Two of Abu Dhabi’s largest sovereign investors have pledged £1.5bn ($1.9bn) in financing support for EQT AB’s proposed acquisition of UK-listed testing and assurance group Intertek Group, underscoring continued Gulf appetite for large-scale private equity transactions, according to a report by Bloomberg.
The report cites regulatory filings as showing that the commitments come from Abu Dhabi Investment Authority, which is providing £1bn, and Mubadala Investment Company, which is contributing the remaining £500m.
The funding forms part of EQT’s broader £9.3bn takeover bid for Intertek, a deal that would take the UK testing and inspection firm off the London public markets and into private ownership.
The transaction highlights the continued role of Middle Eastern capital in supporting leveraged buyouts of major European corporates, particularly as private equity firms seek large cornerstone investors to help finance increasingly sizeable acquisitions.
Both Abu Dhabi-based funds have remained highly active in global dealmaking, with mandates spanning private equity, infrastructure, credit and co-investments alongside leading international sponsors. Their participation in the Intertek deal follows a series of similar commitments to large cross-border transactions across Europe.
