Connect with us

Update: Qatar Holding Invests in BlackBerry’s Convertible Debt Offering

Published

on

Qatar Holding LLC, the sovereign wealth enterprise of the Qatar Investment Authority, is part of a group of investors allocating capital to Blackberry’s US$ 1 billion convertible debt offering.

On November 6, 2013, we reported that Qatar Holding participated in Blackberry’s convertible debt offering.

According to regulatory filings, Qatar Holding invested US$ 100 million.

Other investors include:

  • Canso Investment Counsel Ltd. – US$ 300 million
  • Fairfax Financial Holdings Limited – US$ 250 million
  • Mackenzie Financial – US$ 200 million
  • Markel Corporation – US$ 70 million
  • Brookfield Asset Management – US$ 10 million
  • Manulife Financial – through funds – US$ 70 million

Toronto-based financial holding company, Fairfax Financial Holdings Limited, the biggest shareholder of Blackberry, committed US$ 250 million to the offering.

On November 6, 2013, Fairfax Financial Holdings entered into an agreement with a syndicate of underwriters led by CIBC and BMO Capital Markets in which the syndicate will buy on a bought deal basis 1,000,000 subordinate voting shares at a price of C$431 per common share. This offering is expected to close on November 15, 2013. Proceeds will be used to further Fairfax’s cash position – indirectly helping the backing of Blackberry.

HKMA and TRS Participates in Investment in Kakao Mobility

Published

on

Private equity firm TPG led a group of investors to acquire a minority ownership stake in Kakao Mobility Corporation, a South Korean taxi hailing service provider. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Meraas Holding Names Former KIO Executive as CEO

Published

on

Osama Al-Ayoub, the former CEO and President of the Kuwait Investment Office (KIO), was hired by property firm Meraas Holding to be its chief executive officer. KIO is a London-based unit of the Kuwait Investment Authority (KIA). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Mumtalakat Contemplates Investing in SoftBank Vision Fund

Published

on

Bahrain-based Mumtalakat Holdings is interested in joining a chorus of sovereign funds committing capital to Japan-based SoftBank Group’s Vision Fund. [ 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.