Deals

SWFI First Read, February 7, 2016

Mongolia’s Parliament Passes Law on SWF Mongolia’s State Great Hural, the country’s unicameral parliament, passed a law on sovereign wealth funds. Slyngstad Raises Concerns About Volkswagen’s Ownership Structure In an interview published Febraruy 6, 2016 with Frankfurter Allgemeine Sonntagszeitung, Yngve Slyngstad, CEO of Norges Bank Investment Management stated, ” I don’t think the family wants [...]


LEAGUE TABLES: Morgan Stanley and JPMorgan Tie for First for 2015

The Sovereign Wealth Fund Institute (SWFI), through its proprietary database, tracks transactions by sovereign wealth funds, pensions and other public funds. Combining all public investors, for calendar year 2015, transactions amounted to US$ 212.18 billion versus US$ 186.56 billion in 2014. On record, 2013 had the most direct transactions for public investors at US$ 220.69 [...]


Oman SWF Inks MoU with Iranian Automobile Manufacturer

The countries of Oman and Iran are expanding economic ties one step at a time, restoring a historical relationship. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


australia infrastructure

SWFI First Read, January 27, 2016

NZ Super Fund Returns 6.5% Over 2015 The New Zealand Superannuation Fund (NZSF) returned 6.5% over 2015. NZSF surpassed its passive Reference Portfolio benchmark, equivalent to a market return, by 2.8% or NZ$ 766 million during the 2015 calendar year. The sovereign wealth investor also more than doubled the return on New Zealand Treasury Bills, [...]


Aabar Investments Aims for $2.5 Billion for Loan Refinancing

Abu Dhabi-based Aabar Investments PJS, a subsidiary of International Petroleum Investment Company (IPIC), seeks to borrow US$ 2.5 billion from banks to refinance a 2013 loan coming due in April 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


London

SHOPPING: Temasek Forms European Advisory Panel

Singapore’s Temasek Holdings formed the Temasek European Advisory Panel (TEAP); a new regional panel bringing together eminent business leaders and experts to share insights and perspectives on major political, economic, social and industry trends, with a focus on Europe. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. [...]


BofA Appoints New IB Co-Head for APAC

Bank of America Corporation appointed a new co-head for investment banking in the Asia-Pacific (APAC) region. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Khazanah Hits the Road to Raise Capital for Sukuk

Malaysia’s Khazanah Nasional is looking to raise some capital. The wealth fund plans to have its roadshow take place in Dubai on January 17, 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Eastdil Secured Tops SWFI Financial Advisory League Table for H2 2015

The Sovereign Wealth Fund Institute (SWFI), through its proprietary database, tracks transactions by sovereign wealth funds, pensions and other public funds. For the second half of 2015, Eastdil Secured participated in the most public investor transaction deals. Coming in second was JP Morgan. Tied for third was Morgan Stanley and Citigroup. View SWFI League Tables [...]


DEALS: Sovereign Wealth Funds Spent Less in 2015

Source: Sovereign Wealth Fund Transaction Database | Extracted January 9, 2016. Sovereign wealth funds in 2015 spent slightly less on direct transactions compared to 2014, according to proprietary data from SWFI’s Sovereign Wealth Fund Transaction Database. The total direct transaction amount in 2015 by sovereign funds is US$ 114 billion compared to US$ 122 billion [...]


SWFI First Read, December 29, 2015

China Railway Construction Corporation Lands Key Contracts in Senegal and Mali China Railway Construction Corporation Ltd. recently inked a railway contract worth US$ 1.26 billion to the Senegal government. The company then signed an agreement with Mali to refurbish a rail line connecting Bamako to the Senegal border for US$ 1.486 billion. The deal in [...]


top 10 gamechangers

Largest 10 Direct Sovereign Wealth Fund Deals of 2015

Large real estate developments like Manhattan West and vast portfolios of industrial properties dominate as some of the biggest sovereign wealth fund transactions in 2015. Despite lingering low oil prices, sovereign wealth funds’ interest in direct deals shows very little signs of abating. Wealth funds backing these monstrous deals are the China Investment Corporation (CIC), [...]


QNB Buys Turkish Finansbank

The National Bank of Greece S.A. has sold Istanbul-based Finansbank, the fifth biggest privately-owned bank by assets, deposits and loans in Turkey, to Doha-based Qatar National Bank S.A.Q. (QNB) for approximately ‎€2.75 billion for a 99.81% stake. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Temasek to Buy Controlling Stake in CARE Hospitals

Singapore’s Temasek Holdings is planning to acquire a 72% interest in Hyderabad-based CARE Hospitals from private equity firm Advent International for 18 billion rupees (US$ 269 million). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Standard Chartered Completes $5.1 Billion Raise

Standard Chartered Plc announced its rights offering in November. On December 11th, Standard Chartered raised US$ 5.1 billion in a rights offering to provide financial power for the emerging markets-focused bank. The new shares will start trading in Hong Kong on December 16th. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please [...]


MatrixCare Acquires AOD Software

On December 10th, Bloomington-based MatrixCare, Inc., a provider of electronic healthcare records for long-term care and senior living providers, agreed to acquire Fort Lauderdale-based AOD Software, a healthcare software company focused on the elderly, from private equity firm Primus Capital. Primus Capital is based out of Cleveland, Ohio and finished a growth investment in AOD [...]


Institutional Giants Lineup for Postal Savings Bank

Postal Savings Bank of China Co., one of the largest retail banks in China, has attracted foreign institutional investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


France’s CDC Capital Invests in Kingdom Holding

The Kingdom of Saudi Arabia is slowly opening its gates to foreign institutional investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Irish Miner Kenmare Looks to Get Oman SWF Backing

Dublin-based Kenmare Resources plc raised US$ 100 million from Oman’s State General Reserve Fund (SGRF) pending conditions. Kenmare Resources, an Irish titanium and zircon miner, is looking to restructure its balance sheet and look for cost reductions. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, December 4, 2015

Central Bank of Egypt Said it Repaid Foreign Investors US$ 546 Million The Central Bank of Egypt said earlier this week it had repaid foreign investors in stocks and securities totaling US$ 546 million. The central bank cleared a logjam that had accrued due to a U.S. dollar shortage. Carlyle Group Sells RAC Interest to [...]