Deals

JLL, Macquarie Lead SWFI Financial Advisory League Tables for H2 Y2014

The Sovereign Wealth Fund Institute (SWFI), through its proprietary database, tracks transactions by sovereign wealth funds, pensions and other public funds. In addition, fund commitments make up a minute proportion of the SWFI transaction database. For 2014, sovereign wealth fund and public fund transactions in real estate totaled US$ 44.5 billion versus US$ 30.1 billion [...]


Friday SWFI News Roundup, January 23, 2015

Korea’s NPS Selects Singapore for Third Overseas Office Korea’s National Pension Service (NPS) is opening its third overseas office. The NPS has overseas offices in New York and London. The third office overseas will be in Singapore and commence operations in 2015. Punj Lloyd Sells Global Health Stake to Temasek Holdings Indian engineering company Punj [...]


SAMA Acquires Shares in Korean Shipbuilder

The Saudi Arabian Monetary Agency (SAMA) has acquired a 7.26% stake in Hyundai Mipo Dockyard Co. Ltd, a South Korean tanker specialist, over a series of open market transactions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek Trims Holdings in China Construction Bank

Singapore’s Temasek Holdings has sold HK$ 354 million worth, 54.38 million H shares, of China Construction Bank (CCB) last Tuesday. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, January 16, 2015

Mumtalakat Holdings Signs $500 Million Loan Mahmood Hashim Al Kooheji, CEO of Bahrain’s Mumtalakat Holdings, was present at the signing of a US$ 500 million five-year loan. This occurred on January 14th, 2015. The loan has been structured as a 5-year revolving credit facility. The facility will be used to refinance existing debt. Some of [...]


Ireland

Goldman Sachs Wins Allied Irish Bank Restructuring Mandate

Ireland’s Ministry of Finance has hired Goldman Sachs Group to advise on a potential capital restructuring for Allied Irish Banks (AIB). AIB was bailed out and nationalized in 2010, receiving nearly €21 billion. It was one of the most expensive banking bailouts in world history. Anglo Irish Bank was more costly, requiring a €34 billion [...]


New York

MongoDB Raises Additional $80 Million, Sovereign Fund Leads Round

MongoDB was founded in 2007 as 10gen. The company was created by former DoubleClick founder and chief technology officer Dwight Merriman. Other founders are Kevin Ryan and Eliot Horowitz. In August 2013, 10gen changed its name to MongoDB, to reflect its flagship product. Some of MongoDB’s customers are Autodesk, ADP, Bosch, Expedia, Forbes, MetLife, Otto [...]


Mubadala Invests in Major South American Sports and Entertainment Business

Abu Dhabi-based Mubadala Development Co. has acquired a significant stake in Rio de Janeiro-based IMX. IMX is the biggest sports and entertainment company in Brazil. The company manages Rio de Janeiro’s Maracanã stadium which was the venue that held last year’s World Cup final. Mubadala acquired the stake in IMX from EBX Group. In 2012, [...]


roads

SAFE Investment Company Had Boosted Ownership in Aviva

In December, UK insurer Aviva PLC finalized a £5.6 billion (US$ 8.8 billion) deal to acquire insurer Friends Life Group Ltd. The deal is creating the largest insurance and asset management company in the UK. Justifying the move, Aviva executives see savings in integrating operations and reducing corporate costs across both firms. Some money managers [...]


Abu Dhabi Terminals Gets Financing from Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank (ADCB) has signed a financing agreement worth 300 million AED (US$ 81.7 million) with Abu Dhabi Terminals to help further develop the Khalifa Port Container Terminal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Mumtalakat Holdings Gets $500 Million Revolving Credit Facility

Bahrain’s Mumtalakat Holdings agreed to a US$ 500 million, 5-year revolving credit facility from a number of banks. The deal was signed before the new year. The banks involved in the credit facility are: Bank of Tokyo-Mitsubishi, BNP Paribas, Standard Chartered, Deutsche Bank, Arab Banking Corporation and National Bank of Bahrain. The money will be [...]


Top 10 Largest Sovereign Wealth Fund Direct Deals for 2014

According to SWFI’s proprietary Sovereign Wealth Fund Transaction Database, Asian and Gulf-based sovereign wealth funds are the biggest SWF spenders when it comes to private direct deals in 2014. Other notable public institutional investors who rank near the top, based on transaction value, include Caisse de dépôt et placement du Québec (CDPQ) and Canada Pension [...]


superannuation

Infratil and New Zealand Superannuation Fund Set to Buy RetireAustralia

New Zealand Superannuation Fund (NZSF) and Infratil Limited, through a 50:50 jointly-owned consortium, are acquiring a 100% interest in Brisbane-based RetireAustralia, the largest privately-held pure-play operator of retirement living in Australia. NZSF and Infratil will each own 50% of RetireAustralia. The deal is expected to close December 31, 2014. The transaction value is A$ 640.2 [...]


BC Partners and Investor Group Buy PetSmart

PetSmart, Inc., a pet retailer, has agreed to a deal to be acquired at US$ 83 per share in cash by a group of investors led by London-based private equity firm BC Partners, Inc. The transaction value is valued at approximately US$ 8.7 billion. Recently, BC Partners bought The Mergermarket Group, a global financial intelligence [...]


Thoma Bravo and OTPP to Acquire Riverbed Technology

San Francisco-based Riverbed Technology is being acquired by Thoma Bravo and Ontario Teachers’ Pension Plan (OTPP). The cash transaction is at US$ 21 per share, at a value of around US$ 3.6 billion. The price paid is an 11% premium over Riverbed’s December 12th closing price. Earlier in 2014, Paul Singer’s activist hedge fund firm [...]


seattle

Why Alaska’s Permanent Fund Should Buy Russell’s Investment Consulting Arm

When Russell Investments was on the selling block, the buyer universe was limited because potential acquirers did not want the whole enchilada. Many buyers wanted the crown jewel, the high-margin index business of Russell. Why? US$ 5.2 trillion worth of assets are benchmarked against Russell indices. When the London Stock Exchange Group (LSE) acquired Russell [...]


sovereign wealth fund center asia

ASIA RISING: December Asian IPOs Attract Sovereign Wealth Funds

China’s growing economy has surpassed the United States. A grouping of Asian initial public offerings (IPO) are set before the New Year. IPOs like Alibaba Group have boosted financial markets, uplifting the Asia-Pacific region to attract institutional investors such as hedge funds, sovereign wealth funds and insurance companies. [ Content protected for Sovereign Wealth Fund [...]


Singapore Sovereign Wealth Fund Invests in PE-Backed High-Speed Trading Firm

Singapore’s Temasek Holdings is investing in a stake in New York-based Virtu Financial LLC, a high-frequency trading firm. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


NO DEAL: Board of Songbird Estates Rejects QIA and Brookfield’s Latest Offer

The Songbird Estates’ board rejected the December 4th joint bid by the Qatar Investment Authority (QIA) and Brookfield Property Partners. Brookfield and QIA had made a final offer of 350 pence per share to takeover the entire share capital of the company. The offer was not high enough for Songbird’s board. The company’s board sets [...]


sovereign wealth deal

Malaysia’s KWAP Has Exposure to 1Malaysia Development Berhad

Malaysia’s Kumpulan Wang Amanah Pencen (KWAP) which manages government pension money has some exposure to 1Malaysia Development Berhad (1MDB). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]