M&A Deal Summary

Temasek Holdings Acquires SMRT

On July 20, 2016, sovereign wealth fund Temasek Holdings acquired transportation company SMRT for 1.2B SGD

Acquisition Highlights
  • This is Temasek Holdings’ 2nd transaction in the Transportation sector.
  • This is Temasek Holdings’ 4th largest (disclosed) transaction.
  • This is Temasek Holdings’ 4th transaction in Singapore.

M&A Deal Summary

Date 2016-07-20
Target SMRT
Sector Transportation
Buyer(s) Temasek Holdings
Deal Type Going Private
Deal Value 1.2B SGD

Target

SMRT

Singapore, Singapore
SMRT is a public transport operator responsible for running Singapore’s rail network. The company oversees multiple train lines and supports them with bus, taxi, and private-hire vehicle services. SMRT is based in Singapore.

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Buyer(S) 1

Buyer

Temasek Holdings

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1974
PE ASSETS 434.0B SGD
Size Mega
Type Sector Agnostic
DESCRIPTION

Temasek Holdings is a state-owned investment holding company. Temasek is owned by the government of Singapore and invests directly and indirectly in a broad range of assets and sectors. Target sectors include financial services, telecommunications, media, technology, transportation, industrials, life science, consumer, real estate, energy, and resources. Temasek was formed in 1974 and is based in Singapore.


DEAL STATS #
Overall 19 of 50
Sector: Transportation M&A 2 of 2
Type: Going Private M&A Deals 1 of 2
Country: Singapore M&A 4 of 5
Year: 2016 M&A 1 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-25 NSE India

Mumbai, India

NSE is the dominant equities exchange in India. NSE India's robust state-of-the-art technology platform offers high levels of robustness, safety and resilience for trading and investment opportunities across all asset classes and for all categories of investors. NSE is focused on investor protection and disciplined development of the Indian capital market landscape. NSE India was founded in 1992 and is based in Mumbai, Maharashtra.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 AETOS Holdings Pte

Singapore, Singapore

AETOS Holdings Pte Ltd. is a provider of integrated and tailor-made solutions that cater to the security needs of a diverse clientele.

Sell -