Deals

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% […]


GLP Subsidiary Seeks to Raise Panda Bonds

Singapore-listed Global Logistic Properties (GLP), a logistics owner and operator which has assets in countries such as the United States, China, Brazil and Japan, is looking to increase its market share in mainland China. Institutional investors see China’s middle class expanding, driving massive growth in e-commerce activity and retail chain store sales. [ Content protected […]


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BOC Aviation Lures Sovereign Wealth and Boeing

Bank of China’s aircraft leasing unit BOC Aviation Ltd. is on path for its US$ 1.1. billion initial public offering (IPO) in Hong Kong. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Advent and Temasek Want Control Over Crompton Greaves Consumer Electricals

Singapore’s Temasek Holdings and private equity firm Advent International formed a bid to acquire a 26% stake in Crompton Greaves Consumer Electricals for Rs 1,694.72 crore. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Sovereign Funds Invest in Maiden CICC Offshore Bond

China International Capital Corporation (CICC) raised US$ 500 million in its maiden offshore bond. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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Khazanah Invests in Fractal Analytics

Fractal Analytics, a data analytics company founded in 2000, raised US$ 100 million or Rs 667 crore from Malaysia’s Khazanah Nasional. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Saudi Arabia PPA Set to Transfer King Abdullah Financial District to PIF

Saudi Arabia’s Public Investment Fund (PIF) could also be a holder of challenged state-owned assets and projects. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, May 9, 2016

Nant Health Seeks IPO Culver City-based Nant Health LLC which is backed by investors such as the Kuwait Investment Authority (KIA) and BlackBerry Corporation, plans to have its US$ 92 million initial public offering (IPO) on the Nasdaq. Jefferies and Cowen & Co. are serving as lead underwriters. Investment Banks GCA Savvian and Altium Sign […]


sovereign wealth deal

PSP Investments Forms ROADIS, a Global Road Platform

In a bid to end complexity, the Public Sector Pension Investment Board (PSP Investments), announced the completion of the split of Isolux Infrastructure Netherlands B.V. with Grupo Isolux Corsan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Singapore’s GIC Increased Holdings in ICBC

The Industrial and Commercial Bank of China Limited (ICBC) had a 3.03% increase in total assets from December 31, 2015 to March 31, 2016, according to filings. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Wealth Funds Back Parag Milk Foods Before IPO

Maharashtra-based Parag Milk Foods Pvt. Ltd., a manufacturer and marketer of dairy-based branded foods in India, raised approximately Rs 343 crore from a number of cornerstone investors ahead of its initial share sale. Parag Milk Founds was founded in 1992 and owns Gowardhan, one of India’s largest private dairies. [ Content protected for Sovereign Wealth […]


SWFI First Read, May 3, 2016

CPPIB and OTPP Support Shareholder Proposal on Executive Compensation Structure Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers’ Pension Plan (OTPP) are supporting a shareholder proposal to increase transparency at Bombardier Inc. Both Canadian pension giants are concerned with the company’s compensation structure and plans to amend its deferred share unit and stock option […]


OMERS Private Equity to Sell Give and Go Prepared Foods

OMERS Private Equity, the private equity arm of the Ontario Municipal Employees’ Retirement System (OMERS), agreed to sell Give and Go Prepared Foods Corporation to affiliates of Thomas H. Lee Partners, L.P. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB and Cinven Acquire Hotelbeds

Institutional investors are on the lookout for fast-growing online booking companies with strong organic growth. Global travel technology is an investment theme for a number of sovereign funds and large pension investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Kenmare Resources Attempts to Line Up Equity Financing

Kenmare Resources plc, a miner of titanium minerals and zircon, is seeking to secure capital. Kenmare operates the Moma Titanium Minerals Mine in northern Mozambique. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]