Approved · Notification · Phase 1 · filed 24 July 2026
Petalite Investment Pte. Ltd., an affiliate of GIC Pte. Ltd., proposes to acquire approximately 32% of the equity interests in Cinven Discovery Holdings Limited Partnership. This transaction involves the Envu Group, which supplies weed, disease and pest control products for non-agricultural applications in Australia.
Petalite Investment Pte. Ltd. ( Petalite ) proposes to acquire approximately 32% of the equity interests in Cinven Discovery Holdings Limited Partnership and its subsidiaries ( CD Holdings ) (the Acquisition ). The acquirer, Petalite, is an investment holding company and an affiliate of GIC Pte. Ltd. ( GIC ). GIC is a private limited company established in 1981 under the Singapore Companies Act to manage Singapore’s foreign reserves. The target, CD Holdings, is majority indirectly owned by CD Aggregator Limited Partnership ( CD Aggregator ), which is ultimately controlled by Cinven Limited. CD Aggregator and Cinven Limited are part of Cinven, a private equity firm. Cinven and management indirectly hold 100% of the Envu Group ( Envu ). In Australia, Envu is active in the development and supply of weed, disease and pest control products for non-agricultural applications, including turf and ornamentals, professional pest management, industrial vegetation management, forestry, mosquito management, and rangelands and pasture management.