Deals
Temasek Unit Buys Stake in Company That Makes Chairs for Gamers
- Heliconia’s deal values firm at S$200 million to S$300 million
- Secretlab started in 2014, has sold more than 200,000 chairs
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A unit of state investment company Temasek Holdings Pte has invested in Secretlab, a Singapore-based maker of chairs for players of electronic games, to help drive growth.
Heliconia Capital Management Pte.’s purchase of a minority stake values the five-year-old company at between S$200 million ($144 million) and S$300 million ($216 million), according to a person with knowledge of the matter.