SWFI First Read, September 7, 2015

Homeplus Deal Finds Buyers

It’s official, CPPIB will get a 21.5% stake in Homeplus, South Korean business, for US$ 534 million. CPPIB is just one investor in a consortium led by MBK Partners. The total transaction value is approximately US$ 6 billion. Other investors include Temasek Holdings and PSP Investments. The deal represents an enterprise value of £4,240 million. HSBC Bank was the lead financial advisor for Tesco. Barclays Bank was also a financial advisor and sponsor to Tesco in relations to the sale.

Oman SWF Gets Closer to Vietnamese Port

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