M&A Deal Summary

Standard Chartered Private Equity and TT International Acquire Omni Centre

On May 19, 2015, Standard Chartered Private Equity and TT International acquired retailer Omni Centre

Acquisition Highlights
  • This is Standard Chartered Private Equity’s 3rd and TT International’s 1st transaction in the Retail sector.
  • This is Standard Chartered Private Equity’s 1st and TT International’s 1st transaction in Singapore.
Investment Fate
  • Omni Centre was sold to a consortium of buyers in 2018.

M&A Deal Summary

Date 2015-05-19
Target Omni Centre
Sector Retail
Buyer(s) Standard Chartered Private Equity
TT International
Deal Type Joint Venture

Target

Omni Centre

Singapore, Singapore
Omni Centre, a new electronics retail company owns and operates 60 electronic retail stores in Singapore.

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Buyer(S) 2

DESCRIPTION

Standard Chartered Principal Finance (SCPF) is the alternative asset investment arm of international bank Standard Chartered. SCPF is split into four segments. These include Corporate Private Equity, Real Estate, Infrastructure, and Alternative Investments. SCPF's Corporate Private Equity Group invests across a range of mid to late stage companies in a variety of sectors throughout the Middle East, Asia, and Africa. The Group looks for businesses with motivated management, sustainable business models, and a track record of strong cash-flows. The segment seeks to invest $25 to $100 million to fund expansion needs or management buyouts. SCPF's Real Estate Group targets real estate opportunities in Asia, Africa and the Middle East, with a primary focus on China, India, Singapore, Hong Kong, Korea and Taiwan. The Real Estate Group will consider equity or mezzanine investments in existing assets, as well as development projects and corporate level investments in real estate owners or developers. SCPF's Infrastructure unit focuses on Chinese or Indian assets across transportation, energy, power, water, environment, telecom and urban infrastructure. SCPF's Alternative Investments practice targets distressed and high-yield opportunities. Standard Chartered Principal Finance is based in Singapore, with additional offices around the world.


DEAL STATS #
Overall 12 of 15
Sector: Retail M&A 3 of 3
Type: Joint Venture M&A Deals 1 of 1
Country: Singapore M&A 1 of 2
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-29 An Giang Plant Protection Joint Stock Co.

Long Xuyen City An Giang, Vietnam

An Giang Plant Protection Joint Stock Company operates as a distributor and manufacturer of crop protection chemicals.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 ETG

Dar es Salaam, Tanzania

ETG owns and manages a vertically-integrated agriculture supply chain with operations in procurement, processing, warehousing, transportation, distribution and merchandising. ETG has more than 7,000 employees across 30 African countries and operates 30 processing plants and 300 warehouses. ETG connects African smallholder farmers to consumers around the world by procuring, processing and distributing agricultural commodities including maize, pulses, wheat, rice, cashew nuts, soya, fertilizer, sugar, coffee and tea.

Sell -
Buyer

TT International

Singapore, Singapore

Category Company
Founded 1984
Sector Electronics
DESCRIPTION

TT International is an international trader of consumer electronics. TT International's wide spectrum of consumer electronics covers a range of over 4,000 models. TT International was founded in 1984 and is based in Singapore.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2015 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Omni Centre

Singapore, Singapore

Omni Centre, a new electronics retail company owns and operates 60 electronic retail stores in Singapore.

Sell -