Abu Dhabi’s ADQ to Take Minority Stake in Sotheby’s for $1B
The undisclosed stake is part of the sovereign wealth fund’s plan to boost its arts and culture offerings.
The undisclosed stake is part of the sovereign wealth fund’s plan to boost its arts and culture offerings.
The $38 billion Kiwi pension fund is now the 5th largest shareholder in the securities clearinghouse.
The San Francisco-based firm’s Transform platform manages more than $600 million in US equity ETFs.
Private equity firm reports that redemptions for the REIT are down 29% from their peak in January.
The Scottish investment giant will transfer $4 billion in AUM and 30 employees to the Boston-based alts manager.
The U.S. asset manager, which focuses on insurance, will keep CEO Woody Bradford.
The British Columbia Investment Management Corp. will also own a minority stake in the combined entity.
Canadian pension giant and private equity firm will buy out SAP’s majority stake for $18.15 per share.
Lawsuit alleges shareholders were hurt because $68.7 billion acquisition process was “done incorrectly.”
The mauled blank check funds have a ticking clock: Deliver promised acquisitions or be liquidated.
Legal action could influence whether the European Commission approves the $30 billion acquisition.
Water Island Capital, which owns 4% of the firm, says the offer price is too low.
The firm will expand its reach into the British pension advisor market.
Deal also made with Ontario Municipal Retirement System’s infrastructure arm to sell British rail link.