💰SWF – Sovereign Wealth Fund
Ontario Teachers’ Takes to the Seas with Atlantic Aqua Farms Acquisition
The Ontario Teachers’ Pension Plan (OTPP) has made its first investment in the rising aquaculture industry with the acquisition of Orwell Cove-based Atlantic Aqua Farms, Inc. (AAF) and its affiliated entities from San Francisco-based private equity firm Encore Consumer Capital, through its Encore Consumer Capital Fund L.P., for an undisclosed amount.
Estimates of the deal’s value, however, place it at over C$ 100 million.
Encore Consumer Capital put AAF for sale back in March 2017.
UAE Prepares ADNOC Distribution IPO
The Abu Dhabi National Oil Company (ADNOC) embarked on plans to sell a minority stake of 10% or more in its fuel distribution unit in an initial public offering on the Abu Dhabi Securities Exchange (ADX) scheduled for December of 2017.
ADNOC Distribution is the largest fuel distributor in the United Arab Emirates with 67% of the market share by number of retail service stations and benefits from a “stable and predictable” market-pricing regime, according to a company statement.
https://www.swfinstitute.org/swf-news/uae-prepares-adnoc-distribution-ipo/