Mubadala Development Company, the Abu Dhabi-based investment and development company, is to acquire a 20 per cent interest in alternative investments specialist Investcorp.
The two-step transaction sees Mubadala acquire a 9.99 per cent ownership stake immediately, with a further 10.01 per cent following necessary regulatory approvals.
Mubadala’s investment strengthens Investcorp’s shareholder base, which includes major institutional investors from the UAE, Bahrain and Qatar, in addition to prominent individuals and family offices.
Mohammed Mahfoodh Alardhi, executive chairman of Investcorp, says: “Mubadala is one of the strongest and most respected investment companies in the GCC and globally, so today’s development is a significant milestone in the institutionalisation of our shareholder base.
“This investment is a validation of Investcorp’s blue-chip brand, our human capital, and our vision for the future. This is a positive step for our stakeholders, including our shareholders, investors and portfolio companies.”
Khaldoon Khalifa Al Mubarak, group CEO of Mubadala Development Company, adds: “We welcome the opportunity to become a shareholder in Investcorp. From an investment perspective, the stable and long term value-creation mission of Investcorp makes it a logical addition to Mubadala’s diverse financial investment portfolio.”
Founded in 1982 by Nemir Kidar, Investcorp provides clients with direct corporate investment (private equity) and real estate investment opportunities as well as a broad array of liquid alternative investment solutions from its offices in London, New York, Bahrain, Riyadh, Doha and Abu Dhabi.
