TEMASEK-LINKED FIRM INJECTS $15M INTO HSL
Summary
TEMASEK-linked Dymon Asia Private Equity (DAPE) has made its second investment in a home grown firm, as it seeks to build a stable of leading small and medium-sized enterprises (SMEs) from various sectors. DAPE has pumped $15 million into Singapore-based company HSL Constructor, a marine civil engineering and construction firm. In January, DAPE made its first investment, injecting $15 million into local interior furnishings company Goodrich GlobalHeliconia Capital Management, wholly owned by Temasek Holdings, provided $100 million in seed capital to the fund.Dymon Asia founding partner Keith Tan said he has known the managers of HSL since 2003, but it took the fund close to one year to court them. We are attracted to HSL because it has a strong track record, vivid vision, plausible growth plans and staunch social strategy, he said. If we can marry our engineering capabilities with their financial skills, we can really create a lot of opportunities.Source: The Business Times \xa9 Singapore Press Holdings Ltd.