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Riverwood Capital raises $1.8bn for Global Technology Fund. (Financial Sponsors)
Sanjay Nayar-led Sorin Investments set to close debut fund above target at $156m. (FS)
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Statkraft, Europe's largest generator of renewable energy and a global player in energy market operations, agreed to acquire Enerfin, a Spanish renewable energy company, from Elecnor Group, a Spanish engineering and construction business, for €1.8bn ($1.96bn).
"This is a milestone acquisition for Statkraft. Enerfin is a solid, well-run company with a highly competent organization and an attractive portfolio that fits well with Statkraft's current activities. The deal will create further value for the customers, our owner and society as it constitutes a major contribution to the green energy transition towards zero emissions," Christian Rynning-T?nnesen, Statkraft CEO.
Statkraft is advised by Rothschild & Co.
ORLEN, Poland’s largest refiner, agreed to acquire KUFPEC Norway, a group of oil and gas producing assets on the Norwegian continental shelf, from KUFPEC, an international oil company, for $445m.
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“We have successfully concluded a strategic deal on the Norwegian Continental Shelf. With the acquisition of KUFPEC Norway, the ORLEN Group's gas production in Norway is set to grow by more than 1 bcm per year. This significantly enhances our capacity to meet the demand of the Polish market and the entire region utilising our own gas resources. Beyond advancing the ORLEN Group's strategic goals, this transaction brings synergies that boost our development potential in Norway. We have secured control of fields where we already hold direct interests acquired through previous transactions, this will ensure seamless integration of the acquired assets, optimisation of operating costs and, by significantly scaling up our operations, access to attractive funding for further investments,” Daniel Obajtek, ORLEN CEO and President of the Board.
Primaris REIT, Canada's only enclosed shopping center-focused REIT, agreed to acquire Halifax Shopping Centre, a regional enclosed shopping center in the high-growth market of Halifax, Nova Scotia, and the Annex, an open-air center located immediately adjacent to Halifax Shopping Centre, for $370m.
"Halifax Shopping Centre and the Annex exemplify the quality and market-leading nature of Primaris REIT's target acquisition profile. The shopping complex is extremely well located in central Halifax, adjacent to Halifax Transit's Mumford Terminal and at the gateway to the Halifax peninsula, with a market leading position in one of Canada's fastest-growing mid-sized population centers," Patrick Sullivan, Primaris REIT President and COO.
Primaris REIT is advised by CBRE Group, Desjardins and TD Securities.
Riverwood Capital raises $1.8bn for Global Technology Fund.?(FS)
Riverwood Capital, which invests in high-growth technology companies, closed $1.8bn in new commitments in the largest fundraising round since inception 15 years ago.
The Menlo Park, California-based firm with offices in Miami, New York and Sao Paulo, tapped pension funds, hospital systems, foundations, endowments, fund of funds, insurance companies and family offices among other investors.
Sanjay Nayar-led Sorin Investments set to close debut fund above target at $156m. (FS)
Sorin Investments, the venture capital?firm set up by former KKR India CEO Sanjay Nayar and Caravel Group’s Angad Banga, has surpassed the original fundraising target for its debut investment vehicle, raking in about INR1.3bn ($156m), Deal Street Asia reported.
Small Industries Development Bank of India and The National Small Industries will back Sorin Investments, former KKR India head said.
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