Temasek acquires 9% stake in Italian equity investor FSI
1 report, 1 independent
Updated Mon 00:00
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What happened
Temasek acquired a 9 per cent stake in the management company of Italian growth equity investor FSI in Singapore. The Singapore investment firm stated that additional capital is planned for future FSI funds. FSI manages approximately five billion euros in assets under management.
From businesstimes.com.sg
Why it matters
The acquisition deepens Temasek’s exposure to Italy’s mid-market, which FSI defines as businesses with revenues between 70 million and 200 million euros. Temasek had previously invested in FSI’s funds and is also an investor in FSI’s new Scale-up Capital Solutions fund.
Temasek operates within the Singapore market.
From businesstimes.com.sg
Who's involved
- SingaporeLocation of the management company where the acquisition took place.
- Lawrence WongPrime Minister of Singapore.
- Peter SeahChairman of DBS Group Holdings and DBS Bank.