SWFI First Read, June 16, 2017

ADIA Expresses Interest in Cube Highways and Infrastructure

The Abu Dhabi Investment Authority (ADIA) has expressed some interest in possibly investing US$ 200 million in Cube Highways and Infrastructure Pte Ltd, an Indian toll roads platform. Cube Highways and Infrastructure was formed by the International Finance Corporation (IFC) and I Squared Capital. Cube Highways and Infrastructure owns, manages and operates four toll road projects in India, including toll roads through: Jaipur-Mahua Tollway Private Ltd, Mahua Bharatpur Expressways Ltd, Western UP Tollway Ltd and Andhra Pradesh Expressways Ltd.

Temasek Fund Participates in HRnetGroup IPO

SeaTown Master Fund, a fund managed by SeaTown Holdings (owned by Temasek Holdings), is investing in 3,000,000 shares in the initial public offering (IPO) of HRnetGroup Limied, Singapore’s largest recruitment firm. HRnetGroup is going public on the Singapore Exchange. The offering price is 0.90 SGD per share.

Deutsche Bank AG, Singapore Branch is the sole issue manager to the offering.

The financial advisors for the IPO are Credit Suisse (Singapore) Limited, Deutsche Bank AG – Singapore Branch, DBS Bank Ltd. and Nomura Singapore Limited.

ADIA Anchors Eris Lifesciences

The Abu Dhabi Investment Authority (ADIA) was an anchor investor in Eris Lifesciences Ltd. ADIA bought about 1.17 million shares at Rs 603 per share. Axis Capital, Citibank and Credit Suisse are the financial advisers for the IPO.

QIA Eyes London’s Grosvenor House Hotel

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