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BlackRock Funds Invest Up to S$555M in TBS Energi Utama Waste Expansion

1 report, 1 independent Updated Oct 21
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

TBS Energi Utama secured an investment of up to S$555 million ($434.34 million) from funds managed by HPS Investment Partners, which is part of BlackRock. The capital will be used to expand the company's waste management business across Asia through newly issued preference shares in SBTH Asia Holdings.

From dealstreetasia.com

Why it matters

Some supportBrind's analysis of the reports

The investment supports the growth of TBS Energi Utama’s waste management platform, which includes operations in Singapore and Indonesia. This funding follows earlier reports that TBS was seeking capital for its Cora Environment business.

From dealstreetasia.com

Who's involved

  • BlackRockManages funds that provided the investment to TBS Energi Utama
  • Allen & GledhillServed as legal counsel for TBS Energi Utama during the investment deal

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Allen & GledhillSpeculative

    Could see increased revenue from securing legal counsel fees for the S$555 million investment deal

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The entities involved

Coverage

Newest first; wire copies grouped