| Sovereign wealth funds have been collaborating on some massive deals this week. On Tuesday we learned that a consortium of investors — reported to include the Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC, as well as Dutch pension fund PGGM and London-based private equity firm TDR Capital — was preparing a $3 billion bid for Netherlands-based car-leasing company LeasePlan Corp.
ADIA has a history of teaming up with other sovereign wealth funds on innovative deals, and seems to be developing a particularly close relationship with GIC: the two funds are also rumored to be preparing a joint $7 billion bid alongside other investors for a Swedish electricity distribution business, one of several big European infrastructure deals that sovereign wealth funds are getting involved in...............................................Full Article: Source |