SWFI First Read, November 3, 2015

Mubadala and Temasek Postpone Dunia Finance Sales

Abu Dhabi-based Mubadala Development Co. and Singapore’s Temasek Holdings planned sale of Dunia Finance LLC has stalled. A number of interested parties have withdrawn from bidding and the sellers did not get the right price that they wanted. Morgan Stanley was hired by the sellers to run the sales process. Temasek and Mubadala were hoping to get 4x to 5x book value, valuing Dunia Finance at around US$ 1 billion. The shareholders of Dunia could opt for an initial public offering.

AXA Investment Managers Acquires Office in Holstenstraße

AXA Investment Managers Real Assets, through AXA Investment Managers Deutschland GmbH, announces that it has completed, on behalf of its clients, the acquisition of a prime mixed-use building in Kiel, Germany, from developer Centrum. The six-storey building is located on Holstenstraße, the main high street of Kiel.

Former OTPP CIO Joins Northwater Capital Management

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