Connect with us

Temasek Buys Stake in Evonik and Healthcare Global Enterprises

Published

on

Temasek HoldingsEvonik Industries AG, a German specialty chemical manufacturer, sold a block of shares to Temasek Holdings in a 4.6% private placement deal. Temasek Holdings will pay around €600 million for the stake. Evonik is preparing to be a listed company on the Frankfurt Stock Exchange; however, the firm has encountered setbacks due to lackluster market conditions.

In 2008, buyout firm CVC Capital purchased a stake in Evonik. CVC Capital had controlled 25% of Evonik, while the rest was owned by the RAG foundation. In February 2013, both owners reduced their stakes selling about 4% each to a group of investors.

On another note, Temasek Holdings bought a stake in Bangalore-based Healthcare Global Enterprises, an Indian provider of cancer healthcare, for 32.5 million SGD. Healthcare Global Enterprises maintains 26 healthcare centers in Asia. Temasek Holdings joins existing investors such as Premji Invest and Milestone Religare. Evolvence India Life Sciences Fund, an early investor, will be exiting their investment to Temasek Holdings.

Russia-Japan Investment Fund to Back Wood Pellet Production in Russia

Published

on

The Russian Far East has a lot of timber, and for that wood pellets is a source of biofuel. A while back, the Russian Direct Investment Fund (RDIF) formed the Russia-Japan Investment Fund (RJIF) with the Japan Bank for International Cooperation (JBIC). RDIF and JBICIG Partners as part of RJIF, together with RFP Group and Japan’s Prospect Co., Ltd. have agreed to collaborate and consider potential investments in Russia’s biofuel industry. JBICIG Partners is a subsidiary of the Japan Bank for International Cooperation.

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

Continue Reading

RDIF Lures Asian Investors Toward Russian Surgical Robot Project

Published

on

The Russian Direct Investment Fund (RDIF) is partnering with a number of unnamed Asian co-investors to allocate capital toward a project to create and manufacture Russian surgical robots. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Oman Infrastructure Investment Fund Near Creation

Published

on

The Oman State General Reserve Fund is nearing the formation of the Oman Infrastructure Investment Fund. This fund will raise capital from third-party investors to invest in Oman’s infrastructure and in certain areas of technology.

The fund will also invest in areas of technology in healthcare, specifically in medical equipment. The fund will also explore investing in blockchain technologies.

Continue Reading

Popular

© 2008-2018 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.