Daily Briefing: Temasek seeks buyer for Generics firm Alvogen; Population density to push home prices higher

And KinderWorld eyes a $70m IPO in Singapore.

From Deal Street Asia:

Temasek, along with the buyout group of generics firm Alvogen, assigned Jefferies to find a buyer for the company's Central and Eastern European (CEE) operations. Alvogen creates drugs against cancer, heart, and lung diseases.

"Buyout group CVC and Singapore state fund Temasek, which bought a controlling stake in Alvogen in 2015 at a valuation of US$2b, have asked investment bank Jefferies to find a buyer for Alvogen’s CEE business, which may be valued at up to US$1b, they added.

CVC and Jefferies declined to comment, Temasek was not immediately available for comment. A sale of the operations would come amid a flurry of other generics company deals."

Read more here.

From iCompareLoan via Yahoo! Finance:

According to HDB chief executive Cheong Koon Hean, Singapore's population density would increase from 11,000 people per sq km to 13,700 people per sq km between now and 2030. Some experts have warned that rising population density will definitely lift home prices further.

"The letter writer, Cheang Peng Wah, pointing to Singapore’s land area which is 720 sq km, expressed his unease that Singapore’s population size could go up to 9,864,000, or nearly 10 million, by 2030. He said that this was not the figure projected in the Population White Paper of 2013. The White Paper had projected a population of 6.9 million by 2030.

Cheang asked the authorities to explain this new figure on population density, and 'assure Singaporeans that everything is being planned to prepare for such an eventuality.'"

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From Deal Street Asia:

According to unnamed sources, Southeast Asian school owner KinderWorld Education Group is considering an initial public offering (IPO) in Singapore that could raise $70m.

"The company is working with advisers on a planned IPO that could value it at about $300m, according to the people, who asked not to be identified because the process is private. KinderWorld is aiming to sell shares as soon as the second half of the year, the people said.

Southeast Asian school operators have been attracting interest from foreign investors including TPG and Swedish buyout firm EQT Partners AB, which are betting that rising incomes will translate into increased education spending.

A listing of KinderWorld would follow an IPO of MindChamps PreSchool Ltd. last year that raised $49m, data compiled by Bloomberg show."

Read more here.