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Mubadala Investment Company acquires Verno Capital’s private equity advisory unit

Mubadala Investment Company, an Abu Dhabi Government owned company, has acquired Verno Capital’s private equity advisory unit to strengthen its internal investment and asset management capability across Russia and the CIS region.

 
The transaction sees a number of Verno employees transfer to Mubadala, who will now have a complete focus on Mubadala’s Russian portfolio and investment pipeline. This comes as Mubadala seeks to grow its Russia investment portfolio across multiple sectors.
 
Mubadala has been a major shareholder and investor in Verno Capital since 2010, deploying capital across Verno’s funds as well as using its investment advisory unit’s services to support transactions with other partners in the region.
 
Mubadala will continue to be a long-term investor and major shareholder in Verno, which currently has over USD1 billion in discretionary assets under management across public and private equity, and continues to strengthen its franchise across its core geographies. 

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