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Announced

Completed

65 Equity Partners completed a $106m investment in Cityneon.

Financials

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Transaction Value£93m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Minority

Completed

Friendly

Single Bidder

Private Equity

Recreational Services

entertainment content

creative agency

Singapore

Domestic

Synopsis

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65 Equity Partners, an independently managed investment firm wholly-owned by Temasek Holdings, completed a $106m investment in Cityneon, a Singapore-based immersive entertainment firm. "We are excited to partner Cityneon's management team in its next phase of growth. Cityneon has a unique franchise, which provides IP-based immersive entertainment where it has built a leading position globally supported by a portfolio of high quality IPs. This investment aligns strategically with our mandate of supporting high growth, leading businesses led by founders and entrepreneurs, to help them scale and fulfil their growth aspirations, as well as facilitating their eventual public listing," Tan Chong Lee, 65 Equity Partners CEO.

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