Sovereign Wealth Funds have been involved in some of the largest and most complex commercial transactions in recent years.
These entities have not escaped the current difficulties in the markets, however, and many Sovereign Wealth Funds are going through a process of re-focus and re-orientation. Nevertheless, Linklaters believes that Sovereign Wealth Funds will continue to play a significant role in global business and continues to work with some of the world's most prominent Sovereign Wealth Funds and related organisations.
Over the last decade, Linklaters has worked with Sovereign Wealth Funds on transactions around the world. The firm’s work in Asia, the Middle East and Europe encompasses M&A, real estate acquisition, debt finance and infrastructure as well as other areas of specific advice such as risk management, regulatory and antitrust/protectionist issues. Some Sovereign Wealth Funds operate like asset management companies, investing via special vehicles and asset managers, others behave almost like private equity funds. Whatever their structure or investment strategy, Linklaters views Sovereign Wealth Funds as a specific sector in its own right and one which requires specialist expertise and knowledge.
Linklaters has advised many Asian and Middle Eastern based Sovereign Wealth Funds across a spectrum of sectors, including transport, logistics, real estate, financial services, hotels and leisure and technology. Through its support and advice to Sovereign Wealth Funds around the world, Linklaters has an unparalleled understanding of the sector.
Contact us
To discuss legal issues with Linklaters’ global sovereign wealth funds team, please contact sector leader Richard Good.
You can find out more about Linklaters’ sovereign wealth funds capabilities from sector manager Dan Bright on (44 20) 7456 6289.
Recent sovereign wealth funds transactions include advising:
- Temasek and Singapore Airlines on their investment in China Eastern Airlines
- Merrill Lynch on its disposal of Chapterhouse Holdings to GIC
- Temasek on its acquisition of an 11.55 per cent stake in Standard Chartered plc
- Morgan Stanley Asia as the placing agent for the sale of 28 million H shares per value RMb. 1.00 each of China Construction Bank Ltd for Aranda Investments Pte Ltd, a subsidiary of Temasek
- Khazanah Nasional Berhad, the Malaysian investment holding arm of Government of Malaysia, on its acquisition of a 52.5 per cent stake in PT Bank Lippo Tbk, the listed Indonesian commercial bank
- CITIC on potential transactions
- the financial advisers on the USD 4.96bn IPO of DP World Limited and admission to trading on the Dubai International Financial Exchange - the largest IPO to date in the Middle East
- DP World on its acquisition of P&O
- Dubai International Capital on its acquisitions of Alliance Medical Holdings Limited, the Tussauds Group, and Almatis
- ING Bank N.V. London Branch as financiers to Istithmar, Dubai Aerospace Enterprises and Mubadala Development Company in the leveraged buy-out of the SR Technics Group
- Istithmar on its acquisitions of Inchcape Shipping Services Ltd and DV3 Properties Delake Limited
- Dubai Aerospace Enterprise on its purchase of 8 used Airbus A330 aircraft from Emirates in a sale and lease back deal
- Borse Dubai on its takeover of OMX and subsequent co-ventures with Nasdaq
- The consortium of TECOM Investments and Dubai Investment Group (both members of Dubai Holding) on their acquisition of a 35 per cent stake in Tunisie Telecom
- Mubadala Development Company on its joint venture with CapitaLand
