The waste and recycling management arm of Singapore’s energy group Sembcorp is attracting the attention of several investment firms with US private equity group KKR & Co Inc and Australia’s Macquarie Asset Management said to be among the potential bidders for the business, according to a report by Reuters.
The waste and recycling management arm of Singapore’s energy group Sembcorp is attracting the attention of several investment firms with US private equity group KKR & Co Inc and Australia’s Macquarie Asset Management said to be among the potential bidders for the business, according to a report by Reuters.
The report cites two unnamed sources with knowledge of the matter as confirming that any deal could value Sembwaste at around $600 million.
HSBC has reportedly been appointed by Sembcorp, which is 49.3% owned by Singapore’s state investor Temasek Holdings, to handle the sale.
A first-round of non-binding bids are due by early June, according to one of the sources with global infrastructure investment firm I Squared Capital also said to be interested.
