Deals

Saudi PIF Wears the RE Finance Hat Now

In a series of moves by the Saudi government, a number of state-owned catalyst companies are being formed and pushed under Saudi Arabia’s Public Investment Fund’s purview. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


China Minsheng Financial Tests Blank Check Company Opportunity

China Minsheng Financial Holding Corporation Limited is looking to get into the blank check company business. The listed company is seeking to raise US$ 150 million for CM Seven Star Acquisition Corporation, the Hong Kong-based blank check company, in a U.S. initial public offering (IPO).[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. […]


GIC Among Cornerstone Investors in $680 Million Vincom IPO

Vincom Retail JSC, a subsidiary of Vingroup JSC and Vietnam’s largest mall operator, attracted orders from Singapore’s GIC Private Limited and eight other cornerstone investors in an initial public offering that could raise a record-breaking US$ 680 million on the Ho Chi Minh City Stock Exchange, according a prospectus on the deal. According to transaction […]


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QIA Hired Kulbinder Garcha for TMT Job

The Qatar Investment Authority (QIA) continues to hire talent from Wall Street. It was revealed that the QIA hired Kulbinder Garcha in September 2017 to become a Sector Head of TMT. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Foreign Asset Owners and SWF Retreat from CIMB

Some major institutional investors are selling shares in CIMB Group Holdings, the second largest bank in Malaysia, due to demand from other domestic investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Saudi Sovereign Wealth Fund Takes Large Position in Almarai

Regulatory filings revealed that Saudi Arabia’s Public Investment Fund (PIF) acquired a large shareholding in Almarai Company Limited, a dairy and food processor company based in Riyadh. Almarai (in Arabic means pasture) was formed in 1977, initially as a partnership between Alastair McGuckian, an Ireland-based food pioneer, his brother Paddy and Saudi Prince Sultan bin […]


Will Qatar or Jay-Z Save The Weinstein Company?

The Qatar Investment Authority (QIA) is a major sovereign wealth fund investor taking stakes in a wide range of assets from real estate to luxury goods companies. The QIA is facing its own unique issues such as the GCC blockade led by Saudi Arabia, but in the past the wealth fund has taken a liking […]


GIC Makes Share Grab at Glenveagh IPO

Singapore’s GIC Private Limited was revealed to have a 10.2% ownership position in Glenveagh Properties PLC at the Irish homebuilder’s initial public offering (IPO) at October 10th, which saw a 14% increase in Glenveagh’s value from an initial market capitalization of €617 million (US$ 731 million) at €1 per share, to €704 million (US$ 866 […]


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Select Harvests Places Trading Halt as Mubadala Makes Takeover Bid

UPDATE: October 8, 2017 – Select Harvests rejected Mubadala’s offer of A$ 430.6 million. Select Harvests Limited, an Australian almond grower, placed a trading halt on its listed shares through October 9 and is expected to mobilize a A$ 45 million placement at A$ 4.20 a share, in an attempt to fend off a conditional […]


Unilever Preps Sale for Margarine and Spreads Business

Unilever is prepping a sale for its US$ 8 billion margarine and spreads business, which manufacturers Flora and Stock margarines. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Jon Yalmokas to Join Cantor Fitzgerald as Prime Brokerage Head

Financial services firm Cantor Fitzgerald & Co. hired Jon Yalmokas to be the company’s global head of prime brokerage. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Khazanah Nasional Conducts Small Share Sale in Malaysia Airports Holdings

Malaysia’s Khazanah Nasional sold a portion of its holding in Malaysia Airports Holdings Berhad. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Natixis to Buy Majority Stake in Australia’s Investors Mutual

Natixis Global Asset Management, part of Natixis, will acquire a 51.9% majority stake in Australia-based Investors Mutual Limited (IML) from Pacific Current Group (PCG) and IML founder Anton Tafliaferro for 155 million AUD (US$ 121.4 million) in a deal expected to close Wednesday. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]


Saudi PIF Pumps Money into Russia, More Than 7 Deals Completed

Back in 2015, Saudi Arabia’s Public Investment Fund (PIF) revealed that they planned to invest US$ 10 billion into the Russian economy over the next five years. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, September 28, 2017

Bpifrance Invests in Kyriba Corporation San Diego-based Kyriba Corporation, a cloud treasury and financial management platform, raised US$ 45 million in funding being led by Sumeru Equity Partners. Other investors in the round include Iris Capital, Bpifrance, Daher Capital and HSBC. Alaska Permanent Fund Corporation Participated in Series D in Indigo Ag [ Content protected […]


CDPQ and Novacap Provide Pivotal Payments with Capital Investment

Novacap and Caisse de dépôt et placement du Québec (CDPQ) inked a deal to invest in Montreal-based Pivotal Payments, a Québec business that specializes in payment processing solutions and merchant services. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


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FaceBook Drops Share Reclassification

Over investor furor and pending lawsuits, Facebook canceled plans to modify its ownership share structure. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


MongoDB Files for IPO

New York-based MongoDB, Inc., an open source database system has filed for a US$ 100 million IPO with plans to trade under Nasdaq. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


India deals

Sovereign Wealth Funds Anchor in SBI Life Insurance Company

SBI Life Insurance Company Limited locked in Rs 2,226 crore (US$ 346 million) from a band of institutional investors. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Saudi Sovereign Wealth Seeks to Form Entertainment Investment Unit

Saudi Arabia’s Public Investment Fund (PIF) plans to form an entity called the Entertainment Investment Company to stimulate and grow an entertainment industry in Saudi Arabia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]