Friday SWFI News Roundup, June 26, 2015

Caisse des Dépôts et Consignations Invests in Kingdom Holdings

Saudi Arabia has been making moves to open up its listed equity market to foreign investors. French public institutional investor Caisse des Dépôts et Consignations, AXA and Orange SA invested US$ 150 million in Kingdom Holding Company (KHC). Furthermore, Caisse des Dépôts et Consignations and Kingdom Holding partnered to form a US$ 400 million fund to invest in small and medium-sized Saudi Arabian companies.

Singapore’s GIC Boosts Investment in Greek Retailer

Singapore’s GIC Private Limited boosted its investment in Greek duty free retailer Folli Follie Commercial Manufacturing and Technical Group from 4.86% to 5.07%, according to filings, after a transaction on June 22nd.

Neuberger Berman to Buy Management of Private Equity Fund Of Funds from Merrill Lynch

Neuberger Berman is buying the management rights to certain Merrill Lynch traditional non-registered and 40-Act-registered private equity fund of funds from Merrill Lynch Alternative Investments LLC, the alternative investment business of Bank of America. Merrill Lynch chose Neuberger Berman after a due diligence process focused on private equity investment expertise, 40-Act capabilities and client service capabilities. Key private equity professionals from Merrill Lynch will be joining Neuberger Berman concurrent with the deal. The transaction is expected to close in August 2015.

CDPQ and Goldman Sachs Acquired Background Screening Company

Caisse de dépôt et placement du Québec (CDPQ) and the merchant banking arm of Goldman Sachs have acquired a majority interest in SterlingBackcheck from San Francisco-based Calera Capital on June 8th. Calera Capital, a private equity firm, is exiting its investment in the background screening company. Goldman Sachs and Nomura Securities International were financial advisers on the deal. Fried, Frank, Harris, Shriver & Jacobson acted as legal counsel for Goldman Sachs. Gibson, Dunn & Crutcher acted as legal counsel for SterlingBackcheck.

LoanCore Realty Trust Gets Closer to IPO

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