Co. is buying a stake of as much as $45 million in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally. It’s investing as part of a Series B fundraising for BBP, which helps companies throughout Asia reduce electricity consumption. The company plans to use the funds to ...
Procurri acquires remaining 49% stake in Rockland JV for US$22 mil
SINGAPORE (Nov 19): Procurri Corporation is acquiring the remaining 49% stake it does not already own in US joint venture (JV) company, Rockland Congruity, for US$22 million ($30.2 million). The consideration is to be paid in two tranches, with US$12 million due upon completion of the purchase, and another US$10 million in Jan 2020. Procurri intends to fund the acquisition using internal ...