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Temasek Seeks Acquiror for $1 Billion of Buyout Fund Interests

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Singapore’s Temasek Holdings is in key discussions of selling nearly US$ 1 billion of positions in buyout funds to Paris-based Ardian Sarl, the former private equity unit of French insurer AXA SA. Ardian (the new name for AXA Private Equity) is looking to acquire the positions with debt and dump some holdings to investors.

This is on the back of another deal in which Ardian is positioned to acquire 350 interests in middle-market buyout funds from GE Capital for about €719 million (US$ 1 billion). The French private equity firm is offering to acquire the interests at face value. At the beginning of 2014, Patrick Kocsi, the head of GE Capital’s Americas equity unit, met with advisors on seeking a secondary sale. GE Capital currently manages US$ 2.5 billion in interests in buyout funds.

Blackstone Defeated on Investa Office Fund Bid

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The Blackstone Group threw in the towel on a bid to take over the Investa Office Fund, a vehicle that owns prized Australian office properties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Temasek’s Bond Expected to Lure Retail Investors

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Singapore’s Temasek Holdings, through its subsidiary Temasek Financial (IV) Private Limited, is planning a 5-year bond that aims to yield 2.7% for retail investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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QIA Becomes the Largest Shareholder in Colonial

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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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