Deals
sovereign wealth fund center asia

CVC Partners Looks to Bring HKBN Public

HKBN Ltd., the second biggest broadband service provider based in Hong Kong, plans to go forward with its initial public offering – set for March 4th. The company hopes to raise HK$ 5.8 billion (US$ 750 million) from the sale. The banks leading the deal are JP Morgan, UBS and Goldman Sachs.[ Content protected for [...]


Friday SWFI News Roundup, February 13, 2015

Temasek Holdings Invests in E-Commerce Platform Jet Founded by Marc Lore, Jet raised US$ 140 million in new funding. Lore was the founder of Diapers.com which sold to Amazon for US$ 545 million. Bain Capital Ventures was the lead investor in the round. Other investors were: General Catalyst Partners, Goldman Sachs, New Enterprise Associates, Norwest [...]


Why Qatar Airways Owns a Piece of British Airways

Doha-based Qatar Airways, the state-owned carrier founded in 1993, bought a £1.2 billion (US$ 1.7 billion) 9.99% stake in British Airways-parent International Consolidated Airlines Group, S.A. This is the first time a Gulf carrier purchased a significant stake in a major European commercial airline group. A full takeover is not possible because European Union regulations [...]


Brisbane

GE Sheds Assets, Sovereign Funds Look to Pick Up

Since the global financial crisis, General Electric Co. (GE), a U.S. conglomerate, has been carefully shrinking its financial services arm GE Capital. GE’s CEO Jeffrey Immelt has refocused the company on higher margin businesses, while selling off lower margin assets like NBCUniversal to Comcast. In June 2014, Spain’s Banco Santander SA agreed to acquire GE [...]


Friday SWFI News Roundup, February 6, 2015

SMELL TEST: Bankers Show Investa to Sovereign Wealth Funds Sovereign wealth funds and large institutional investors are gauging interest in Investa Property Group, Australia’s largest listed owner of real estate. Morgan Stanley and UBS have held a series of meetings with prospective institutional investors in Singapore. Interested parties so far are LaSalle Investment Management which [...]


seattle

OFFICIAL: Russell Investments is For Sale

BREAKING NEWS The London Stock Exchange Group (LSE) is officially seeking to sell the investment management business of Russell Investments. LSE is launching a sales process after a six month comprehensive review. LSE has received a number of expressions of interest (EOI) from a number of suitors. LSE will only sell the entire investment management [...]


Sovereign Wealth Fund Amasses Stake in TV Ratings Company Nielsen

GIC Private Limited, one of Singapore’s sovereign wealth funds, has acquired 5% ownership in Nielsen NV, an information and television ratings company. By analyzing Securities and Exchange Commission (SEC) filings and recent Nielsen share prices, the open market transaction total looks to exceed US$ 800 million. According to SWFI’s proprietary Sovereign Wealth Fund Transaction Database, [...]


SS&C Buys Advent Software

Windsor-based SS&C Technologies Holdings is buying San Francisco-based Advent Software, Inc. for about US$ 2.3 billion in cash. The total transaction value is US$ 2.7 billion with debt included. Due to the global financial crisis, more financial data providers are merging to save money on costs. SS&C is paying US$ 44.25 per share, a 7% [...]


CPPIB Allocates A$525 Million to Australian Infrastructure Tunnel Project

Canada Pension Plan Investment Board (CPPIB) announced it is investing A$ 525 million in NorthConnex motorway with a consortium that is made up of CPPIB, Transurban Group and Queensland Investment Corporation (QIC). The investor group will develop and manage a new tolled tunnel motorway located northwest of Sydney. The tunnel motorway will connect Sydney’s northern [...]


superannuation

BUYERS WANTED: Australia’s Busiest Container and Cargo Port

The lease on the Port of Melbourne is for sale. The asset could fetch A$ 5 billion. The Port of Melbourne, covers an area at the mouth of the Yarra River, is Australia’s busiest container and cargo port. The port handles around 2.5 million containers per annum, approximately 36% of Australia’s container trade. Since July [...]


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. ]