Scientific Beta

Singapore Business Review: "Singapore Exchange (SGX) is acquiring a 93% stake in independent index provider Scientific Beta for $280m (EUR186m) in cash, according to a news release. The proposed acquisition will be funded through external borrowings. Singapore Holding of the EDHEC Endowment Fund (SHEEF), which is owned by the endowment fund established by EDHEC Business School and its alumni, will continue to hold a 7% stake in Scientific Beta after the acquisition. SHEEF will also retain a seat on the board of and remain as a partner of SGX."

Singapore Business Review 23/01/2020

"(...) This will expand its Data, Connectivity and Indices business. Singapore Exchange (SGX) is acquiring a 93% stake in independent index provider Scientific Beta for $280m (EUR186m) in cash, according to a news release. The proposed acquisition will be funded through external borrowings. Singapore Holding of the EDHEC Endowment Fund (SHEEF), which is owned by the endowment fund established by EDHEC Business School and its alumni, will continue to hold a 7% stake in Scientific Beta after the acquisition. SHEEF will also retain a seat on the board of and remain as a partner of SGX. (...)"