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SWFI First Read, December 6, 2016




BlackRock Hires Former CMO and CCO at Buzzfeed to Lead Marketing Efforts

BlackRock Inc. hired the former Chief Marketing Officer and Chief Creative Officer at Buzzfeed, Frank Cooper, to be the firm’s new global chief marketing officer. Frank Cooper will report to BlackRock CEO Laurence “Larry” Fink. Cooper had stints at PepsiCo Inc., AOL, Warner Bros. and worked as an entertainment lawyer in Los Angeles. He will also join BlackRock’s Global Executive Committee.

OMERS Private Equity Sells Majority Stake in V.Group to Advent International

The Ontario Municipal Employees Retirement System (OMERS) exited out of a majority 51% ownership interest in marine services company V.Group. The buyer is Advent International. OMERS will remain a minority investor in V.Group. Goldman Sachs was the financial advisor for V.Group, while Weil, Gotshal & Manges LLP was the legal advisor for OMERS. Freshfields Bruckhaus Deringer was the legal advisor for Advent International.

OMERS bought V.Group in 2011 for US$ 520 million from Exponent Private Equity.

Hausman Promoted to Lead Strategic Relationships at OTPP

The Ontario Teachers’ Pension Plan (OTPP) promoted Jonathan Hausman to lead the new Global Strategic Relationships department, which is responsible for developing and cultivating mutually beneficial investment relationships around the world. His appointment as Managing Director and Head of Global Strategic Relationships is effective January 1, 2017. Hausman joined OTPP in 2004.

Damian Graham Named CIO at First State Super

Damian Graham has become Chief Investment Officer of Sydney-based First State Super. Graham was the interim CIO at First State Super in August 2016 when Richard Brandweiner exited for London-based LeapFrog Investments, an impact investment firm.

Agaciro Development Fund Prods Along to Target 200 billion RWF by 2020

The Agaciro Development Fund has so far raised about 37.5 billion RWF out of the targeted 200 billion RWF needed by 2020. RWF stands for Rwanda Franc.

Lionhorn Expands McDonald’s Ownership Empire

Lionhorn Pte Ltd, an entity run by Sheik Fahd and Abdulrahman Alireza, acquired the franchise rights for McDonald’s in Singapore and Malaysia from McDonald’s Corporation. McDonald’s migrated ownership interest in 390 restaurants, in which more than 80% were corporate owned to Lionhorn on December 1, 2016. Lionhorn is a franchisee of about 100 McDonald’s restaurants in the western and southern regions of Saudi Arabia.

Accuron Medtech Led Investment Round in Awak Technologies

Singapore-based Awak Technologies Pte. Ltd., a kidney disease treatment pharmaceutical company, raised US$ 11.2 million from investors. The investment round was led by Accuron Medtech, a sovereign wealth enterprise of Temasek Holdings. Other investors in the round include Baxter Healthcare and TP Innovation Holdings, the technology transfer officer for Temasek Polytechnic.

UroMems Gets Investment from Bpifrance

France-based UroMems, a medical device manufacturer raised €14 million in funding. Bpifrance participated in the investment round through its Fonds Acceleration Biotechnologies Sante (Fabs) fund. The capital is being used to finance the development of its artificial urinary sphincter. Goodwin Procter LLP was the legal advisor for UroMems on the capital raise.

QIA Becomes the Largest Shareholder in Colonial



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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Mumtalakat Discloses Investment in Khairat Bahrain



Bahrain Mumtalakat Holding Company disclosed an investment in Sudan called Khairat Bahrain. This is an agricultural investment in Sudan. The food and agriculture sector is key investment sector for many Gulf-based state investors. Khairat Bahrain is located in the world’s richest expanse of groundwater (the Nubian Sandstone Basin) occupying an area of approximately 100,000 feddans (400 square kilometers). The Nubian Sandstone Aquifer System is the world’s largest known fossil water aquifer system.

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Temasek Acquires Cybersecurity Firm Sygnia



Singapore’s Temasek Holdings agreed to acquire Sygnia, Inc., an Israeli cybersecurity technology and services provider. Unverified estimates of the deal amount are around US$ 250 million. Sygnia runs out of Tel Aviv, but has an office in New York. Sygnia assists companies respond to cyber threats.

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

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