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Temasek Holdings Mulls Markit Group Stake

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Singapore’s Temasek Holdings is positioned to purchase a stake worth around US$ 500 million in Markit Group Limited. Temasek’s potential stake would reduce the banks’ stake. Founded in 2001 by Lance Uggla and a group of executives, Markit is a data provider based in the United Kingdom. Among other products and services like trade processing, the private company provides data on prices and valuations of privately-traded credit derivatives.

In 2005, Markit opened an office in Singapore.

In July 2012, they spearheaded a bond pricing service for the Singapore dollar bond market. This was in response to the Monetary Authority of Singapore’s desire to expand and deepen Singapore’s debt capital market.

Markit is contemplating capital raising options like a potential initial public offering. In January 2010, General Atlantic Partners parked US$ 250 million for a 7.5% stake, valuing the company at the time to be US$ 3 billion. The capital has allowed Markit to acquire companies, expand products and reach new markets.

Antares Bain Capital Complete Financing Solution Backs symplr Deal

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On December 10, 2018, Antares Bain Capital Complete Financing Solution provided a senior secured unitranche credit facility for Clearlake Capital Group, L.P. to acquire symplr, a healthcare governance, risk, and compliance software-as-a-service platform from Pamlico Capital and The CapStreet Group. Golub Capital provided financing for the transaction as well.

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PSP Investments Exits Antelliq

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On December 14th, Private equity firm BC Partners, Public Sector Pension Investment Board (PSP Investments), and other minority co-investors have signed a definitive agreement with Merck, known as MSD outside the United States and Canada, to sell Antelliq Corporation, a Vitré, France-based provider of digital animal identification, traceability, and monitoring solutions. Upon close, Antelliq will be a wholly owned and separately operated subsidiary within the Merck Animal Health Division. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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JPMorgan Edges Out Hamilton Lane on Florida SBA In-State Mandate

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The Florida State Board of Administration (SBA) manages a plethora of Florida state funds, including the state’s defined benefit plans. Florida’s SBA awarded a private equity portfolio mandate which targets high-technology businesses in Florida to J.P. Morgan Asset Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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