Abu Dhabi Investment Council

ADIA Acquires a 40% Stake in Landmark Dividend

Retrieved on: 
Wednesday, November 1, 2023
Commercial Building & Real Estate, Mobile, Wireless, Technology, Construction & Property, Carriers and Services, REIT, Telecommunications, Professional Services, Data Management, Asset Management, DigitalBridge, Abu Dhabi Investment Council, NYSE, Khadem, ADIA, Multimedia, Advertising, Senior, Growth, Abu Dhabi Investment Authority, LLP, Simpson Thacher & Bartlett, Communication, Financial services, Financial adviser, Landmark

DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) today announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will acquire a 40% stake in Landmark Dividend LLC (“Landmark”), a leading acquirer and developer of real estate and infrastructure focused on the wireless communication, digital infrastructure, outdoor advertising, and renewable power industries.

Key Points: 
  • DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) today announced that a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) will acquire a 40% stake in Landmark Dividend LLC (“Landmark”), a leading acquirer and developer of real estate and infrastructure focused on the wireless communication, digital infrastructure, outdoor advertising, and renewable power industries.
  • The investment includes a significant commitment from ADIA and DigitalBridge-sponsored vehicles to support the continued expansion of Landmark’s growth platform.
  • View the full release here: https://www.businesswire.com/news/home/20231101341842/en/
    Khadem AlRemeithi, Executive Director of the Infrastructure Department at ADIA, said, “Under DigitalBridge’s ownership, Landmark has solidified its position as one of the preeminent acquirers of digital infrastructure real estate assets globally.
  • We are proud of the reputation Landmark has built for excellence in infrastructure and real estate investment, and we look forward to creating more opportunities for Landmark’s clients and stakeholders.”
    Tim Brazy, Chief Executive Officer at Landmark Dividend, said, “We welcome ADIA to Landmark.

Centerbridge Partners and Wells Fargo Enter Strategic Relationship Focused on Direct Lending to Middle-Market Companies

Retrieved on: 
Tuesday, September 26, 2023
Professional Services, Business, Finance, BCI, Partner, Wells Fargo, Centerbridge Partners, Marketplace, WFC, ADIA, Crown corporations of Canada, Growth, Entrepreneurship, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, NYSE, Bank, Financial services

Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies.

Key Points: 
  • Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies.
  • Overland represents a transformative new business model for direct lending to middle-market companies, diversifying the market of clients served by private credit and direct lending.
  • The Centerbridge and Wells Fargo strategic relationship includes differentiated origination sourcing from Wells Fargo’s extensive middle market customer base, and an equity investment from Wells Fargo.
  • Overland Advisors will be controlled by Centerbridge Partners, and Wells Fargo will be a minority investor.

65 Equity Partners boosts leadership team in Europe and United States with the appointment of two senior Partners

Retrieved on: 
Tuesday, September 26, 2023
Partnership, Investment, Health, Abu Dhabi Investment Authority, Ridgemont Equity Partners, Partner, Head, Health care, DACH, LP record, Temasek, ADIA, Cinven, Executive Committee, Pascal, Growth, Abu Dhabi Investment Council, Family, BC Partners, Airline, Security (finance), Financial services

Pascal has joined as Co-Head of Europe and will be working closely alongside fellow Co-Head Alex Stirling, to jointly manage the European activities of 65 Equity Partners.

Key Points: 
  • Pascal has joined as Co-Head of Europe and will be working closely alongside fellow Co-Head Alex Stirling, to jointly manage the European activities of 65 Equity Partners.
  • Leon will also participate in the overall management of the US activities of 65 Equity Partners.
  • 65 Equity Partners is focused on providing flexible capital solutions to business owners and management teams with a preference for minority shareholdings.
  • "I am thrilled to join 65 Equity Partners, a young firm with big ambitions and an entrepreneurial mindset.

65 Equity Partners boosts leadership team in Europe and United States with the appointment of two senior Partners

Retrieved on: 
Tuesday, September 26, 2023
Partnership, Investment, Health, Abu Dhabi Investment Authority, Ridgemont Equity Partners, Partner, Head, Health care, DACH, LP record, Temasek, ADIA, Cinven, Executive Committee, Pascal, Growth, Abu Dhabi Investment Council, Family, BC Partners, Airline, Security (finance), Financial services

Pascal has joined as Co-Head of Europe and will be working closely alongside fellow Co-Head Alex Stirling, to jointly manage the European activities of 65 Equity Partners.

Key Points: 
  • Pascal has joined as Co-Head of Europe and will be working closely alongside fellow Co-Head Alex Stirling, to jointly manage the European activities of 65 Equity Partners.
  • Leon will also participate in the overall management of the US activities of 65 Equity Partners.
  • 65 Equity Partners is focused on providing flexible capital solutions to business owners and management teams with a preference for minority shareholdings.
  • "I am thrilled to join 65 Equity Partners, a young firm with big ambitions and an entrepreneurial mindset.

Jefferies Finance Launches Direct Lending BDC with Anchor Commitment from ADIA

Retrieved on: 
Wednesday, July 19, 2023
Asset Management, Professional Services, Finance, Jefferies Financial Group, RISKS, Partnership, MassMutual, Investment, Private, Prospectus (finance), BDC, JEF, MEMORANDUM, Investment Company Act of 1940, Register, EBITDA, ADIA, Form 10-K, Registration statement, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, NYSE, Financial services, Security (finance)

Jefferies Finance is a joint venture of Jefferies Financial Group Inc. (NYSE: JEF) and Massachusetts Mutual Life Insurance Company (“MassMutual”).

Key Points: 
  • Jefferies Finance is a joint venture of Jefferies Financial Group Inc. (NYSE: JEF) and Massachusetts Mutual Life Insurance Company (“MassMutual”).
  • The newly formed BDC will focus on first lien senior secured loans to private equity sponsored U.S. companies.
  • A wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has committed to invest $625 million of equity in the BDC in order to anchor the BDC launch.
  • Thomas Brady, President of Jefferies Finance, said, "This agreement with ADIA to seed our first BDC comes as the tailwinds in the private credit market have never been stronger.

Blackstone Completes Acquisition of Cvent

Retrieved on: 
Thursday, June 15, 2023
Technology, Entertainment, Marketing, Advertising, Communications, Events, Concerts, Software, Digital Marketing, Data Management, Vista Equity Partners, LLP, Partnership, Senior, Kirkland & Ellis, Culture, Committee, Qatalyst Partners, Blackstone, Organization, Simpson Thacher & Bartlett, ADIA, Acquisition, UBS, Growth, Abu Dhabi Investment Council, Ecosystem, United Nations Special Committee on Palestine, Abu Dhabi Investment Authority, ROI, Financial adviser, Cvent

Cvent Holding Corp. (“Cvent”), an industry-leading meetings, events and hospitality technology provider, today announced the completion of its acquisition by an affiliate of private equity funds managed by Blackstone ("Blackstone") for $8.50 per share in cash, representing a total enterprise value of approximately $4.6 billion.

Key Points: 
  • Cvent Holding Corp. (“Cvent”), an industry-leading meetings, events and hospitality technology provider, today announced the completion of its acquisition by an affiliate of private equity funds managed by Blackstone ("Blackstone") for $8.50 per share in cash, representing a total enterprise value of approximately $4.6 billion.
  • Reggie Aggarwal, founder and CEO of Cvent, commented: “Events are more important and more complex than ever before.
  • We believe this partnership with Blackstone positions Cvent to continue leading the market for best-in-class technology to maximize event ROI and impact.
  • Simpson Thacher & Bartlett LLP acted as legal counsel to Blackstone, and Evercore, Morgan Stanley & Co. LLC and UBS acted as financial advisors to Blackstone.

Apollo Announces Expansion of ATLAS SP Partners and ABF Franchise with Cornerstone Commitments from ADIA

Retrieved on: 
Wednesday, June 7, 2023
ABF, APO, ADIA, Partner, Investment, Risk, Growth, Abu Dhabi Investment Council, Ecosystem, White-Smith Music Publishing Co. v. Apollo Co., Abu Dhabi Investment Authority, Paul, Weiss, Rifkind, Wharton & Garrison, NYSE, ATLAS, Cryptocurrency, Renewable energy, Bank

ATLAS SP Partners is a securitized credit origination business majority owned by Apollo affiliates.

Key Points: 
  • ATLAS SP Partners is a securitized credit origination business majority owned by Apollo affiliates.
  • ADIA’s commitment to ATLAS SP will bolster its capacity to provide warehouse financing solutions.
  • Inclusive of ADIA’s commitment, ATLAS SP is expected to be able to support approximately $15 billion of new warehouse financing commitments, in addition to the approximately $40 billion of commitments under management by ATLAS SP today.
  • Apollo’s newly established ABF franchise, part of the Firm’s Credit business, lends against a diverse array of asset types.

Ares Management Serves as Lead Arranger and Junior Agent for $3 Billion in Financing to Support the Acquisition of Merchants Fleet by Bain Capital, ADIA and the Merchants Executive Team

Retrieved on: 
Thursday, May 4, 2023
Asset Management, Professional Services, Finance, Partnership, EV, Bain Capital, Alberta Investment Management Corporation, NYSE, BNP Paribas, ARES, Acquisition, ADIA, Merchant, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, Ares, Alternative Credit Investments, Financial services

Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet (the “Company”) as part of the acquisition by Bain Capital, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Merchants executive team.

Key Points: 
  • Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet (the “Company”) as part of the acquisition by Bain Capital, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Merchants executive team.
  • BNP Paribas served as financing advisor and program agent for the financing.
  • Founded in 1962, Merchants is the fourth largest provider of fleet management services with over $2 billion in assets under management and over 175,000 managed commercial fleet units across North America.
  • “We appreciate the support and flexibility that Ares provided,” said Brendan P. Keegan, CEO of Merchants Fleet.

Major Banks in the Northern Triangle of Central America aim to attract investment from the United States

Retrieved on: 
Friday, April 21, 2023
Private sector, Maintenance, HUGE, American Dream, Banco Industrial de Venezuela, Public sector, H5 (US company), SAN, Abu Dhabi Investment Council, Airline, Renewable energy

SAN SALVADOR, El Salvador, April 21, 2023 /PRNewswire/ -- This week's conference, "Investment Opportunities to Capitalize on Nearshoring of US Companies in Guatemala, Honduras and El Salvador", hosted by the HUGE Business and Investment Council, featured presentations of eight large infrastructure projects by their private sector sponsors to twelve major financial institutions involved in funding private sector infrastructure projects in the region.

Key Points: 
  • HUGE gathers North American investors for consideration of eight large infrastructure projects in Central America.
  • The total private investment in these projects amounts to $3.4 billion and generates approximately 140,000 new jobs in the Northern Triangle region of Central America.
  • The leaders of three major Central American banks also signed a memorandum of understanding to formalize their commitment towards creating greater opportunities for Central Americans and helping address causes of irregular migration to the United States.
  • "Encouraging investment in projects that generate positive economic, social, and environmental impact is crucial for the sustainable development of our region.

SHAREHOLDER ALERT: Weiss Law Reminds KBAL, DSEY, UNVR, and MPB Shareholders About Its Ongoing Investigations

Retrieved on: 
Monday, April 10, 2023
Kimball International, Univar Solutions, Bain Capital, HNI, Multimedia, Diversey Holdings, Acquisition, HNI Corporation, OTC, Law, Abu Dhabi Investment Council, Abu Dhabi Investment Authority, KBAL, NYSE, MPB, Solenis

Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kimball International, Inc. (NASDAQ: KBAL), in connection with the proposed acquisition of KBAL by HNI Corporation ("HNI").

Key Points: 
  • Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kimball International, Inc. (NASDAQ: KBAL), in connection with the proposed acquisition of KBAL by HNI Corporation ("HNI").
  • Under the terms of the merger agreement, DSEY shareholders (other than shareholders affiliated with Bain Capital Private Equity ("Bain Capital")) will receive $8.40 in cash for each share of DSEY common stock owned.
  • Under the merger agreement, UNVR shareholders will receive $36.15 in cash for each UNVR share, valuing UNVR at $8.1 billion.
  • The transaction includes a minority investment from the Abu Dhabi Investment Authority ("ADIA").