Deals

Qatar Royal Family Plans to Participate in Deutsche Bank Capital Raise

Deutsche Bank AG plans to raise €8 billion (US$ 8.6 billion) from an equity capital increase, according to its website. The German mega lender plans to strengthen its balance sheet by issuing 687.5 million new shares at €11.65 per share. This would be a 35% discount compared to the close on March 17, 2017. The […]


SWFI First Read, March 20, 2017

Bakheet Al Katheeri Promoted to Chief Executive for Mubadala Petroleum Bakheet Al Katheeri was named the new Chief Executive for Mubadala Petroleum. This move is part of the massive reorganization of the merger between International Petroleum Investment Company (IPIC) and Mubadala Development Co. Al Katheeri was the Chief Growth Officer of Mubadala Petroleum. Before Mubadala […]


OIF Nears Syndication Deal for Omantel Acquisition

The Oman Investment Fund (OIF) is in the midst of finalizing its complete syndication of a 5-year, US$ 600 million loan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Would ADIC and Ontario Teachers Approve of a Neiman Marcus Takeover?

North American luxury department stores are struggling for a variety of reasons including the hegemonic demise over high-end products thanks to e-commerce businesses and consumer spending habits. Neiman Marcus Group LLC, the luxury retailer store business, is up for sale, according to various media reports including The Wall Street Journal. Neiman Marcus is owned by […]


CDPQ Invests in Datamars

Caisse de dépôt et placement du Québec (CDPQ) made a major investment in Switzerland-based Datamars SA, a company founded in 1988 that focuses on the identification of animals and textiles using technology such as called radio-frequency identification (RFID) microchips. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. […]


GIC Invests in Another Indian Mortgage Lender

Caladium Investment Pvt. Ltd, a sovereign wealth enterprise (SWE) of Singapore’s GIC Private Limited, has acquired a 13.45% ownership stake in Can Fin Homes Ltd from Canara Bank for Rs 753.77 crore (US$ 113 million). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, March 9, 2017

RDIF and LR Group See Potential Investments in Building Dairy Processing in Russia The Russian Direct Investment Fund (RDIF) and LR Group Ltd., an Israeli agro-integrator, agreed to co-invest in dairy farming and milk processing in Russia. In total, US$ 100 million is being planned to be invested in a variety of potential regional projects. […]


Wealth Funds Help Anchor DMart

DMart is a chain of supermarkets and hypermarkets across India that was founded by Radhakishan Damani. This chain lies under the Avenue Supermarts Ltd family, which also owns D Mart Minimax, D Mart Premia, D Homes, Dutch Harbour and others. This company has attracted sovereign funds, asset managers, private equity and family offices as anchor […]


Qatar Airways Plans to Open Indian Airlines with SWF Help

Qatar and India have built stronger economic ties over the past decade, despite trade going back centuries. The liberalization of some ownership regulations and encouragement of foreign investment has lured increased wealth fund, pension and private equity capital into India. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


REPORTS: SoftBank Could Move 25% of ARM Stake to Vision Fund

Several financial news outlets are reporting that Japan’s SoftBank Group could be moving an approximate 25% stake in ARM Holdings Plc to the SoftBank Vision Fund, a fund targeting US$ 100 billion in assets. ARM Holdings is a British chip designer and was acquired by SoftBank in mid-2016 for £24.3 billion. [ Content protected for […]


Once Again GIC Partners with Hellman & Friedman, Investing in Allfunds

Correction, March 8, 2017: This article was amended to avoid confusion on deal specifics regarding the order of transactions. European banks are selling off their asset management jewels to rival companies and private equity firms to shore up cash and feed investor demand. Once again, Singapore’s GIC Private Limited and private equity shop Hellman & […]


Mubadala Trims Stake in Advanced Micro Devices

Mubadala Development Company unloaded roughly a third of its stake in Advanced Micro Devices (AMD), selling 45 million shares for US$ 613.4 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


GIC Invests in Chinese Electronics Manufacturer by Betting on Intelligent Driving

Shanghai-based Advanced Leading Technology Co Ltd. (ALT) received capital from a Singaporean sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Wealth Fund Capital Backs Helicopters and Airports in Russia

An investor group comprised of the Russian Direct Investment Fund (RDIF), Russia’s Basic Element and Singapore’s Changi Airports International (CAI) has completed the acquisition of shares in Vladivostok International Airport in Russia’s Far East from Sheremetyevo International Airport. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Wealth Capital Invests in PhosAgro

The Russian Direct Investment Fund (RDIF) helped organize a group of investors to participate in the secondary offering of PJSC PhosAgro, a vertically-integrated producer of mineral fertilizers. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 17, 2017

HNA Group Buys Small Stake in Deutsche Bank China’s HNA Group, a well-known massive conglomerate, purchase a 3.04% stake in Deutsche Bank. The transaction is estimated at £750 million. HNA Group indicated they could increase buying shares in the German bank. GIC Sold Some Shares in CGN Power Co., Ltd Singapore’s GIC Private Limited lowered […]


Follow the Money – Episode 32

This episode was recorded on February 15, 2017. Rachel and I break into chatting about the SoftBank/Fortress Investment Group transaction. Rachel reports on VietJet, while I discuss direct wealth fund deals into mainland China. We dive into emerging market deals in countries such as Brazil and India. I talk about direct deals and the headaches […]


SWFI First Read, February 16, 2017

ADIA and CDPQ Eye Autostrade Investment Autostrade per L’Italia SpA, an Italian toll road operator, has attracted the interest of big asset owners such as the Abu Dhabi Investment Authority (ADIA), Caisse de dépôt et placement du Québec (CDPQ) and Allianz SE. The seller of the 15% stake in Autostrade is Atlantia. Mubadala Investment Company […]


Is Singapore’s GIC Slowly Backing Away from Sinotrans?

Beijing-based Sinotrans Limited is one of the largest logistics firms in China, founded in 2002. The majority shareholder of Sinotrans Limited, which is listed on the Hong Kong Stock Exchange, is Sinotrans & CSC Holdings Co., Ltd (controlling 53.44% as of December 31, 2015). Sinotrans & CSC Holdings Co., Ltd., China’s second biggest shipping company […]


Can Mubadala Rejuvenate Brazil’s Invepar?

Brazil, Latin America’s biggest economy, is facing its toughest recession in decades amid a earth-shattering political crisis that linked government officials with state-owned companies. Making matters worse for the Brazilian economy is that borrowing costs had surged, while deal execution risk has increased. In February, state-controlled oil giant Petróleo Brasileiro SA (Petrobras) had its sale […]