Deals

Deutsche Bank M&A Executive Tom Cooper Exits

Since 2008, Deutsche Bank has struggled to get its investment banking division to where it used to be, losing to peers when it comes to generating substantial investment banking fees. Without fees and a shaky capital position, Deutsche Bank bled out high-profile bankers in the past two years. Deutsche Bank’s co-chairman of global mergers and […]


Sovereign Funds Went Big in the Final Quarter of 2016

Despite a succession of political shockwaves, sovereign wealth funds went back to plowing money into direct investments in the fourth quarter of 2016, investing US$ 60.31 billion versus US$ 30.43 billion in 4Q 2015, according to data from the Sovereign Wealth Fund Institute (SWFI). The SWFI transaction database tracks direct transactions made by sovereign funds, […]


SWFI First Read, April 18, 2017

Norway Sovereign Fund Supports Credit Suisse on Executive Compensation Norges Bank Investment Management (NBIM), the manager of Norway’s sovereign wealth fund, plans to vote in favor of Credit Suisse’s planned payouts to senior managers, according to a fund statement. NBIM agreed and welcomed the statement made by Credit Suisse’s board of directors on April 13, […]


Sino IC Capital Inks Deal to Acquire Xcerra Corporation

Norwood, Massachusetts-based Xcerra Corporation is being acquired by Unic Capital Management Co., Ltd., an affiliate of Sino IC Capital for roughly US$ 578 million. The deal was signed on April 7, 2017. Unic Capital is buying all the outstanding shares of Xcerra for US$ 10.25 per share in cash. The deal values Xcerra’s equity at […]


SWFI First Read, April 16, 2017

Starwood Capital Group to Acquire Forestar Group Affiliates of Starwood Capital Group inked a deal to buy Austin-based Forestar Group Inc. for US$ 605 million in equity value. Forestar Group is a residential and mixed-use real estate development company – owning around 4,600 acres of real estate across 10 states in the U.S. Forestar Group […]


SWFI First Read, April 13, 2017

CICC Finalizes China Investment Securities Transaction China International Capital Corporation Limited (CICC) finalized its acquisition of Shenzhen-based China Investment Securities Co. from Central Huijin Investment Ltd. for 16.7 billion RMB (US$ 2.5 billion). CICC bought 100% of the shares. The deal was signed and publicly released on November 4, 2016. Central Huijin Investment and related […]


Mumtalakat Holdings Forms Mazad, Enters into Auction Business

Bahrain’s Mumtalakat Holdings had formed a new entity that will be in charge of conducting and organizing auctions called Mazad. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


kazakhstan

Kazakhstan Makes an Aggressive Push Towards Some Privatization

Samruk-Kazyna, one of Kazakhstan’s sovereign fund vehicles, stated it sold over 120 small and mid-sized firms through an online electronic auction. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, April 6, 2017

Citigroup Hires Shawn Borisoff as MD on Global Asset Managers Team Citigroup hired Shawn Borisoff to be a managing director on its global asset managers team which covers Europe, Middle East and Africa (EMEA) private equity deals. Borisoff will remain in London for the role and report to Anthony Diamandakis and Christian Anderson, executives at […]


Temasek Stumbles Out of China Huiyuan Juice

On March 28, 2017, Singapore’s Temasek Holdings had offloaded its entire 8.22% ownership stake in Beijing-based China Huiyuan Juice Group Limited, according to filing data. Temasek, through its network of sovereign wealth enterprises ending at Baytree Investments (Mauritius) Pte Ltd, had 219,781,132 shares of the company, selling all of it. [ Content protected for Sovereign […]


Cheung Kong Property Acquires Reliance Home Comfort

Billionaire Li Ka-Shing, through his company Cheung Kong Property Holdings Ltd., is boosting investments in Canada. The Li family trust is the biggest shareholder in Cheung Kong Property Holdings, which through a subsidiary called CKP (Canada) Holdings Ltd. acquired Reliance Home Comfort L.P. from Alinda Capital Partners LLC for C$ 2.82 billion (US$ 2.1 billion). […]


Saudi Aramco Names More Advisors for Future Listing

The Saudi Arabian Oil Company (Saudi Aramco) has taken a number of forward steps regarding its planned initial public offering (IPO). For example, in March, the Saudi Arabian government lowered the tax rate paid by Saudi Aramco from 85% to 50%.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view […]


RDIF Invests in Data Leakage Prevention Software Company

Increasingly more capital is flowing into the cybersecurity sector. The Russian Direct Investment Fund (RDIF) invested in InfoWatch Group, a corporate information security company, for a minority equity stake. InfoWatch specializes in preventing information leakages – this software is known as data leakage prevention (DLP) software. [ Content protected for Sovereign Wealth Fund Institute Standard […]


doha sovereign wealth fund

QIA Plans to Sell Some Shares in Santander Brasil

UPDATE, April 6, 2017: The Qatar Investment Authority on April 6th, sold 2.5% of Banco Santander (Brasil) S.A. for 2.3 billion BRL (US$ 737 million). This transaction was a restricted offering after banks exercised an option to buy additional units. The Qatar Investment Authority (QIA) is seeking to trim some of its holdings in Banco […]


Bpifrance Acquires APE’s Stake in PSA Group

The Agence des Participations de l’Etat (APE), a French government holdings entity overseeing around 70 firms, sold its 12.7% ownership stake in automobile manufacturer PSA Group (also known as Groupe PSA) to Bpifrance for €1.92 billion (US$ 2.1 billion). This represents a €1.12 billion capital gain for APE. Paris-based PSA Group makes cars and other […]


HNA Group Has Ambitions for an Asset Management Empire

HNA Group is an expanding Chinese conglomerate that has been on an overseas spending spree, armed with roughly US$ 145 billion in assets. HNA Capital, the financial services business of HNA Group, is keen on building a global asset management business. New York-based HNA Capital U.S., a subsidiary of HNA Capital, has agreed to buy […]


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 […]