Connect with us

CDPQ and Ardian Fly Toward Deal Close on Alvest

Published

on

Canadian institutional investor Caisse de dépôt et placement du Québec (CDPQ) and French investment house Ardian have completed their acquisition of a significant stake in Paris-based Alvest SAS – one of the world’s leading providers of ground support equipment to the aviation industry – for an undisclosed amount from France-based Sagard Private Equity Partners, which acquired Alvest in 2015. Sagard Private Equity Partners is the buyout arm of the Power Corporation of Canada.

The buyout was reportedly backed by €375 million (US$ 435 million) in debt financing led by the Bank of Ireland, BNP Paribas, Credit Agricole, Credit Industriel et Commercial, ING, and Societe Generale – all of which have lent their coin to Alvest previously.

The deal between CDPQ, Ardian, and Sagard was agreed to back around September 7, 2017. Furthermore, this is Ardian’s second tour with Alvest, as Ardian was a former shareholder of the company alongside Equistone Partners from 2006 to 2013.

Ardian Will Fly with a Larger Alvest

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

CalPERS Commits $5 Billion Toward US Enhanced Equity Strategy

Published

on

The California Public Employees’ Retirement System (CalPERS) moved US$ 5 billion toward an internally-managed U.S. enhanced equity strategy. This falls under the global equity bucket at CalPERS.

Continue Reading

Chinese SAFE Investment Company Sells Off Stake in Ropemaker Place

Published

on

Singapore-listed property company Ho Bee Land, acquired a prime office at 25 Ropemaker Place, EC2, located in the City of London, for £650 million. The property went up for sale in December 2017.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Norway SWF Adds to Existing Investment in Central London

Published

on

On June 15, 2018, Norges Bank Real Estate Management, the manager of Norway Government Pension Fund Global, acquired 25 percent of a long leasehold interest in 30 Warwick Street in central London, in joint venture with The Crown Estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.