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Sovereign Wealth Funds Briefing - Categorized | Investment

ChrysCapital-GIC team emerges as front-runner in race to buy Destimoney from New Silk Route

Posted on 16 June 2014

A consortium of private equity fund ChrysCapital and Singapore government’s sovereign wealth fund GIC has emerged as the front-runner to purchase growth capital fund New Silk Route’s (NSR) 100% stake in retail financial services and distribution company Destimoney.
“ChrysCapital has teamed up with GIC to bid for the financial services company. They seem to have gained a clear edge over rival bidders,” said a person directly involved with the transaction………………………………………..Full Article: Source


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