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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.

Blackstone Invests in Minority Stake in Kohlberg & Co.



The Blackstone Group’s Strategic Capital Holdings Fund purchased a passive, minority equity interest in private equity firm Kohlberg & Company, L.P. The Strategic Capital Holdings Fund is part of Blackstone’s alternative assets group.

Kohlberg & Co. is based in Mt. Kisco, New York and has a strong focus towards the middle market in private equity. The private equity firm was founded by Jerome Kohlberg, Jr. (passed away July 30, 2015). Jerome Kohlberg, Jr. co-founded KKR and then started his own operation Kohlberg & Co. in 1987 with a preference towards the private equity middle market versus large buyouts.


Evercore served as financial advisor to Kohlberg. Ropes & Gray served as legal counsel to Kohlberg and Simpson Thacher served as legal counsel to Blackstone.

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Mubadala Inches Toward $1.2 Billion Deal for Brazilian Energy



Abu Dhabi-based Mubadala Investment Company is in the final stages of negotiation on a deal to buy Queiroz Galvão Energia SA (QGE) – the renewable energy division of Brazilian oil and natural gas company Queiroz Galvão Participacaoes – at a valuation of nearly 4 billion BRL (US$ 1.2 billion), according to a report from local financial newspaper Valor Econômico. Valor reports that the buyout-centric arm of Abu Dhabi’s overarching Mubadala Investment Company has teamed up with Castlerock Asset Management Inc. on the acquisition, although neither party could be reached for comment at time of writing.

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ADIC Sells Interest in Shiba Park Building



A group of Japanese investors led by Kansai Electric Power (Kepco) and Tokyo Gas acquired the Shiba Park Building, also known as the Gunkan (or warship) building, for a reported 150 billion JPY (US$ 1.4 billion) from a consortium of investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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