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UPDATE – GIC Mulls $980 Million Investment in Brazilian Hospital Company

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UPDATE – May 27, 2015
GIC Private Limited has acquired a stake in Rede D’Or São Luiz SA from BTG Pactual for 1.6 billion BRL (US$ 509.5 million). GIC has also agreed to purchase an equal number of shares from Jorge Moll and his family. This theoretically brings the deal to 3.2 billion BRL, giving GIC a 15.2% shareholding of the company.


Singapore’s GIC Private Limited is in discussions to acquire a stake in Brazilian hospital care provider Rede D’Or São Luiz SA for nearly US$ 980 million. The wealth fund could acquire up to a 14% position in the company from the Moll family and Grupo BTG Pactual SA (diluting their positions further). In April, The Carlyle Group paid around 1.75 billion BRL (US$ 600 million) for an 8.3% in Rede D’Or Sao Luiz. The Carlyle deal valued Rede D’Or São Luiz SA at approximately 19 billion BRL. Carlyle used capital from Carlyle Partners VI, Carlyle South America Buyout Find and a Brazilian investment entity that raised capital with Banco do Brasil SA. Rede D’Or Sao Luiz was advised by BTG Pactual on the Carlyle deal and law firms Kirkland Ellis LLP and Barbosa, Mussnich & Aragão.

Rede D’Or São Luiz SA Ownership

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SWFI First Read, September 19, 2018

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QIA Eyes Investment in Chinese Lender Lufax

The Qatar Investment Authority (QIA) is in talks about a possible investment into Shanghai-based Lufax, one of China’s largest online lenders. The seller of the possible stake is China’s Ping An Insurance (Group) Co. Ltd. Lufax’s official name is Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.

Wealth Funds Back Hotpot Giant

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Japanese Government Capital Provides Initial Life for Texas Bullet Train

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Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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