Deals

Japan’s Sumitomo Life completes acquisition of SG insurer Singlife

The ownership change will not affect Singlife’s operations, which include its name, brand, management team, and products.

Private Equity

Sumitomo Life to buy TPG’s 35% stake in SG insurer Singlife at $3.5b valuation

The Japanese company plans to increase its stake in Singlife to 100%.

Analysis

SE Asia Deal Review: At $382m, startup fundraising plunges to lowest this year in Nov

Deal volume was also the lowest so far this year.

People

People Digest: PropertyGuru appoints Ray Ferguson as board chairman; Manulife’s asset management arm lays off staff

Ferguson will be replacing Olivier Lim at PropertyGuru.

Deals

Japan’s Sumitomo Life raises stake in Singlife with $133m investment

Following the capital injection, Sumitomo Life owns 27% of Singlife.

Analysis

SE Asia Deal Review: Megadeals lift startup funding to $1.1b in Sept—up 126% from Aug

The top three deals accounted for over half of the total deal value.

Analysis

SG insurer Singlife turns a profit in 2022 but net premiums written decline

The company had recorded a net loss of S$116.9m in 2021.

Deals

Editor’s take: The week that was — Jan 23-28

This edition features updates on Zilingo, OLX Group, Sociolla, Love, Bonito, and more.

The LP View

LP View: Singlife investment arm looks to uncover opportunities in SE Asia, China

But it remains to be seen if PE offers the best risk-return profile in the current environment, says Allen Kuo, group deputy CIO.

Deals

SEA Digest: Telkom to build new data centre; Singlife and Aviva launches accelerator

Telkom Indonesia's hyperscale data centre will be built with an investment of $192.6m.