The sovereign wealth fund is being advised by Michael Diekmann, former CEO of insurer Allianz, and Franz Fehrenbach, supervisory board chairman at Bosch.
“We want to increasingly turn to Germany,” Tan Chong Lee, head of Temasek Europe, told Welt am Sonntag. “We have already looked at companies in Berlin and Munich.”
Lee said Temasek’s focus was on industrials but also companies in the consumer, technology, agricultural, pharma, biotech and services sectors, either listed or unlisted.
“We are also open to taking over companies completely jointly with a private equity group,” he said, noting Temasek was not planning to take an overly proactive role, instead aiming for minority stakes and leaving business to management.
“We don’t want to restructure the companies or exchange management,” he said.