Temasek Holdings, Singapore's sovereign investment fund, and one of Asia's oldest marquee private equity investor Baring Asia are among those shortlisted by French cement multinational Lafarge as potential buyers for a minority stake in its Indian arm Lafarge India.
Temasek and Barings Asia are among the select bulge-bracket names that have made the first cut, said two informed sources. Advent International a US buyout and growth capital focused fund is believed to be in the race along with Standard Chartered Private Equity. Full story
