Investment Highlights

GIC SI is invested in many top global, regional, country focus, sector focus and special situation funds. Our fund investments include the Texas Pacific Group, The Carlyle Group, Hellman & Friedman, The Blackstone Group, Bain Capital, KKR, Providence, Silver Lake, BC Partners, Permira, CVC, Sequoia Capital, Sigma Partners, Affinity Equity Partners and Avenue Asia.

We have also supported a number of emerging fund management teams. One example is Ironbridge Capital, a private equity fund manager focused on medium sized buyouts and expansion capital opportunities in Australia and New Zealand. GIC SI became a cornerstone investor in its first fund, which closed in September 2004 with a fund size of AUD 450 million. In November 2006, Ironbridge Capital closed a second fund at AUD 1.05 billion.

We have invested directly and co-invested with our fund managers in more than 200 companies globally, including some of the largest deals in buyout history. Some examples are HCA Inc., Freescale Semiconductor, Sungard Data Systems, Universal Studio Theme Parks, Warner Music Group, Celanese, Debenhams, Nycomed, Placeware, Spinnaker Networks, Arbortext, Affinity Health and Shinsei Bank. Some investment highlights are:

Li Ning
Li Ning is the largest Chinese sports apparel and footwear company and ranks among the top three in terms of sales in China. GIC SI led a private equity round for Li Ning in January 2002.

China International Capital Corporation (CICC)
We are a founding investor in CICC, China’s first joint-venture investment bank. CICC has established itself as the leading Chinese investment bank and over the years, has been involved in various landmark deals such as the flotation of China Telecom, PetroChina, China Life Insurance, China Construction Bank and Industrial and Commercial Bank of China.

Infrastructure Development Finance Company (IDFC)
In 1998, GIC SI joined other foreign investors to invest in IDFC, a wholesale bank set up by the Government of India to provide infrastructure financing. By 2006, net loans of IDFC had exceeded INR 100 billion. The bank also set up the first private equity fund for infrastructure in India in 2004, and closed a second fund in 2006. IDFC was listed in 2005. By August 2006, it has reached a market capitalization of about USD 1.5 billion.

British Airports Authority plc (BAA)
BAA is the world’s largest airport operator, with a portfolio of seven airports in the UK, including Heathrow, Gatwick and Stansted Airports. In May 2006, a consortium, led by Ferrovial and comprising GIC SI and Caisse de depot et placement du Quebec, successfully acquired the UK-listed BAA in a take private transaction.

Associated British Ports Holdings plc (ABP)
ABP is the largest port operator and owner in the UK. GIC SI, together with other consortium members including Goldman Sachs, Borealis and Infracapital, successfully acquired the UK-listed ABP in a take private transaction in August 2006.

“GIC SI has been one of our most important and valuable relationships for more than ten years. It is a strong, stable organisation with intelligent professionals. We view GIC SI as a true partner to us – we share investment ideas and opportunities and have worked on many initiatives together.”
- F. Warren Hellman Chairman, Hellman & Friedman LLC

"GIC SI has been a leading investor in funds advised by BC Partners since 1994. Over the years, we have worked closely as partners not only in the funds but also on direct investments in portfolio companies. BC Partners values its relationship with GIC SI and the global resources GIC SI can contribute as a partner. We enjoy working with the GIC SI professionals.”
- Otto W. van der Wyck Former Chairman of BC Partners