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Alain Carrier Wins #1 on Public Investor 100-2016



alain_carrier_headSWFI Staff has released the Public Investor 100. He ranks 1 out of 100 for the SWFI Public Investor 100 – 2016.

To see the full rankings

Alain Carrier has a big job. He is Senior Managing Director & Head of International, Head of Europe at CPP Investment Board (CPPIB). Situated in foggy London town, Carrier has a vast geographic boundary to oversee. Before embarking on this senior MD role, he was Head of Europe for the pension behemoth. Carrier has exhibited many of the characteristics of former CPPIB honchos. For example, the former CPPIB CEO Mark Wiseman, who was ranked #2 in the 2013 Public Investor 100 and had an extensive law background before setting foot in the world of Canadian public funds. Carrier, too, has a law M&A background.

Carrier has been with CPPIB since 2008, joining during the chaotic mess of the financial crisis. Carrier is a former Goldman Sachs alumnus, a trait shared by many members of CPPIB’s executive and deal origination teams. At Goldman, Carrier worked on prolific telecommunication and media transactions, including advising cable company NTL and its merger with Telewest.

Another part of Carrier’s role besides overseeing an army of investment professionals competing against private equity firms and other investors for sweetheart assets, is building long-term global advisory relationships. Carrier and his team meet with several different types of firms to source deals, while providing capital in niche areas, where European banks cannot.

DP World and NIIF Joint Venture Embarks on First Investment



Hindustan Infralog Private Limited, the US$ 3 billion joint venture formed in January 2018 between DP World and the National Investment and Infrastructure Fund (NIIF) to invest in ports, logistics and warehousing, agreed to acquire 90% of Continental Warehousing Corporation (Nhava Seva) Limited for US$ 400 million. 10% is being retained by the company’s founders – the Reddy family. Adi Keshav Reddy is the founder of Continental Warehousing. This is the first investment of the Hindustan Infralog platform.

The sellers include Warburg Pincus India Pvt Ltd, International Finance Corporation (IFC) and Aureos Capital, a joint venture between the CDC and Norfund that was acquired by Abraaj Capital.

Barclays, Citi and Detusche Bank advised on the transaction.

Continental Warehousing was formed in 1997 and is one of India’s biggest container warehousing firms – operating container freight stations and private freight terminals across India. In April 2011, Warburg Pincus invested in Continental Warehousing, committing US$ 100 million. In December 2015, IFC invested US$ 25 million in equity and lent US$ 35 million in debt to Continental Warehousing.

In India, DP World has been operating container port terminals since 1997.

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SWFI First Read, March 18, 2018



Surbana Jurong and China Vanke Tie up Deal for Industrial Town Projects

Surbana Jurong, a real estate development company focused on urban projects, inked a deal with China Vanke to partner on new industrial towns in China’s midwest regions. Surbana Jurong is majority-owned by Singapore’s Temasek Holdings. The first joint project is Vanke’s Jianzhou Dream Town in Chengdu. Surbana will provide the design for this project.

PIF Eyes Hollywood Talent

Saudi Arabia’s Public Investment Fund (PIF) is looking at investing around a 7% stake in Endeavor, LLC, a talent agency holding entity of WME for a reported US$ 400 million. Ari Emanuel is the CEO of Endeavor. PIF’s financial advisor for this deal is Michael Klein & Co. Endeavor is being advised by Ares Holdings.

Alex Wilmot-Sitwell of BAML Resigns

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Mubadala Invests in No Fly Zone Drone Radar Company



Data Collective led a US$ 15 million Series A round into Salt Lake City-based Fortem Technologies, Inc., a company that works on solutions that can detect, identify and classify drones in real time to maintain airspace safety. Other investors in the round include Boeing, Mubadala Investment Company, Manifest Growth, New Ground Ventures and Signia Venture Partners.

Ibrahim Ajami, Head of Mubadala Ventures said in the press release, ” Mubadala is excited to work with Fortem and its outstanding leadership team to help grow its business to new markets.”

Ajami added, “We strongly believe the TrueView radar is essential to maintain a safe airspace for both the aircraft and the critical infrastructure on the ground.”

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