Stake Purchase • Information Technology

Temasek Holdings Invests In UST

On June 27, 2018, sovereign wealth fund Temasek Holdings invested in information technology company UST

Investment Context
  • This is Temasek Holdings’ 4th transaction in the Information Technology sector.
  • This is Temasek Holdings’ 11th transaction in the United States.
  • This is Temasek Holdings’ 4th transaction in California.

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Investment Summary

Date June 27, 2018
Target UST
Sector Information Technology
Investor(s) Temasek Holdings
Deal Type Stake Purchase

Target Company

UST

Aliso Viejo, California, United States
UST offers digital technology solutions to Fortune 500 companies across various geographies. The company caters to technology and innovation requirements of multinational corporations providing end-to-end solutions including digital customer engagement, data analytics, cloud consulting, product engineering, automation and cybersecurity solutions. UST was founded in 1999 and is based in Aliso Viejo, California.
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Investor Overview 1

Investor

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 Context for Investor #
Overall 29 of 50
Sector: Information Technology 4 of 6
Type: Stake Purchase 9 of 14
State: California 4 of 5
Country: United States 11 of 15
Year: 2018 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 Adyen

Amsterdam, Netherlands

Adyen is a global technology company focused on payments. It has built an efficient single platform that enables the acceptance and processing of cards and local payments globally across its merchants' online, mobile and point of sale channels. Adyen's global platform has integrated and simplified the payments value chain, enabling it to partner with large merchants to rapidly scale their businesses both locally and globally, without the varied inefficiencies inherent in traditional payment platforms. Adyen was founded in 2006 and is based in Amsterdam, Netherlands.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-25 ClassPass

New York, New York, United States

ClassPass connects members to a variety of fitness experiences, including yoga, cycling, pilates, barre, running, strength training, dance, sports, videos, and more with over 10,000 partners in 50 cities worldwide. ClassPass was formed in 2013 and is based in New York City.

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