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Temasek Invests in Manipal Health

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With a fertile population and a growing middle class, India’s hospital sector will need more beds over the next decade to accommodate market demand. Hospital companies have attracted the attention of wealth funds, pensions and private equity firms over the past five years in India.

Singapore’s Temasek Holdings is poised to acquire an 18% stake in Manipal Health Enterprises Private Limited, the healthcare unit of Manipal Group, from True North for Rs 1,200 crore. True North was formerly known as India Value Fund Advisors. This transaction values Manipal Health at Rs 7,800 crore (US$ 1.2 billion).

In India, Manipal Health has hospital facilities in areas such as Goa, Tamil Nadu, Rajasthan, Andhra Pradesh, Delhi and Karnataka.

Temasek Portfolio in Indian Health

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

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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.

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RDIF Lures Asian Investors Toward Russian Surgical Robot Project

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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. ]

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Oman Infrastructure Investment Fund Near Creation

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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.

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