TIH unveils S$133m deals as transformation makes headway

Singapore

IT's been a good 11 months since mainboard-listed private equity firm TIH Limited made the sensible move to regroup its asset management business by ending a nearly 20-year pact with a third-party manager and absorbing all 13 employees to form its own unit TIH Investment Management.

A tad long perhaps, but it made up for the dearth of concrete news since by announcing two deals collectively worth some S$133 million on Monday - a big step for the firm which has long trumpeted its plan to expand beyond its waning private equity and venture capital business.