Connect with us

SWFI First Read, October 17, 2016

OTPP Inks Deal on Canadian Wine Business of Constellation Brands

Victor, New York-based Constellation Brands Inc. inks a deal to dispose its Canadian wine business for C$1.03 billion (US$ 780 million) to the Ontario Teachers’ Pension Plan (OTPP). The transaction, which includes Canadian wine brands such as Jackson-Triggs and Inniskillin, wineries, vineyards, offices, facilities, and Wine Rack retail stores is subject to regulatory approval and is expected to close by the end of 2016. Constellation Brands will continue ownership of Black Velvet Whisky and the related production facility in Lethbridge, Alberta, Canada.

Bank Sohar and Bank Dhofar End Merger Talks

Bank Sohar and Bank Dhofar, two large Oman banks, have ended talks regarding a merger. A merger between the two lenders would have created the second largest bank in Oman behind Bank Muscat.

Uncertainty Regarding Misys Offering, Lowers Price

Financial software giant Misys has lowered its offering price by 30% to be valued around £3.2 billion and £3.5 billion, versus £4.5 billion. Vista Equity Partners took Misys private back in 2012 for £1.27 billion.

Sovereign Wealth Encircles Kerala Institute of Medical Sciences

Ascent Capital Pvt. Ltd and OrbiMed Advisors LLC are looking to sell their combined 40% stake in Thiruvananthapuram, India-based Kerala Institute of Medical Sciences, an operator of tertiary care hospitals. In addition, stock promoters plan to dilute an additional 25% to 30% of Kerala Institute of Medical Sciences. The private equity sellers are being advised by Rothschild. Interested investors in the Kerala Institute of Medical Sciences include Temasek Holdings, TPG Capital and India Value Fund Advisors Private Ltd. In 2012, Ascent Capital Pvt. Ltd and OrbiMed Advisors LLC invested Rs 170 crore into the Kerala Institute of Medical Sciences.

Arapahoe County Retirement Plan Hires Wam, Fires PIMCO on Bond Strategy

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

Sovereign Funds Commit to Integrating Climate-Related Risks at One Planet Summit

Representatives from a number of sovereign wealth funds who collectively govern over US$ 2 trillion in assets came together at the One Planet Summit at the Élysée Palace in Paris in order to discuss what public asset owners can do to incorporate climate change-related risks and opportunities into investment considerations.

The newly formed committee – called the One Planet Sovereign Wealth Fund Working Group – includes as its founding members the Abu Dhabi Investment Authority (ADIA), Kuwait Investment Authority (KIA), Qatar Investment Authority (QIA), Norges Bank Investment Management (manager of Norway’s Government Pension Fund Global), Saudi Arabia’s Public Investment Fund (PIF), and the New Zealand Superannuation Fund.

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

Continue Reading

bcIMC-Backed Hayfin Capital to Buy CLO Specialist Kingsland Capital

London-based Hayfin Capital Management agreed to buyout New York-based Kingsland Capital Management, LLC, a U.S. collateralized loan obligations (CLO) and leverage credit manager. The transaction permits Hayfin Capital an opening to the U.S. CLO market. Hayfin Capital does not currently manage any live CLOs.

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

Continue Reading

CPPIB Participates in Peruvian PE Restructuring

The Canada Pension Plan Investment Board (CPPIB) is part of an investor group that is helping restructure a number of vehicles that are managed by Peru-based Enfoca, a private equity firm.

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

Continue Reading

Popular

© 2008-2017 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.