GIC Special Investments Pte Ltd
From Taighde
GIC Special Investments Pte Ltd was launched in 1982 as a subsidiary of the Government of Singapore Investment Corporation (GIC), handling investments in the field of private equity. Their investment activities leveraged buyouts, venture capital, growth capital, mezzanine financing, distressed situations, infrastructure and other special situation investments. They mainly focus on markets in China, Japan, India, South Korea, Australia and Southeast Asia, and have staff in Singapore, Beijing, London, New York and San Francisco.
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About GIC Special Investments Pte Ltd
The GIC SI portfolio today is a multi-billion dollar collection of fund investments and direct investments in companies.
GIC SI is organised into seven groups:
- Corporate Services Unit
- North America Private Equity Group: looks after fund investments and co-investments in the US.
- Europe Private Equity Group: looks after fund investments and co-investments in Europe.
- Global Technology Group: makes investments in venture capital funds worldwide.
- Asia Private Equity Group: responsible for direct and fund investments in Asia.
- Global Infrastructure Group: set up recently to pursue investments in global infrastructure assets. The primary investment strategy is to make direct investments in mature, operational assets with a high degree of cash flow visibility and operate in regulated environments or in businesses with high barriers to entry. The group’s major focus is on large scale projects and takes a long term view of its infrastructure investments.
- Global Strategy and Investment Group: makes strategy and policy recommendations in areas such as asset allocation, investment criteria and risk management.
Management
Board of Directors
| Name | Position |
|---|---|
| Tony Tan Keng Yam | Chairman |
| Ang Kong Hua | Director |
| Peter Seah Lim Huat | Director |
| G Leonard Baker Jr | Director |
| Jonkheer Otto van der Wyck | Director |
| Lim Siong Guan | Director |
| Ng Kok Song | Director |
| Teh Kok Peng | Director |
Senior management
| Name | Position |
|---|---|
| Teh Kok Peng | President |
| Kunnasagaran Chinniah | Regional Head, Asia Pacific Private Equity |
| Ang Eng Seng | Regional Head, Europe Private Equity Global Head, Infrastructure |
| Tay Lim Hock | Regional Head, Americas Private Equity |
| Ng Kin Sze | Global Head, Strategy & Risk Management |
| Florence Tan Siew Eng | Global Head, Human Resource & Finance |
| John Tang Weng Yew | Head, Global Venture |
Offices
Singapore (Headquarters): 168 Robinson Road 37-01 Capital Tower Singapore 068912 Tel: (65) 6889 8888 Fax: (65) 6889 6891
Beijing: Unit 1828, Level 18 China World Tower 1 No. 1 Jian Guo Men Wai Avenue Chaoyang District Beijing 100004 China Tel: (86 10) 6505 5920 Fax: (86 10) 6505 5914
London: 1st floor York House 45 Seymour Street London W1H 7LX United Kingdom Tel: (44 20) 7725 3888 Fax: (44 20) 7725 3511
San Francisco: 255 Shoreline Drive, Suite 600 Redwood City, CA 94065 USA Tel: (1 650) 593 3100 Fax: (1 650) 802 1213 (North America Private Equity Group) Fax: (1 650) 620 2015 (Global Technology Group)
New York: Cityspire, 156 West 56th Street 19th Floor New York, NY 10019 USA Tel: (1 212) 468 1900 Fax: (1 212) 468 1901
Investments
GIC Special Investments Pte Ltd holds investments in a variety of global, regional, country focus, sector focus and special situation funds, including the Texas Pacific Group, The Carlyle Group, Hellman & Friedman, The Blackstone Group, Bain Capital, KKR, Providence, Silver Lake, BC Partners, Permira, CVC, Sequoia Capital, Sigma Partners, Affinity Equity Partners and Avenue Asia. It has also invested in a number of emerging funds, such as Ironbridge Capital, a private equity fund manager focused on medium sized buyouts and expansion capital opportunities in Australia and New Zealand. GIC SI became a cornerstone investor in its first fund, which closed in September 2004 with a fund size of AUD 450 million. In November 2006, Ironbridge Capital closed a second fund at AUD 1.05 billion.
They have invested directly and co-invested in more than 200 companies globally, including HCA Inc., Freescale Semiconductor, Sungard Data Systems, Universal Studio Theme Parks, Warner Music Group, Celanese, Debenhams, Nycomed, Placeware, Spinnaker Networks, Arbortext, Affinity Health and Shinsei Bank.
Li Ning
Li Ning is the largest Chinese sports apparel and footwear company and ranks among the top three in terms of sales in China. GIC SI led a private equity round for Li Ning in January 2002.
China International Capital Corporation (CICC)
CICC is China’s first joint-venture investment bank. CICC has been involved in various landmark deals, such as the flotation of China Telecom, PetroChina, China Life Insurance, China Construction Bank and Industrial and Commercial Bank of China.
Infrastructure Development Finance Company (IDFC)
In 1998, GIC SI joined other foreign investors to invest in IDFC, a wholesale bank set up by the Government of India to provide infrastructure financing. By 2006, net loans of IDFC had exceeded INR 100 billion. The bank also set up the first private equity fund for infrastructure in India in 2004, and closed a second fund in 2006. IDFC was listed in 2005. By August 2006, it has reached a market capitalization of about USD 1.5 billion.
British Airports Authority plc (BAA)
BAA is the world’s largest airport operator, with a portfolio of seven airports in the UK, including Heathrow, Gatwick and Stansted Airports. In May 2006, a consortium, led by Ferrovial and comprising GIC SI and Caisse de depot et placement du Quebec, successfully acquired the UK-listed BAA in a take private transaction.
Associated British Ports Holdings plc (ABP)
ABP is the largest port operator and owner in the UK. GIC SI, together with other consortium members including Goldman Sachs, Borealis and Infracapital, successfully acquired the UK-listed ABP in a take private transaction in August 2006.
