Deals

SWFI First Read, June 20, 2016

Temasek Unit Sells 555 Million H-Shares in CCB Fullerton Financial Holdings Ptd Ltd, a sovereign wealth enterprise (SWE) of Singapore’s Temasek Holdings, sold 555 million H-shares of China Construction Bank (CCB) on June 16th. At a price of HK$ 5.01 per share, it values the block sold at HK$ 2.78 billion. In total, Temasek reduced […]


Friday SWFI News Roundup, June 17, 2016

RDIF Leads Investors in Russian Helicopters The Russian Direct Investment Fund (RDIF) and a number of Middle Eastern funds have agreed to co-invest in Russian Helicopters. Under the agreement, the parties will invest up to US$ 600 million in the company. Upon completion of the transaction, the investor consortium will hold up to 25% of […]


RDIF Leads Investor Group into AF Group

The Russian Direct Investment Fund (RDIF) and a number of Gulf-based institutional investors invested in Russia-based AFG National, LLC, a vertically integrated agro-industrial holding that is engaged in activities such as rice production, field vegetables, table potatoes, and packaged cereals. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


MODI EFFECT: SWFs and Pensions Intensify Direct Investments in India

Narendra Modi was sworn in as Prime Minister of India on May 26, 2014. Somewhat stronger private property rights, slightly-loosened regulation and friendlier foreign investment laws have increased the flows of foreign institutional investor capital. Since 2013, direct investments by sovereign funds and public pensions into India have ramped up, according to time-series data from […]


PSP Investments Buys Chunk in Animal Tagging Company Allflex

The Public Sector Pension Investment Board (PSP Investments) acquired a significant minority interest in Allflex Group (Allflex) from private equity firm BC Partners. BC Partners will remain the controlling shareholder. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 9, 2016

Oman to Stimulate its Healthcare Sector by PPP Model [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


bcIMC Buys Minority Stake in Glencore Agri

Glencore Plc is selling a 9.99% stake in its agriculture unit, Glencore Agricultural Products (Glencore Agri), to British Columbia Investment Management Corporation (bcIMC) for US$ 624.9 million payable in cash. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Follow the Money – Episode 10

This is the first episode of Global Connections, part of SWFI’s Follow the Money. Rachel and I chat about a number of current events that may impact institutional investors and their environment. We cover the U.S. Presidential election, touch on Brexit and jump to Saudi Arabia’s Public Investment Fund (PIF) investment into Uber. We touch […]


Malaysia MinFin to Back Proton Holdings

Malaysia’s Ministry of Finance, through Govco Holdings Berhad, has plans to invest, by way of redeemable convertible cumulative preference shares, 1.25 billion MYR (US$ 307 million) into DRB-Hicom Berhad, the owner of auto manufacturer Proton Holdings Berhad. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CIC Sticks with Commodities Trader Noble Group

Hong Kong-based Noble Group Limited’s Chairman Richard Elman plans to exit the company within the next year. The news comes days after its CEO Yusuf Alireza left. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, June 3, 2016

Khazanah Had Secondary Share Sell on IHH Stock Malaysia’s Khazanah Nasional sold 829 million MYR (US$ 201 million) worth of shares (1.6% stake) from a secondary sale of shares in IHH Healthcare, the hospital operator. Khazanah’s ownership after the secondary sale was reduced to 42.8%. Before the sale, Khazanah owned 45.3% of IHH. IHH is […]


Singaporean Wealth Funds Scoop Up Shares in Alibaba

Singapore’s Temasek Holdings and GIC Private Limited purchased US$ 1 billion worth of shares of Alibaba Group Holding Ltd, the well-known Chinese e-commerce company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, June 1, 2016

Vista Equity Partners to Acquire Marketo Vista Equity Partners has agreed to acquire San Mateo-based Marketo Inc., a provider of cloud-based engagement marketing software and solutions, for approximately US$ 1.79 billion. Marketo shareholders will receive $35.25 in cash per share, representing a 64% premium to the unaffected closing price as of May 9, 2016. Marketo […]


Cassa Depositi e Prestiti Gets 35% Stake in Poste Italiane

Italian state lender Cassa depositi e prestiti S.p.A. (CDP) got a capital increase of €2,930,257,785 in return for getting a 35% stake in Poste Italiane S.p.A from the Italian Ministry of Economy and Finance. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Friday SWFI News Roundup, May 27, 2016

Qatari Government Hits Capital Markets for US$ 9 Billion Earlier this week, the Qatari government sold US$ 9 billion worth of Eurobonds, consisting of three maturities. Qatar is the world’s biggest exporter of liquefied natural gas (LNG). 3 Maturities 5-Year, US$ 3.5 billion, 120 basis points over U.S. Treasuries 10-Year, US$ 3.5 billion, 150 basis […]


Sovereign Funds Go Surgical on Healthcare Investing

According to data from SWFI’s Sovereign Wealth Fund Transaction Database, sovereign investors directly invested US$ 6.61 billion into the healthcare sector in 2015 – a staggering amount compared to previous years. However, 2016 has been off to a tepid start. Preliminary data from the first two quarters of 2016 (data is still being tabulated until […]


WE’RE IN: GE to Play Role in Saudi Arabian Diversification Plan

Fairfield, Connecticut-based General Electric Co. (GE), traversing in the footsteps of working with the United Arab Emirates government on a number of initiatives such as Masdar and commercial financing, plans to take part in US$ 3 billion worth of investments Saudi Arabia is doing to diversify the kingdom away from oil. [ Content protected for […]


RDIF Leads Investor Group in Dairy Complex Project in Ryazan Region

On May 18th, 2016, the Russian Direct Investment Fund (RDIF), the Thai conglomerate Charoen Pokphand Group (C.P. Group), Banner Infant Dairy Products from China (Banner Dairy), as well as other Gulf public investors and banks together with the Ryazan Region Government entered into a Memorandum of Understanding (MoU) for the establishment of Russia’s biggest integrated […]


Temasek Gets Closer to China Yum Brands Acquisition

Singapore’s Temasek Holdings is bidding for an approximate 20% stake in Yum Brands’ China unit. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 19, 2016

Qatar Airways Increases Stake in British Airways Parent Company Qatar Airways increased its stake in International Consolidated Airlines Group SA, the parent company of British Airways, to 15.01%. Qatar Airways in 2015 became the largest shareholder in International Consolidated Airlines Group. Under European Union regulations, foreign investors are limited to holding no more than 49% […]