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Singapore’s GIC Joins in Genpact Transaction with Bain Capital

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On October 25, 2012, Twickenham Investment Private Limited, an affiliate of the Government of Singapore Investment Corporation Private Limited, joined other investors such as Bain Capital Investors, LLC to buy approximately 68 million Genpact Limited common shares from General Atlantic LLC and Oak Hill Capital Management, LLC. The shares were sold at a price of $14.76 per share.

Citigroup and Morgan Stanley acted as financial advisors to Genpact, and Cravath, Swaine & Moore LLP acted as legal counsel. J.P. Morgan acted as financial advisor to Bain Capital, and Ropes & Gray LLP acted as legal advisor.

Purchasers

  • Affiliates of Bain Capital Investors, LLC purchased 57,537,264 shares
  • Twickenham Investment Private Limited purchased 10,162,602 shares
  • Bain Co-Investor purchased 50,812 shares

Genpact Limited is a large technology outsourcing business. It was spun off from General Electric in 2005. In early September 2012, Bain Capital Partners won United States antitrust approval from the Federal Trade Commission to purchase a major position in Genpact Limited.

Blackstone Defeated on Investa Office Fund Bid

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The Blackstone Group threw in the towel on a bid to take over the Investa Office Fund, a vehicle that owns prized Australian office properties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek’s Bond Expected to Lure Retail Investors

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Singapore’s Temasek Holdings, through its subsidiary Temasek Financial (IV) Private Limited, is planning a 5-year bond that aims to yield 2.7% for retail investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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QIA Becomes the Largest Shareholder in Colonial

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The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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