SWFI First Read, July 14, 2017

ADNOC Explores Opening up Service Stations Unit

The Abu Dhabi National Oil Company (ADNOC), a government-owned oil company, is looking to have an initial public offering (IPO) of its service stations unit. ADNOC considering all options for the service stations unit, including not having an IPO. ADNOC’s service station distribution includes an excess of 300 gas stations across the country.

NEC Contemplates Buying Civica from OMERS PE

NEC Corporation, a Japan-based information technology company, is contemplating the purchase of Civica, a U.K.-based software company, for 900 million GBP. Other suitors for the company include Partners Group, BC Partners and Boston-based Berkshire Partners. OMERS Private Equity, the PE unit of Ontario Municipal Employees’ Retirement System, owns Civica and acquired the company from 3i Group in 2013 for approximately 300 million GBP. OMERS hired Goldman Sachs to assist in disposing of Civica.

Australia’s Future Fund Invests in Move Guides

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