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The recent IMED purchase is totally outside of Jardine's typical playbook, whether in terms of geography or technology-wise. Lincoln Pan has said that 2026 is going to be very busy, so plenty more to come.
SGX-listed Jardine eyes more Asia deals after US$10 billion spree to revamp empire
CEO Lincoln Pan, who was co-head of private equity at PAG before joining Jardine in December, is hiring an investment team to oversee the conglomerateâs portfolio revamp, according to the sources. At Jardine, chairman Ben Keswick has led an overhaul that has included a sweeping restructure designed to simplify holdings and announced last year his desire to reposition the company to focus on investing rather than directly operating businesses.
Core to its ambitions are plans to expand in developed markets in the Asia-Pacific region, including Australia and Japan, in a bid to capture new growth opportunities and reduce exposure to geopolitical risks from South-east Asia, which accounts for about 63 per cent of its underlying profit, according to some of the sources. Jardine will look at opportunities in sectors beyond its existing portfolio, which focuses on heavy industries, real estate, retail and financial services, they said.
In a potential sign of whatâs to come, the company this week announced its expansion into Australiaâs medical industry with a US$2.4 billion acquisition of diagnostic imaging provider I-MED Radiology Network.
Meanwhile, Jardine and its subsidiaries have been shedding capital-intensive assets across sectors, including property and infrastructure, to free up cash for faster-growing industries and markets. That includes putting at least US$1.8 billion worth of Hong Kong property up for sale over the past year, data compiled by Bloomberg show.
In other sectors, Jardineâs restaurant unit has been seeking to sell its KFC and Pizza Hut chains in Asian markets, including Hong Kong and Taiwan, attracting bidders including Carlyle Group and Yum China Holdings, Reuters reported in May.
The company is also exploring a sale of its car dealership in Malaysia and Singapore, Bloomberg News has reported.
Beyond asset sales, Jardine is also streamlining its headcount in line with plans it previously announced. The group and its DFI Retail Group Holdings unit have conducted several rounds of layoffs of back office staff, according to sources familiar. BLOOMBERG
https://www.businesstimes.com.sg/compani...amp-empire
SGX-listed Jardine eyes more Asia deals after US$10 billion spree to revamp empire
CEO Lincoln Pan, who was co-head of private equity at PAG before joining Jardine in December, is hiring an investment team to oversee the conglomerateâs portfolio revamp, according to the sources. At Jardine, chairman Ben Keswick has led an overhaul that has included a sweeping restructure designed to simplify holdings and announced last year his desire to reposition the company to focus on investing rather than directly operating businesses.
Core to its ambitions are plans to expand in developed markets in the Asia-Pacific region, including Australia and Japan, in a bid to capture new growth opportunities and reduce exposure to geopolitical risks from South-east Asia, which accounts for about 63 per cent of its underlying profit, according to some of the sources. Jardine will look at opportunities in sectors beyond its existing portfolio, which focuses on heavy industries, real estate, retail and financial services, they said.
In a potential sign of whatâs to come, the company this week announced its expansion into Australiaâs medical industry with a US$2.4 billion acquisition of diagnostic imaging provider I-MED Radiology Network.
Meanwhile, Jardine and its subsidiaries have been shedding capital-intensive assets across sectors, including property and infrastructure, to free up cash for faster-growing industries and markets. That includes putting at least US$1.8 billion worth of Hong Kong property up for sale over the past year, data compiled by Bloomberg show.
In other sectors, Jardineâs restaurant unit has been seeking to sell its KFC and Pizza Hut chains in Asian markets, including Hong Kong and Taiwan, attracting bidders including Carlyle Group and Yum China Holdings, Reuters reported in May.
The company is also exploring a sale of its car dealership in Malaysia and Singapore, Bloomberg News has reported.
Beyond asset sales, Jardine is also streamlining its headcount in line with plans it previously announced. The group and its DFI Retail Group Holdings unit have conducted several rounds of layoffs of back office staff, according to sources familiar. BLOOMBERG
https://www.businesstimes.com.sg/compani...amp-empire
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