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New York, USA/Abu Dhabi, UAE: Mubadala Capital, the wholly owned asset management subsidiary of Mubadala Investment Company, today announced the launch of a new business: Mubadala Capital Solutions, including an investment by Apollo (NYSE: APO) in its new evergreen Solutions strategy. The new platform offers bespoke solutions to investors, with a particular focus on institutional investors and family offices, and will invest globally across asset classes, providing access to a range of proprietary private market investment opportunities.

The Mubadala Capital Solutions platform is comprised of three fully integrated strategies to provide investors with access to a range of best-in-class fund managers and direct opportunities, including through tailored investment products.

The first strategy within the Mubadala Capital Solutions platform is a highly diversified evergreen investment product focusing on private market opportunities. The investment strategy has been seeded with a $2.7 billion diversified portfolio from Mubadala Capital’s balance sheet with features that include low volatility, meaningful embedded downside protection, an attractive cash yield on day one and the potential for strong asset appreciation over time. The strategy leverages Mubadala Capital’s access, existing infrastructure and track record to offer investors the opportunity to invest alongside Mubadala, the Sovereign Wealth Fund.

The second strategy is focused on Separately Managed Accounts, which provides investors with access to customized and tailored investment portfolios that meet their specific investment criteria, risk-appetite and liquidity requirements.

Finally, Abu Dhabi Catalyst Partners, a joint venture between Mubadala Capital and Alpha Wave, was recently integrated into Mubadala Capital, forming the third strategy within the new Solutions platform. Established in 2019, Abu Dhabi Catalyst Partners invests in top-tier investment firms and industry leading businesses that will benefit from developing a meaningful and sustainable presence in the Abu Dhabi Global Market. Launched with an initial allocation of $1 billion in 2019, Abu Dhabi Catalyst Partners now has c. $1.7 billion of assets under management.

Mubadala Capital Solutions is co-headed by Maxime Franzetti, a founding member of Mubadala Capital, and Fatima Al Noaimi, previously a senior member of Mubadala Capital’s Private Equity business.

Commenting on the launch of Mubadala Capital Solutions, Hani Barhoush, Managing Director and CEO of Mubadala Capital, said: “The launch of Mubadala Capital’s new Solutions platform builds on our track record of generating attractive risk-adjusted returns for investors through our various funds and investment strategies. This new platform will leverage the full breadth of our global network and existing portfolio to create tailored investments solutions, giving our partners access to proprietary investments that are not typically available through traditional investment channels.

Over the years, Mubadala has developed a deep, broad, and multi-faceted partnership with Apollo, and we are excited to expand that partnership into this new platform.”

Apollo Co-President Jim Zelter said: “Mubadala and Mubadala Capital are one of the most sophisticated investment partners and we are pleased to build on our longstanding relationship through this commitment. They have built an extensive global network and capabilities in private markets, which we believe offer tremendous long-term growth and opportunity.”

Mubadala Capital Solutions builds on Mubadala Capital’s three existing businesses across Private Equity, Venture Capital, and a special opportunities strategy in Brazil. The firm today manages c. $20 billion of assets in aggregate across its own balance sheet investments and in third-party capital vehicles on behalf of institutional investors. Mubadala Capital has offices in Abu Dhabi, London, New York, San Francisco and Rio de Janeiro.

Mubadala Capital Launches Capital Solutions Business, Apollo Makes Investment in New Strategy 

4 September 2023, Abu Dhabi, UAE – Mubadala Capital, the $20 billion global asset management firm, and Petrobras, the Brazilian integrated energy company, today signed a Memorandum of Understanding (MOU) that will see the two parties explore a potential investment by Petrobras into a biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil.

The MOU builds on an agreement signed in April 2023 between Acelen and the State of Bahia to develop a biorefinery project to produce renewable diesel and sustainable aviation fuel derived from Macauba, a native Brazilian crop.

Commenting on the signing of the MOU, Oscar Fahlgren, Chief Investment Officer and Head of Brazil at Mubadala Capital, said: “The production of renewable energy from agricultural crops that are native to Brazil is an innovative and exciting undertaking, with the potential to positively transform Brazil and the global energy landscape for generations to come. This agreement underscores Mubadala Capital and Petrobras’ shared commitment to energy transition, and we are excited to work alongside Petrobras to create a novel, carbon neutral, product that will speed up the transition into a sustainable future.”

Jean Paul Prates, Chief Executive Officer of Petrobras, added: “This memorandum of understanding is aligned with our strategic vision, which seeks to prepare Petrobras for a more sustainable future, and contribute to the success of our energy transition plans. We are excited to explore investment opportunities in this project, which we believe will further diversify Petrobras’s portfolio and support our goal of becoming emissions neutral by 2050.”

Mubadala Capital and Petrobras Sign Memorandum of Understanding to Explore Cooperation Opportunities in Biofuel Project in the State of Bahia

Abu Dhabi Catalyst Partners (“ADCP”), a joint venture between Mubadala Capital and Alpha Wave Global, with the mandate to support the development of Abu Dhabi Global Market (“ADGM”), today announced its partnership with A.P. Moller Capital P/S (“A.P. Moller Capital”), a value-add infrastructure fund manager focused on high growth markets, and part of the A.P. Moller Group.

This new investment in A.P. Moller Capital’s Emerging Markets Infrastructure Fund II (“EMIF II”) reinforces ADCP’s commitment to the development of the institutional financial ecosystem from its headquarters at the ADGM, and creates a partnership with a leading global infrastructure and logistics investor and operator. With this partnership, A.P. Moller Capital strengthens its commitment to the region, leading to potential growth opportunities in the years ahead.

A.P. Moller Capital strategically focuses on, among other areas, opportunities in upper middle market infrastructure investments in sectors such as transportation and renewable energy across the asset lifecycle, from greenfield developments to brownfield assets with growth opportunities.

As part of the A.P. Moller Group, A.P. Moller Capital benefits from over a century of knowledge, experience and insights the group has accumulated through investing in and operating scaled assets in logistics and transportation in diverse markets around the globe. A.P. Moller Capital has built a highly experienced team which brings together investors with decades of experience in industrial value creation from within the A.P. Moller Group, as well as global private equity and infrastructure investment firms.

Maxime Franzetti and Fatima Al Noaimi of Abu Dhabi Catalyst Partners said in a joint statement: “We are excited to begin our partnership with A.P. Moller Capital. The A.P. Moller Capital team are highly experienced investors in infrastructure in emerging markets with strong track records, and we are confident that they will add further global expertise, specialist capability and strategic relationships to the ADGM ecosystem. We believe there are many other potential areas of collaboration with A.P. Moller Capital and the wider A.P. Moller Group, and we look forward to continuing to build the A.P. Moller presence and brand in the ADGM.”

Abu Dhabi Catalyst Partners announces strategic partnership with A.P. Moller Capital 

<ul><li>Abu Dhabi Catalyst Partners, a joint venture between Mubadala Capital and Alpha Wave Global, takes an equity stake in MEASA Partners </li>
	<li>Transaction supports the ongoing development of Abu Dhabi’s growing financial ecosystem and aims to attract increased international institutional capital into the MEASA region</li>
</ul> 
Abu Dhabi Catalyst Partners (“ADCP”), a joint venture between Mubadala Capital and Alpha Wave Global, has made a strategic investment in MEASA Partners Ltd (“MEASA Partners”), an Abu Dhabi based investment company founded by Al Maskari Holding with the objective of attracting global institutional investors to participate in the Middle East – Africa – Southern Asia (“MEASA”) growth story. 
ADCP’s equity investment is aligned with MEASA Partners’ strategy of supporting the growth of the Abu Dhabi Global Market (“ADGM”) as a major financial centre. MEASA Partners, based in the ADGM, was established as an investment platform to develop institutional quality access strategies for the MEASA region by creating partnership vehicles with institutional anchor investors and asset class experts. ADCP’s Maxime Franzetti said in a statement: “We are excited to collaborate with MEASA Partners. Through this investment, we are looking to participate in the growth of an institutional-grade fund manager that has a clear vision for attracting global capital into the region’s most promising markets. We believe that Abu Dhabi in general, and the ADGM in particular, are natural homes for fund and asset managers focused on the MEASA region.” Nabyl Al Maskari, Chairman of MEASA Partners, said: “We are proud to have Abu Dhabi Catalyst Partners join us in developing institutional investment strategies for the region. Their backing is a strong vote of confidence in MEASA Partners and the ability of our experienced management team to unlock the region’s potential. By forming a partnership with ADCP we are not only extending our long-standing relationship with Mubadala Capital, but also reaffirming our joint commitment in positioning our home market of Abu Dhabi as the financial gateway to the MEASA region.” 
Among its numerous initiatives, MEASA Partners has co-launched the MEASA Stock Fund, a diversified quant fund focused on the MEASA region, as well as the Transition Investment Lab (TIL), the first Abu Dhabi public-private research initiative to create a centre of excellence for impact finance and ESG research. 
Drawing on its extensive institutional investment experience and research-backed approach, MEASA Partners is currently developing and launching new access strategies aimed at meeting the demands and criteria of institutional investors in the MEASA region.

Abu Dhabi Catalyst Partners makes a strategic investment in MEASA Partners

New York, USA/Abu Dhabi, UAE: Fortress Investment Group (“Fortress”) and Mubadala Investment Company, through its wholly owned asset management subsidiary Mubadala Capital (“Mubadala Capital”), today announced that they have entered into definitive agreements to acquire 90.01% of the equity of Fortress that is currently held by SoftBank Group Corp. (“SoftBank”), who have been the owners of Fortress since 2017. Terms of the deal were not disclosed, and the deal is subject to customary closing conditions and regulatory approvals.

After transaction close, Fortress management is expected to own a 30% equity interest in the company and will hold a class of equity entitling Fortress management to appoint a majority of seats on the board. Mubadala Capital (which currently holds a 9.99% stake in Fortress through its Private Equity Funds II and III), will own 70% of Fortress equity.

After the closing, Fortress will continue to operate as an independent investment manager under the Fortress brand, with full autonomy over investment processes and decision making, personnel and operations. Drew McKnight and Joshua Pack will be appointed co-CEOs of Fortress and Pete Briger will be appointed Chairman. Mubadala Capital’s CEO and Managing Director, Hani Barhoush, who has served on Fortress’ board since 2019, will continue to serve on the board.

Dean Dakolias will continue in his role as Managing Partner and Tom Pulley will continue in his role as the CEO of the global Fortress Real Estate business. Jack Neumark has been appointed a Managing Partner and will continue to lead the Legal Assets business and co-head the Specialty Finance business, and Marc Furstein will continue in his role as President. Fortress co-Founders Wes Edens and Randy Nardone will continue to oversee the PCV business and remaining PE investments, including Brightline.

Under the new joint ownership, Fortress is expected to generate significant value for its stakeholders by further establishing itself in the alternative investment space, particularly in credit and real estate across public and private markets, where it currently manages $46 billion of assets on behalf of more than 1,900 institutional investors and private clients. Fortress is expected to benefit from Mubadala Capital’s global network and extensive portfolio of diversified assets, as well as its access to proprietary investment opportunities to support its growth and expansion.

Fortress’ Pete Briger, Drew McKnight and Joshua Pack said in a joint statement: “We are extremely pleased to deepen our relationship with Mubadala, partnering with one of the world’s most sophisticated investors in a transaction that will provide significant long-term benefits to our company, our employees and the clients we serve. We have worked closely with Mubadala for years and have enormous respect for their investment acumen and discipline. We view Mubadala’s further investment as an affirmation of the business model and investment approach we have embraced for more than 20 years, and—at a time when market dynamics are better aligned than ever before with our experience and expertise— we could not be more excited about the future of Fortress.”

Hani Barhoush, CEO and Managing Director of Mubadala Capital, said: “Fortress is a world-leading investment manager with a proven track record of delivering superior risk-adjusted returns to its investors throughout business cycles. Over the last 20 years, they have built an incredible franchise and established themselves as a premier credit and asset investor while simultaneously growing investment strategies across a wide range of asset classes. We have a strong existing relationship with Fortress’ exceptional management team, and are excited to deepen the relationship further in the years ahead based on a strong alignment of vision, while delivering even greater value to our investors.”

The transaction is expected to close in the first quarter of 2024, subject to regulatory approvals.

Ardea Partners served as financial advisors and Shearman &amp; Sterling served as legal counsel to Mubadala.

Goldman, Sachs &amp; Co. LLC served as financial advisor and Kirkland &amp; Ellis served as legal counsel to Fortress senior management in the transaction. Skadden, Arps, Slate, Meagher &amp; Flom LLP represented Fortress in the transaction.

The Raine Group served as exclusive financial advisor and Morrison Foerster served as legal counsel to SoftBank.

Fortress Management and Mubadala to acquire Fortress Investment Group

PAI Partners (“PAI”), a pre-eminent private equity firm, today announces that it has made a binding offer to acquire The Looping Group (“Looping”), a leading pan-European leisure park operator, from Mubadala Capital’s Private Equity business and Bpifrance, the French national investment bank. Terms of the transaction were not disclosed.

Headquartered in Paris, Looping owns and operates 18 high-quality, local and regional leisure parks, including theme parks, waterparks, wildlife parks and aquariums, attracting over six million visitors a year. The group’s parks span eight European countries, including France, the UK, Spain, Switzerland, the Netherlands, Croatia, Germany and Portugal.

Under Mubadala Capital’s ownership, Looping has benefitted from significant growth investments to enhance its existing portfolio of properties and expand through highly accretive M&amp;A, all while building its value proposition to customers by providing high value and affordable experiences to families in a friendly and safe environment across Europe.

PAI would partner with Looping’s existing management team to drive further organic growth and add to the group’s portfolio of leisure parks. Here, PAI would draw on its expertise in the outdoor leisure industry, which includes past investments in B&amp;B Hotels, Roompot and European Camping Group, to further strengthen Looping’s position as the leading operator in its segment in Europe.

Looping would continue to be led by its experienced management team, including co-founders Laurent Bruloy and Stéphane Da Cunha, who would retain a significant shareholding in the business.

Bertrand Monier, a Partner at PAI Partners, said: “Looping is a young company with exciting prospects. Positioned in the resilient budget leisure segment, the group is well placed to benefit from long-term tailwinds that underpin the local leisure park market. We look forward to supporting the management team in further structuring the group for the next chapter of growth - and, importantly, to continue delivering an amazing visitor experience.”

Laurent Bruloy, CEO and co-founder of Looping, said: “We are delighted with the opportunity to welcome PAI Partners as a new investor in The Looping Group, a strategic match that would allow our group to accelerate its growth and achieve its full potential in the years to come. This transaction would benefit all stakeholders and marks an exciting new chapter as we continue on our path to becoming the undisputed European leader in regional leisure parks. I would like to thank Mubadala Capital and Bpifrance for their valuable contribution to the success of Looping over the past few years.”

Antoun Ghanem, Head of Mubadala Capital’s European Private Equity investment practice, said: “We have truly enjoyed partnering with Laurent and Stéphane, as well as Looping’s thousands of employees and millions of customers. The Looping management team has done a remarkable job in scaling the business and transforming their leisure parks to be amongst the best in Europe, including navigating a challenging COVID environment that reaffirmed the quality of the team and loyalty of its customer base. We are proud of what we have achieved together and are confident that Looping would continue to flourish with the support of PAI Partners in the years ahead.”

The contemplated transaction will be submitted to the relevant employee representative bodies of Looping and would be subject to antitrust approvals.

PAI Partners in final negotiations to acquire The Looping Group from Mubadala Capital

Mubadala Capital expands its investments into the Brazilian financial infrastructure market, with the aim to further develop regional capital markets 

Rio de Janeiro, Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, today announced the acquisition of a majority stake in Americas Trading Group (“ATG”), a leading Brazilian electronic trading infrastructure player. Financial terms of the deal were not disclosed. 
The capital injection from Mubadala Capital into ATG will further support the growth of the company’s product base and platform, allowing for new investments in state-of-the-art technologies.  

Oscar Fahlgren, Head of Mubadala Capital in Brazil, said: “Mubadala Capital continuously monitors opportunities to diversify its portfolio, and we have been evaluating the capital markets sector in Brazil for some time. This investment in ATG builds on previous ones we’ve made into this space, which we believe has significant growth potential in the years ahead. 
Our aim is to work alongside ATG to scale their business and enable greater access of their world-class integrated network of leading brokerage houses, institutional investors and asset managers to new markets and support the development of new technologies.”

The capital injection into the company occurred through an affiliate fund of Mubadala Capital, MC Brazil TCS Fundo de Investimentos em Participações Estratégias. The company’s previous sole shareholder, ETB fund, hired Angra Partners in December of 2020 to manage the fund and explore value creation alternatives. Angra Partners spearheaded the negotiations which resulted in the conclusion of this transaction.

Mubadala Capital concludes investment into Americas Trading Group 

Transaction builds on a long-standing relationship between the two organizations

Ardian, a world leading private investment house, and Mubadala Capital, the asset management arm of Mubadala Investment Company, today announced a new partnership that will see Ardian invest in a portfolio of high-quality private equity assets managed by Mubadala Capital, and in parallel Ardian will make a primary commitment to Mubadala Capital’s Private Equity funds.

Ardian and Mubadala Capital have built a strong relationship since forming a successful initial partnership in 2017, a milestone transaction that established Mubadala Capital as a third-party asset manager and represented the first time a sovereign wealth fund has managed capital on behalf of institutional investors. 

As part of this latest transaction, Ardian and Mubadala Capital curated a portfolio of ten limited partnership interests with a leading group of General Partners predominantly in North American and Europe, as well as six high-quality direct investments. All of the assets in the new portfolio were previously held on Mubadala Capital’s balance sheet following a successful spin-off from Mubadala Investment Company in 2021. 

Mubadala Capital’s private equity strategy focuses on direct investments in North America and Europe in core sectors where the team has a strong network and track record, including media, sports and entertainment, consumer and food services, financial services and business services.

"This transaction is the culmination of a highly collaborative and close working relationship with Mubadala Capital over the past five years. They are a well-respected team with an established track record, and this latest transaction is indicative of the importance we place on being a valuable long-term partner.” 

MARK BENEDETTI ● MEMBER OF THE ARDIAN EXECUTIVE COMMITTEE AND CO-HEAD OF ARDIAN US.

“We are proud to once again partner with a leading firm such as Ardian, with whom we have now been successfully working with for over five years and value the partnership tremendously. This transaction is a significant vote of confidence in our ability to create value for our investors and partners by executing against our strategy and differentiated approach to the private equity market.”

HANI BARHOUSH, ● MANAGING DIRECTOR AND CEO OF MUBADALA CAPITAL.

Evercore acted as exclusive financial advisor to Mubadala Capital on this transaction.

Ardian and Mubadala Capital announce US$2.1 billion private equity partnership transaction 

Funding will enable CERC to accelerate its investments to become a complete Financial Market Infrastructure provider, including Trade Repository, Central Depository, Clearing, Asset Tokenization Services, and Marketplace, and expanding its database intelligence services

São Paulo, Brazil, and New York, USA CERC, a leading financial market infrastructure provider in Brazil, announced the conclusion of its first tranche USD 67 million funding round led by Mubadala Capital, with follow-on investments from current shareholder Valor Capital. The second tranche may occur within 1 year, should the investors’ expectations be met.

With the funding round, CERC now has strong financial capabilities to accelerate its growth, invest in capital-intensive fields, and acquire strategic assets.

According to Fernando Fontes, CERC’s CEO, this is a strategic partnership, as Mubadala Capital is a reputable investor with a global presence. “A new strategic shareholder such as Mubadala Capital, who is committed to long term investments and has solid financial capabilities, reinforces CERC’s leading market position and strengthens its capital structure to continue investing and developing its infrastructure for a future IPO”, said Fontes.

Mubadala Capital considers its investment in CERC, a leading financial market infrastructure player in Brazil with proven experience and technology, an excellent opportunity to diversify its portfolio. “In spite of the challenging global macro-economic environment, there is significant capital available to invest in companies with solid fundamentals. Brazil is a global reference in terms of financial market infrastructure, not only in capital markets, but also in the credit market. CERC and Mubadala Capital share a common goal of contributing to the development of the Brazilian credit market by improving funding access for SMEs, which are key drivers for economic development”, added Oscar Fahlgren, Head of Mubadala Capital in Brazil.

CERC will use the funds to become a complete financial market infrastructure provider, which includes, in addition to its role as Trade Repository, the roles as Central Depository, Clearing, and Marketplace (under approval by the regulator) for all types of financial assets and fixed income securities, such as card receivables, trade receivables, agribusiness receivables, real estate receivables, asset backed securities, and others.

The funds will also be used to accelerate CERC’s plans to provide asset tokenization services, mainly carbon credit tokenization, ESG assets, and other traditional financial assets, as well as database intelligence services (analytics). Asset tokenization is one of the priorities for the Brazilian Central Bank, along with the digital currency (CBDC), to develop the financial system.

“Throughout our journey, we have helped to implement regulatory projects, we have supported the growth of several fintechs and startups, and we have fostered a new wave of trade repositories companies that, after decades of monopoly, are bringing competition and development to this sector. We have more than 30 million entities in our database, and we have already registered more than BRL 800 billion in financial assets, enabling a significant credit volume increase. We remain focused in our objective to help the credit market grow, empowering people and companies so that they can use their receivables to access credit lines, whenever and with whomever they want”, concluded Fernando.

CERC completes round of up to USD 100 million led by Mubadala Capital

Mubadala Capital, the global asset management firm and a wholly owned subsidiary of Mubadala Investment Company, one of the world's leading sovereign investors with a $284 billion portfolio, today announced that it has acquired AOG, LLC d/b/a TruFood Manufacturing ("TruFood"), in partnership with management. TruFood, a leading snack food contract manufacturer in several categories, is being acquired from funds affiliated with AUA Private Equity Partners, LLC. Financial details of the transaction were not disclosed.

Transaction Represents Significant Step in TruFood’s Evolution as a Leader in the “Better-for-You” Food Manufacturing Industry

Headquartered in Pittsburgh, Pennsylvania, TruFood is a formulator and manufacturer of a full range of products including nutrition bars, protein bars, chocolate moulded products, and baked nutrition. Its customer base is comprised of premier consumer packaged goods companies and retailers across the United States.

The acquisition is expected to deliver significant value to TruFood’s stakeholders, including its existing customers and employees, while bolstering the company's competitive advantage, increasing its market reach, advancing product development, and accelerating long-term growth.

"TruFood is an exceptional company that has firmly established itself as a market leader, a position it has achieved through a history of reliability, continuous innovation and consistently delivering superior products for its customers. Just as importantly, it has an experienced and dedicated management team and passionate employees who are committed to driving value for the company and all its stakeholders,” said Adnan Azam, Director at Mubadala Capital. “Even as a category leader, TruFood has significant growth potential and we are confident that access to our resources and network, combined with the synergies within the wider Mubadala Capital portfolio, will help the company reach even greater heights."

Pete Tsudis, CEO of TruFood, added: "TruFood remains laser focused on its goals and vision to lead the industry with unmatched innovation, a collaborative approach with our valued brand partners, and unparalleled food safety standards. As we look ahead into the next chapter for TruFood, we are thrilled to have the support of Mubadala Capital, a strong partner that believes in the leadership position we have achieved in the industry and the strength of our talented team.”

Tsudis also noted that “Mubadala Capital is committed to providing the resources and capabilities to continue advancing TruFood’s growth trajectory. We are confident this investment will enable us to drive innovation, better serve our customers and ultimately maximize our market position."

Mubadala Capital manages a diverse portfolio of investments across the globe, in particular within the consumer and food services space, where the company has invested approximately $2 billion over the past eight years. One recent example being Mubadala Capital’s investment in Thrive Foods, a leading player in the freeze-dried food sector.

"Today's announcement signals continued growth and an exciting opportunity for TruFood, our employees, and strategic partners," said Ted Schouten, President of TruFood. "Over the last three years, the company has successfully undertaken numerous strategic initiatives, including the acquisition and integration of Simply Natural Foods, the buildout of the TruFood Launchpad R&amp;D Center, the expansion of our manufacturing and production capabilities, the successful onboarding of key customers, and improvement in our financial performance. These achievements, and the conclusion of this transaction, are a clear testament to the outstanding performance of our entire TruFood team, and we thank them for their consistent hard work and dedication.”

Under the terms of the agreement, TruFood will remain a stand-alone business and will maintain the same TruFood identity and operational autonomy.

Akin Gump Strauss Hauer &amp; Feld LLP acted as legal advisors and William Blair as financial advisors to Mubadala Capital. McDermott Will &amp; Emery acted as legal advisors and Houlihan Lokey as financial advisors to TruFood.

Mubadala Capital to acquire TruFood

New York, USA: Mubadala Capital, the wholly owned asset management subsidiary of Mubadala Investment Company, today announced the entry into a definitive agreement to acquire Canada Cartage (the “Company”), a leading logistics platform that provides dedicated national fleet solutions, general freight services, managed transportation, fulfilment &amp; distribution, and home delivery services to some of Canada’s largest blue-chip companies in the grocery, food, retail, and e-commerce sectors.

Canada Cartage currently operates through a network of 33 facilities across Canada and is comprised of two business segments: Dedicated Transportation and Logistics. Canada Cartage’s Dedicated Transportation business provides its customers with expert management of their transportation needs, allowing them to realize cost efficiencies and reallocate resources towards core operations. This segment secures essential transportation and distribution services that are embedded into customer operations and are predominantly comprised of contracted partnerships with customers that in many cases span decades and multiple economic cycles.

The Company’s Logistics business provides asset-light supply chain solutions including freight management of both inbound and outbound goods, order and inventory management, warehousing, fulfillment, and final delivery to both B2C and B2B end-consumers.

Across both businesses, Canada Cartage is deeply integrated into its customers’ supply chains, which develops and maintains long-term client relationships and operating efficiency.

Adib Martin Mattar, Head of Private Equity at Mubadala Capital, said: “We have built our private equity business by partnering with exceptional management teams that run great companies. Canada Cartage is a prime example of both, and one that operates in a sector where we have significant expertise: business services. Since its founding in 1914, the Company has grown to play a critical role in Canada’s economy by supporting a wide range of essential sectors through economic cycles. The events of the last two years have reinforced how important it is to effectively manage the supply chain, for companies as well as consumers. We look forward to continuing to work with Canada Cartage’s management team, employees, and customers to build on the company’s strong legacy and support its next phase of growth.”

Habib Y Gorgi, Managing Director of Nautic Partners, noted: “We would like to thank the management team of Canada Cartage for their accomplishments over the past 15 years. During the course of our partnership, the team has performed exceptionally well in navigating through a variety of opportunities and challenges. We believe that the future is bright for Canada Cartage, and we are confident that the Company will continue to execute on its growth strategy in partnership with Mubadala Capital.”

Jeff Lindsay, President and CEO of Canada Cartage, added: “We have enjoyed exceptional growth since 2007 in collaboration with the team at Nautic Partners. Now we are excited to partner with Mubadala Capital to help us to continue building a world-class transportation and logistics business. Their team shares our vision of building an industry leader that focuses on innovative supply chain solutions, strong customer partnerships, and being a great place for people to work.”

Mubadala Capital is a differentiated and value-added investor that sources proprietary opportunities and actively leverages Mubadala Investment Company’s global network in its various business activities. Its highly disciplined and institutionalized process of evaluating investment opportunities provides unique advantages to the benefit of its investors.

Scotiabank is acting as exclusive financial advisor to Mubadala Capital and CIBC World Markets is acting as exclusive financial advisor to Canada Cartage. BMO Capital Markets, Bank of Nova Scotia and RBC Capital Markets acted as Joint Bookrunners and Co-Lead Arrangers for the financing provided to Mubadala Capital.

The transaction is subject to customary closing conditions, including receipt of Canadian regulatory approvals, and is expected to close in the next 60 days.

Mubadala Capital to acquire Canada Cartage, the leading short-haul trucking and logistics business in Canada

Mubadala Capital, the asset management arm of Mubadala Investment Company, today announced the acquisition of Medicina UniFTC Salvador and Unesulbahia. The two Brazil-based medical universities will form a new educational group that will be controlled by Mubadala Capital with the founding family continuing as minority shareholders of the newly formed company.

The new group does not include other educational programs on the Salvador Campus or the faculties and University Centers of the UniFTC Group in other cities, which will remain under their current ownership.

“With the investment from Mubadala Capital, the new group, comprised of the Unesulbahia campus in Eunápolis and Medicina de Salvador, will be a key education group of nationwide relevance with a successful pedagogical approach that has already been approved with the highest score by the Ministry of Education”, says William Oliveira, member of the Board of Directors and family representative in the new educational group.

The CEO of the new institution is Thiago Sayão, an industry professional with extensive experience in managing educational institutions. Sayão highlights that the academic guidelines and the current pedagogical project remain unchanged and that the entry of Mubadala Capital, an investor with long-term perspective, will be very positive for the students. “In addition to a specific focus on Medicine, we will have a continuous evolution of our academic quality”.

Sayão, who has more than 20 years of experience in the education field, says that the program developed by Medicina UniFTC, known for its academic excellence and focus on the students, was key in his decision to join forces with Mubadala Capital on this nationwide project to invest in institutions capable of offering a unique academic training.

Oscar Fahlgren, Head of Mubadala Capital Brazil, is optimistic about the new project and says that the education sector has a bright future in Brazil. “We see this business as an excellent opportunity, and we could not have a better partner in delivering this educational project in Brazil. The team is exceptional, and the possibilities are endless for Mubadala Capital, for the new educational institution, and especially for the students”, concludes Oscar Fahlgren.

Medicina UniFTC and Unesulbahia

At Medicina UniFTC Salvador, students have access to cutting-edge technology, which ranges from real-life simulations, augmented virtual reality, in addition to clinics and laboratories equipped with state-of-the-art equipment. More than 5,000 patients are seen per month at the UniFTC Clinic, at Paralela, a healthcare facility that is also a reference in specialized healthcare for several cities in the countryside of Bahia.

With the largest number of residency openings among private institutions in Salvador, Medicina UniFTC has agreements for internships at local hospitals, health departments, in addition to housing an Ambulance Service (SAMU) unit within the campus. The institution also has an agreement with Fiocruz, which conducts national and international clinical research.

Practices in courses offered by Medicina UniFTC and Unesulbahia are permanently enhanced through the Structuring Teaching Center, a group made up of 16 medical professors with renowned academic background and extensive professional experience.

Unesulbahia is located in Eunápolis, 522 km from Salvador and currently offers nine undergraduate courses: Medicine, Biomedicine, Nursing, Pharmacy, Physiotherapy, Dietetics and Law.

About the UniFTC Network:

Throughout its 22 years’ history, the UniFTC Network has trained more than 90,000 students, over 1,200 of which in Medicine. With a well-established regional presence, the group currently runs faculties in four states.

In Bahia, there are units in Salvador, Feira de Santana, Vitória da Conquista, Itabuna, Jequié, Camaçari, Porto Seguro and Juazeiro, in addition to Eunápolis, which is now part of the new corporate structure. In Pernambuco, in Caruaru and Petrolina; in Sergipe, in Nossa Senhora do Socorro, and, in Ceará, in Caucaia.

The UniFTC Network offers 18 graduate programs, excellent partnerships in Graduate Studies, a number of extension projects that serve the community and has already been granted more than 180 awards. As a reference center in science, technology and healthcare, the institution spreads knowledge in an innovative, disruptive, and meaningful way, truly shaping a bright future for its students.

The UniFTC Network is not part of the new group formed by Mubadala Capital and the founding family.

About Mubadala Capital

Mubadala Capital is the asset management arm of Mubadala Investment Company, a $284 bn global sovereign investor headquartered in Abu Dhabi. In addition to managing its own balance sheet investments, Mubadala Capital manages c. $11 bn of third-party capital on behalf of institutional investors in its four businesses, including two funds in Brazil focused on special situations, three private equity funds, three early-stage venture funds and a public fund.

Mubadala Capital announces acquisition of controlling stake in Medicina UniFTC Salvador and Unesulbahia

Mubadala Capital has established a track record of successfully investing in category leaders across sports, media, and entertainment

Queensland, Australia/Abu Dhabi, UAE : Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, one of the world’s leading sovereign investors with US$243 billion of assets under management, today announced its investment in SX Global, an Australian company established to develop, promote, and commercialize the FIM Supercross World Championship.

Mubadala Capital has established a track record of successfully investing in category leaders across sports, media, and entertainment—including EMI Music Publishing, Endeavor Group Holdings, Reigning Champs, Ultimate Fighting Championship (UFC) and the Yankees Entertainment and Sports Network (YES Network), among others—and this investment continues its history of backing world-class management teams in building differentiated global sports, media and entertainment businesses.

Mubadala Capital’s investment will support SX Global’s expansion plans for supercross and its efforts to capitalize on the exclusive rights it has secured from the Fédération Internationale de Motocyclisme (FIM) to manage and promote the new FIM Supercross World Championship, bringing the exciting sport of off-road motorbike racing to fans across the globe in a new competitive format.

“Our commitment to SX Global and the FIM Supercross World Championship builds on our strategy and track record of selectively investing in premier content properties with strong global appeal,” said Adib Martin Mattar, Head of Private Equity at Mubadala Capital. “We expect that our investment in SX Global will introduce the exciting sport of professional supercross to a global audience and build lasting value by delivering an authentic, exciting and fan-centric experience.”

SX Global’s President, Tony Cochrane, added, “We’re proud to partner with Mubadala Capital, a company that shares our vision and global aspirations for the FIM Supercross World Championship. With the international reach, resources, and business building experience of Mubadala Capital alongside us, we’re looking forward to establishing FIM Supercross World Championship as a leading global motorsport and entertainment property.”

Representing Mubadala Capital on the SX Global Board of Directors will be Matt Kim and Russ Pillar, who collectively bring decades of experience backing and leading global sports, media, and entertainment companies. They will be joining Tony Cochrane, SX Global’s President; Adam Bailey, SX Global’s Managing Director (Motorsport); Ryan Sanderson, SX Global’s Managing Director (Commercial); Tom Potter, Rush Sport &amp; Entertainment; and Tavo Hellmund, Founder, Event Partners Marketing, on SX Global’s Board of Directors.

In December 2021, the FIM awarded SX Global the exclusive organisational and commercial rights to stage, manage and promote the FIM Supercross World Championship. Under the leadership of the SX Global Team, and with the financial backing and support of Mubadala Capital, Supercross will become a true global sports property, competing on a legitimate international platform for the first time in history. The FIM Supercross World Championship will commence in late 2022.

Mubadala Capital backs SX global to launch new FIM supercross world championship

The Brazil Special Opportunities Fund brought together a group of like-minded global institutional investors to capitalize on an attractive market opportunity in Brazil with a highly differentiated strategy

14 February 2022 - New York, USA: Mubadala Capital, the asset management subsidiary of Mubadala Investment Company (“Mubadala”), has closed its first fund in Brazil, Brazil Special Opportunities Fund I (“BSOF I”), with total commitments of $322 million. BSOF I raised capital from a diverse set of global investors, including a leading public pension fund, family offices, corporates, private equity funds and asset managers across North America, Europe, the Middle East and Asia.

Oscar Fahlgren, Head of the Brazil strategy at Mubadala Capital, said: “We began investing in Brazil almost 10 years ago and over that time we have built a highly talented team with a differentiated approach to the market underpinned by maximizing upside while simultaneously mitigating risk. The closing of BSOF I represents a major milestone for the Brazil team and for Mubadala Capital. To have the opportunity to partner with a group of leading institutional investors from across the world is both a privilege for us and a meaningful vote of confidence by the market in our ability to originate compelling new investment opportunities and create value across our portfolio in order to deliver strong returns to our investors.”

BSOF I is focused primarily on control positions in mature companies that are facing some form of financial or legal distress but where the underlying business fundamentals are compelling. This strategy enables BSOF I to acquire businesses at attractive entry prices, creating a margin of safety at the closing of the transaction that reduces BSOF I’s dependency on Brazil’s economic cycles including currency depreciation while retaining the upside exposure associated with a growing economy.

Mubadala Capital is a differentiated and value-added investor that is able to source proprietary investment opportunities on a global basis while actively leveraging the Mubadala network in its various business activities. Its highly disciplined and institutionalized process of evaluating investment opportunities provides unique advantages to the benefit of its investors.

Mubadala Capital manages over $10 billion of assets in third-party managed funds across its Brazil, private equity, public equities and venture capital businesses, and Mubadala was the first sovereign wealth fund to manage third-party capital on behalf of other institutional investors. The growth of Mubadala Capital as a global asset management firm with headquarters in Abu Dhabi and a focus on international investment activities is a further testament to Mubadala’s entrepreneurial approach to business building and a continued diversification away from a reliance on natural resources.

About Mubadala Capital 
Mubadala Capital is a wholly owned asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi. In addition to managing its own balance sheet investments, Mubadala Capital manages over $10 billion of third-party capital on behalf of institutional investors in all of its businesses, including two funds in Brazil focused on special situations, three private equity funds, two early-stage venture funds and a public fund.

For media inquiries, please contact: 
Salam Kitmitto <a href="mailto:sakitmitto@mubadala.ae">sakitmitto@mubadala.ae</a> 
+971 50 276 9286

Mubadala Capital Holds a Successful Final Close on its First Investment Fund in Brazil

Chicago, IL, USA/Abu Dhabi, UAE : Entrepreneurial Equity Partners (“e2p”), a Chicago-based private equity firm focused on the food and consumer packaged goods industries, and the Private Equity business of Mubadala Capital, an Abu Dhabi-based asset management subsidiary of Mubadala Investment Company, today announced that they have completed an investment in Mercer Foods (“Mercer”) and Thrive Foods (“Thrive”). The combination of the two businesses creates a North American market leader in freeze-dried products. The new platform will serve a variety of end markets including fruits and vegetables, proteins, pet treats, probiotics, enzymes, and prepared meals. Financial terms of the transactions were not disclosed.

Founded in 1980 and headquartered in Modesto, CA, Mercer is a leading provider of natural freeze-dried fruits and vegetables. The company’s clean-label offerings have broad applications across the food service, CPG, and retail channels. Mercer is an industry leader in freeze-dried innovation and supports its blue-chip customer base through a dedicated R&amp;D team and best-in-class quality and service. 

Founded in 2004 by Steve Palmer and Jason Budge, Thrive is a leading manufacturer of freeze-dried proteins, pet treats, probiotics, enzymes, and prepared meals. Thrive serves as a technical expert and flexible manufacturing partner for its customers. Additionally, the company has a strong stable of high-growth, proprietary brands including Thrive Life and PEAK Refuel.  

“We have been targeting this segment for nearly three years and are excited to simultaneously combine two freeze dry businesses at the outset of our investment,” said Ryan Schweet, e2p Partner. “The freeze dry sector continues to be highly fragmented, and we look forward to partnering with Mubadala Capital to support the Mercer and Thrive teams in building a diversified market leader that will enable us to better service our customers.”

Adnan Azam, Director at Mubadala Capital, added: “We are thrilled to bring together these two great businesses and add to our portfolio of market-leading investments in the consumer and food services space. Both companies have built market-leading positions in their respective end markets and the combination will create a clear category leader of scale with opportunities to grow outside of its home market by leveraging our capabilities in the food space and the Mubadala Capital network more broadly.”

Mercer’s CEO, Rik Jacobs, said: “This investment represents a new chapter in the continued development of our business. We are excited to partner with Thrive to build an even better combined company. e2p and Mubadala Capital are committed to providing us with the necessary expertise and resources to support and accelerate our continued growth.” 

“I’m excited about what lies ahead with this partnership. We have always admired Mercer’s expertise in fruits and vegetables and believe Thrive’s focus on probiotics, proteins, and prepared meals rounds out a complete product offering for our customers,” commented Thrive’s Founder, Steve Palmer.

Entrepreneurial Equity Partners and Mubadala Capital Private Equity Invest in Mercer Foods and Thrive Foods

Rio de Janeiro, November 30, 2021 – This afternoon, an affiliate of Mubadala Capital and Petrobras concluded the transfer of ownership of the Mataripe Refinery (formerly known as RLAM) to Acelen. The parties signed the sales contract in March of this year and sale transaction was completed today.

The Refinery will be controlled by Acelen – a company created by Mubadala Capital to manage the asset – and will be supported by Petrobras via a services agreement during transition period

Acelen, the company created by Mubadala Capital to operate the asset, will take over the management of the Mataripe Refinery and its related logistics assets on December 1. Acelen will continue to supply the regional refined products market and is committed to promoting investment, generating new business opportunities thereby contributing to the development of both Bahia and Brazil.

"We believe that this new phase will offer opportunities for growth and further investments so that the refinery can increase its capacity and diversify the production. Our goal is to create value: to generate healthy competition to serve the local market and benefit society," said Oscar Fahlgren, president of Mubadala Capital in Brazil.

Acelen was created to be a significant player in the energy sector, with the capacity to process more than 300 thousand barrels of oil per day, the equivalent of 14% of Brazil's total refining capacity. Furthermore, Acelen is the largest industrial producer in Bahia and accounts for a material share of taxes collected in the state.

Lead by a team with extensive experience in the oil &amp; gas, fuel distribution, bioenergy, chemical and petrochemical sectors, Acelen's founding principle is respect for people and the refinery’s long standing legacy of more than 70 years.

"The Mataripe Refinery has deep historical ties with Bahia and we are proud of this legacy. We will invest and work to modernize processes and increase production capacity, thereby generating new opportunities and strengthening the entire oil production chain," said Luiz de Mendonça, CEO of Acelen.

Petrobras and Transpetro will continue to provide services to Acelen

Acelen has hired with Petrobras and Transpetro to provide transitional services related to the operation of the refinery and its logistics assets, thereby permitting a safe and seamless transition.

"Acelen has been preparing for this transition for months, mapping operational processes and the entire supply chain. The company places great value on the experience of Petrobras employees and hopes to continue counting on the entire frontline operational team once the contract with Petrobras ends," said Luiz de Mendonça.

Located in the Mataripe district of São Francisco do Conde and inaugurated in 1950, RLAM was the first refinery in Brazil and represents an economic and industrial milestone for the country. It is currently the second largest in Brazil, with the highest installed capacity for production of gasoline, diesel and other oil derivatives in the country's North and Northeast.

It has 26 processing units, 4 terminals and 201 storage tanks, in addition to 669 kilometers of pipeline connecting the refinery to port terminals. The complex produces more than 30 products, including diesel, gasoline, aviation kerosene (QAV), asphalt, petrochemical naphtha, petrochemical gases (propane, propane and butane), paraffins, lubricants, LPG and fuel oils (industrial, thermal and bunker).

The refinery was the engine behind the planned development of the first petrochemical complex in Brazil and is located in the largest industrial complex in the Southern Hemisphere, the Camaçari Industrial Hub, composed of more than 90 companies.

Acelen's investments in safety, environmental education and professional capacitation will seek to attract more entrepreneurs to Bahia and create new opportunities for work and income generation in the region.

About Mubadala Capital 
Mubadala Capital is the asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi. In addition to managing its own balance sheet investments, Mubadala Capital manages c. $9bn of third-party capital on behalf of institutional investors in all of its businesses, including two funds in Brazil focused on special situations, three private equity funds, two early stage venture funds and a public fund.

About Acelen 
Acelen is the newest owner of the Mataripe Refinery. The pillars underlying its strategy include operational excellence, generation of opportunities and respect for people and the environment. Acelen's priorities also include continuing to supply oil derivatives to the domestic market, maximizing the use of its assets and investments in expansion and modernization.

This press release contains forward-looking statements which can be identified by words such as: "intend," "plan," "goal," "seek," "believe," "project," "expect," "future," "should," "will" and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance and are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated e vents and trends, the economy and other future conditions. Our actual results, financial condition and prospects may differ materially from those indicated in the forward-looking statements.

Learn more at <a href="https://www.acelen.com.br/" target="_blank">acelen.com</a>

Mubadala Capital Takes Control of the Mataripe Refinery in Bahia

Mubadala Investment Company (“Mubadala”), the Abu Dhabi-based sovereign investor managing a global portfolio of assets valued at US $243 billion, today announced the formal commencement of operations of Mubadala Capital as a wholly owned asset management subsidiary within Mubadala’s Disruptive Investments portfolio.

Established in 2011, Mubadala Capital has grown significantly in scale over the past decade, and today manages over US $15 billion of assets, including over US $9 billion in third-party capital vehicles on behalf of over 50 institutional investors.

Mubadala Capital, which is headquartered in Abu Dhabi and has offices in New York, London, San Francisco, and Rio de Janeiro, comprises four integrated businesses - private equity, public equities, venture capital, and a Brazil focused business.

While Mubadala Capital is now operating as an asset, it remains fully owned by Mubadala, enabling it to leverage the scale and network of its sovereign parent, while enhancing its focus on delivering long-term value for its investors and partners.

Hani Barhoush, CEO of Mubadala’s Disruptive Investments platform, and CEO and Managing Director of Mubadala Capital, said: “Mubadala Capital has a proven track record of sourcing proprietary investment opportunities and generating attractive risk-adjusted returns, while building trusted long-term partnerships with leading institutional investors. By operating as a wholly owned asset, we will be able to accelerate the growth of Mubadala Capital and more rigorously pursue our highly focused investment strategies, while continuing to invest both through our own balance sheet and on behalf of our external investors.”

Mubadala Capital currently manages three private equity funds, two early-stage venture funds, a long-biased public equities fund and two Brazil special opportunities funds, with its combined holdings encompassing a global portfolio of assets across a wide range of sectors and geographies.

Mubadala Capital commences operations as a wholly owned asset management subsidiary of Mubadala Investment Company

Mubadala Capital, the global asset management subsidiary of Mubadala Investment Company, the Abu Dhabi-based sovereign investor managing a $243 billion portfolio, today announced that Lee Wanie, CFA, has joined the company to lead distribution efforts on a global basis across its Private Equity, Public Equities, Venture Capital and its Brazil focused investment business.

Wanie has more than 20 years of investment management experience on global platforms.

Hani Barhoush, Managing Director and CEO of Mubadala Capital, said: “Mubadala Capital has firmly established itself as a global asset management business with a reputation for delivering exceptional returns for our investors and building long-standing institutional partnerships with our Limited Partners, portfolio companies and management teams. We are excited that Lee is joining Mubadala Capital at a transformational time for our business, which is not only growing rapidly but also carving out a unique identity as the only wholly owned subsidiary of a sovereign wealth fund managing capital on behalf of other institutional investors. Lee’s record of accomplishments, leadership, business development and talent management, will be an invaluable resource to our organization as we continue to build a first-class distribution function.”

Wanie added: “I am thrilled to join Mubadala Capital at a pivotal point in its journey of building a truly global asset management business. The company today is working on an array of exciting initiatives across all its businesses, and I intend to build on a legacy of measured risk

Mubadala Capital Hires Lee Wanie as New Head of Sales and Distribution

Mubadala Capital, the Abu Dhabi-based asset management subsidiary of Mubadala Investment Company, one of the world’s leading sovereign investors with US $243 billion of assets under management, today announced the acquisition of K-MAC Enterprises (“K-MAC”) from Lee Equity Partners Opportunities Fund in partnership with the existing management team.

Founded in 1964, K-MAC has established a strong track record of growth through a combination of new store openings and strategic acquisitions. Today, K-MAC operates over 300 Taco Bell restaurants, primarily located in the Midwestern and Southern United States and represents approximately 4% of the entire Taco Bell system, the industry leader in the Mexican quick service restaurant (“QSR”) space.

Commenting on the acquisition, Adib Martin Mattar, Head of Private Equity at Mubadala Capital, said: “The management team at K-MAC are among the best operators we have come across as an organization, and we could not be happier to partner with them to drive K-MAC’s next phase of growth. They have built an exceptional business with a 40-year track record of innovation alongside the Taco Bell brand, as well as industry-leading operating performance that we are collectively looking to leverage across new concepts and formats to better serve each of their key demographics. Their expertise is perfectly suited to capitalize on value creation opportunities that can be found within our existing portfolio of consumer and food services assets as well as our global network.”

Tina Reagan, Chief Operating Officer at K-MAC, said: “Mubadala Capital brings a unique network and new perspective to this partnership, and we are delighted to partner with an organization that understands us as a management team, the value of operating excellence and the importance of our employees. This is an exciting time for our business as we seek to build upon a loyal customer base to drive value through increased use of technology and digital presence alongside our new partner, Mubadala Capital.”

Mubadala Capital has significant experience in the Food and Beverage space, having invested approximately US $1.8 billion over the past seven years in this sector. Recently, Mubadala Capital led a US $700 million investment round into REEF Technology, a US-based proximity-as-a-service platform enabling and accelerating the growth of the North American on-demand economy underpinned by food delivery with a portfolio that includes a number of leading QSR restaurant concepts in the United States.

Goldman Sachs advised Mubadala Capital on this transaction, and Bank of America and North Point advised the sellers.

Mubadala Capital acquires K-MAC Enterprises, the second largest Taco Bell franchisee in the United States

Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, has closed its third Private Equity fund, MIC Capital Partners III (“Fund III”), with total commitments of $1.6 billion. Fund III surpassed its initial target and raised capital commitments from a diverse set of new and existing investors including leading pension plans, endowments, insurance plans, government institutions, family offices and private equity firms across North America, Europe, the Middle East and Asia.

Adib Mattar, Head of Private Equity at Mubadala Capital, said: “We began our Private Equity investment practice 13 years ago. The closing of Fund III represents a major milestone for the Private Equity team and also for Mubadala Capital. To have the opportunity to partner with a group of leading institutional investors from across the world is both a privilege for us and a meaningful vote of confidence by the market in our ability to originate compelling new investment opportunities, partner with leading management teams and create value across our portfolio in order to continue delivering strong risk-adjusted returns to our investors.”

Mubadala Capital’s Fund III is focused on direct investments in North America and Europe across the following core sector areas where the team has a strong network and track record including: i) Media, sports and entertainment; ii) Consumer and food services; iii) Financial services; and iv) Industrials and business services. To date, Fund III consists of approximately $1.4 billion of investments across nine high-quality assets including REEF Technology, a proximity-as-a-service platform enabling and accelerating the growth of the North American on-demand economy; YES Network, the leading Regional Sports Network in the New York and Tri-State area; and Peterson Farms, the leading processor of fresh-cut apples, quick-frozen fruit products and not-from concentrate juice in the United States, among others.

“The success of our Private Equity business demonstrates the strength of Mubadala Capital and its strategy of generating attractive risk-adjusted returns by combining the benefits of our sovereign ownership whether through i) sourcing opportunities; ii) the ability to leverage resources during diligence; or iii) value creation as an owner, with a highly focused investment strategy and a well-aligned and motivated team.” Mattar added. “These efforts are supported by a disciplined and robust investment process focused on capital preservation and downside protection.”

Mubadala Capital opened offices in New York and London in order to better capitalize on investment opportunities and portfolio management in its key markets as well as engage more meaningfully with its global investor base.

Mubadala Capital is a differentiated and value-added investor that is able to source proprietary opportunities on a global basis and actively leverage the Mubadala network in its various business activities. Its highly disciplined and institutionalized process of evaluating investment opportunities provides unique advantages to the benefit of its investors.

Mubadala Capital manages c. $9 billion of assets in third-party managed funds across its private equity, public equities, venture capital and Brazil businesses, and is the first sovereign wealth fund to manage third-party capital on behalf of other institutional investors. The growth of Mubadala Capital as a global asset management firm with headquarters in Abu Dhabi and a focus on international investment activities is a further testament to Mubadala’s entrepreneurial approach to business building and a continued diversification away from a reliance on natural resources.

Mubadala Capital Closes Private Equity Fund III with Total Commitments of $1.6 billion

Mubadala Capital, the asset management subsidiary of Mubadala Investment Company (“Mubadala”), the global sovereign investor managing a $243 billion portfolio, today announced a significant investment into its Private Equity business led by BlackRock’s Secondaries and Liquidity Solutions group (“BlackRock”) and a consortium of global institutional investors.

The BlackRock-led consortium’s investment was made into a portfolio of assets currently managed by Mubadala Capital, in addition to a $400 million commitment into Mubadala Capital’s third private equity fund (“Fund III”). Fund III recently exceeded its fundraising target and held its final close at $1.6 billion.

The partnership between Mubadala Capital and BlackRock was formed in parallel with the successful final close of BlackRock’s $3 billion Secondaries &amp; Liquidity Solutions (“SLS”) strategy, which is among the largest fundraises for an inaugural private equity secondaries strategy globally to date. BlackRock’s SLS strategy aims to lead and invest opportunistically in mid-sized secondary transactions, and SLS led this transaction with significant interest and involvement from various strategic partners and co-investors. BlackRock’s team developed conviction around Mubadala Capital and the underlying portfolio, which BlackRock believes will be a key and core investment in its SLS strategy.

Adib Martin Mattar, Head of Private Equity at Mubadala Capital, said: “BlackRock’s institutional approach to underwriting and partnership-orientation has helped create what we expect to be a landmark transaction, especially in a highly uncertain market environment. We are looking forward to a long-term partnership with BlackRock SLS and all participating investors.”

Veena Isaac, Managing Director of the BlackRock Secondaries and Liquidity Solutions team, said: “Completing this investment was highly collaborative between BlackRock, our partners and Mubadala Capital. We look forward to being a Limited Partner and continuing to explore further ways to collaborate with Mubadala Capital in what is clearly a highly differentiated investment platform that has demonstrated an ability to leverage its sovereign access and network for the benefit of its investors.”

Mubadala Capital manages c. $9 billion of assets in third-party managed funds across its private equity, public equities, venture capital and Brazil businesses, and is the first sovereign wealth fund to manage third-party capital on behalf of other institutional investors. The growth of Mubadala Capital as a global asset management firm with headquarters in Abu Dhabi and a focus on international investment activities is a further testament of Mubadala’s entrepreneurial approach to business building and a continued diversification away from a reliance on natural resources.

In addition to successful exits in EMI Music Publishing and Restaurant Brands International, Mubadala Capital has a strong track record of strategically leveraging the secondary market to seek attractive returns for its existing investors and to forge new relationships with leading firms such as BlackRock.

Mubadala Capital and BlackRock Form Partnership Across Private Equity Funds

BDT Capital Partners (“BDT”), Mubadala Investment Company and its asset management subsidiary, Mubadala Capital (together “Mubadala”), today announced the transaction close of the acquisition of Culligan International (“Culligan”), the global leader in sustainable water solutions and services.

BDT Capital Partners, LLC (“BDT”), affiliated with BDT &amp; Co., LLC, a merchant bank that provides closely held businesses with long-term, differentiated capital, along with strategic co-investing families and institutions, acquired a majority interest in Culligan from Advent International and Centerbridge Partners in a transaction that was first announced in May 2021. Mubadala provided a significant capital commitment as an anchor partner in the transaction. Advent will also retain a minority stake in Culligan going forward. Financial terms of the transaction were not disclosed.

“We are pleased to announce the closing of the acquisition of Culligan, a leader in the consumer water treatment and sustainable water solutions market led by CEO Scott Clawson and an exceptional management team,” said San Orr, President of BDT Capital Partners. “We are also pleased to have Mubadala invest alongside us in this transaction given their global presence, long-term capital and our deep relationship with them since the founding of BDT.”

Adib Mattar, Head of Private Equity at Mubadala Capital, added: “We have built our Private Equity business around identifying world class management teams that operate market leading businesses. Culligan is a prime example of adhering to this strategy and pairs well with our interest in profitably investing in businesses where ESG is at the core of their value proposition to the market, namely the delivery of clean drinking water on a global basis and reducing the use of single use plastic bottles through innovative water solutions, among others. We have been successfully partnering with BDT since their founding and look forward to continuing to build on that relationship with this latest investment.”

Culligan was founded by Emmett Culligan in Illinois, USA in 1936 and sells products and services for water filtration and treatment around the globe. Today, Culligan is the largest player in the sector with over 35 brands in 90 countries. Culligan Middle East established a presence in Dubai over 20 years ago and has since grown to be one of the largest and most diverse water treatment companies in the Gulf region.

Today, Culligan Middle East operates through facilities in Abu Dhabi, Dubai, Sharjah and Qatar. In 2014, Culligan Middle East opened a new Manufacturing facility in Dubai Techno Park. This 10,000m2 site is a purpose-built, integrated manufacturing, sales and service center, including facilities for equipment fabrication, chemical blending and water bottling.

BDT Capital Partners and Mubadala Strengthen Partnership with Acquisition of Culligan International

Mubadala Investment Company (“Mubadala”), today announced that it has joined Silver Lake and other investors including the Canada Pension Plan Investment Board, Magna International, and Andreessen Horowitz as part of a consortium to invest a total of $2.25bn in Waymo, the self-driving technology company owned by Alphabet, the parent company of Google.

Waleed Al Mokarrab Al Muhairi, Mubadala’s Deputy Group CEO and CEO of Alternative Investments and Infrastructure, commented: “Mubadala has built a strong portfolio of technology companies which are transforming sectors that are large, significant, and global. The investment in Waymo, and partnership with Alphabet, is based on our conviction that autonomous technologies will revolutionize mobility and transportation over the next decade. In addition to partnering with one of the world’s leading technology companies, this is about investing and backing one of the strongest management and technical teams in the industry. “

John Krafcik, CEO of Waymo, added: "We've always approached our mission as a team sport, partnering with Alphabet, our business partners, and the communities we serve to build and deploy the world's most experienced driver. Today, we're expanding that team, adding financial investors and important strategic partners who bring decades of experience investing in and supporting successful technology companies building transformative products. With this injection of capital and business acumen, alongside Alphabet, we’ll deepen our investment in our people, our technology, and our operations, all in support of the deployment of the Waymo Driver around the world.”

Egon Durban, Co-CEO of Silver Lake, concluded: “Waymo is the proven leader in self-driving technology, is the only autonomous vehicle company with a public ride-hailing service, and is successfully scaling its fully driverless experience. We’re deeply aligned with Waymo’s commitment to making our roads safer, and look forward to working together to help advance and scale the Waymo Driver in the U.S. and beyond.”

The latest investment round follows a recent series of major operational and technical milestones achieved by Waymo. Its vehicles have now self-driven more than 20 million miles on public roads across over 25 cities, and over 10 billion miles in simulation. Engineers and technicians at Waymo’s Detroit factory, the world’s first factory dedicated to the mass production of L4 autonomous vehicles, have shipped the first vehicles (electric cars and Class 8 trucks) integrated with the fifth generation of hardware, providing all-new, more powerful computing and more capable sensing.

Waymo One, the world’s first public self-driving ride-hailing service, serves thousands of customers in Arizona, and has already provided thousands of fully driverless rides in a high-speed mixed usage market area larger than San Francisco. The Waymo Driver is now deployed across a variety of vehicle platforms and business applications, including Waymo Via, which is focused on all forms of goods delivery.

Since 2008, Mubadala has been an active investor in advanced technology, and today has global presence with offices in Abu Dhabi, London, New York and San Francisco. On the growth side, Mubadala has partnered with leading technology growth funds.

Mubadala invests in autonomous, self-driving technology company Waymo

Mubadala Investment Company (Mubadala) of Abu Dhabi, today announced its intent to create a $400 million fund to invest in leading European technology companies. The fund will be managed by Mubadala Ventures, the venture capital arm of Mubadala. SoftBank Group will participate as a strategic investor via its SIMI US Holdings I, Inc. investment subsidiary. The fund will target founder-led, high growth technology companies with global scale and impact.

The announcement was made during London Tech Week, a week-long festival of technology and innovation focused on creating new innovative investment opportunities in the UK.  The fund will work closely with early-stage UK and other European funds. As part of its European strategy, Mubadala Ventures will expand its fund of funds program and invest in both established and emerging fund managers across the continent.

Through the European fund of funds and direct fund strategy, Mubadala Ventures will also facilitate the process for European tech companies to establish operations in Abu Dhabi to target the Gulf and Middle East markets.

Waleed Al Mokarrab Al Muhairi, Deputy Group CEO and CEO of Alternative Investments &amp; Infrastructure at Mubadala, said: “We believe the UK is a very strong market for future technology innovation and entrepreneurship.  Tech Week reinforces both its existing technology base and the call for new investors in the UK.  Mubadala’s investment approach is based on partnership and this is exemplified through the strong working relationship we have established with the SoftBank Group. The launch of a $400 million fund to support the growth of pioneering entrepreneurs complements Mubadala’s global portfolio of investments across the full spectrum of the tech sector.”

Ibrahim Ajami, Head of Mubada Ventures, added: “We see strong potential in the European tech ecosystem with an array of dynamic, founder-led companies seeking funding and support from a committed partner. Mubadala has the global network of large assets and relationships and a partner mindset to accelerate the development of Europe’s high-growth tech companies. This strategy builds on the foundations that we built in the US with our ventures efforts. Innovation and technology continue to play a key role in the economic diversification of the UAE and we are well-placed to build a bridge to bring exceptional European tech companies to Abu Dhabi.”

Commenting on the announcement, Ron Fisher, Director and Vice Chairman of SoftBank Group, said: “We have worked closely with the Mubadala team for a number of years and are impressed with their investment capabilities, collaborative approach and understanding of emerging technologies. The UK and Europe has some of the world’s most exciting startups and we would like to see more companies accelerate through the startup stage to achieve sustained growth at a global level.” 

Mubadala Ventures, which has an office in San Francisco, USA, also oversees and manages Mubadala’s $15 billion commitment to the SoftBank Vision Fund, Mubadala Ventures Fund 1 – a US-focused early stage venture fund, and a fund of funds program that includes Data Collective, 8VC, Foundry Group, and Upfront Ventures as a part of its funds portfolio.

The venture capital arm sits within Mubadala Capital, Mubadala’s financial investment division.  Mubadala Capital, which focuses on the management of alternative assets, invests globally across a range of asset classes, including equity and credit, public and private securities, direct and third-party managed funds, while also managing a number of sovereign investment partnerships. 

Mubadala has over a decade of experience of investing in the technology sector, beginning in 2007 when it acquired a significant stake in Advanced Micro Devices (AMD). In addition to its investment in AMD, Mubadala owns GLOBALFOUNDRIES, the world’s second-largest pure-play semiconductor manufacturer; Al Yah Satellite Company (Yahsat), which has three satellites in orbit; Cognit, a joint venture with IBM to bring Watson in Arabic language to the Middle East; Injazat Data Systems, a cloud computing provider in the Middle East; and Khazna, a data center company located in the United Arab Emirates. Mubadala also has a significant stake in Emirates Integrated Telecommunications Company, known as du.

Mubadala to launch $400 million European tech fund

Mubadala Investment Company (“Mubadala”) of Abu Dhabi today announced the sale of its consortium’s majority interest in EMI Music Publishing to Sony Corporation (“Sony”) at an enterprise value of $4.75 billion. This acquisition represents Sony’s commitment to its writers and artists as well as its commitment to the music business more broadly. The closing of the transaction is subject to certain closing conditions, including regulatory approvals.

Over the past six years, Mubadala Capital – the financial investment arm of Mubadala – and Sony have worked together as partners to create value alongside Sony/ATV, Sony’s music publishing arm.  Sony/ATV has been administering the EMI Music Publishing catalog’s legacy of iconic writers and artists, and along with the consortium re-investing in existing writer relationships and growing the catalog by signing new writers on a 50/50 basis. These actions, coupled with the global rise of streaming and paid streaming services, have led to an appreciation in value of the EMI Music Publishing catalog as millions of new consumers have been provided access to innovative distribution channels.

EMI Music Publishing owns or administers over two million songs that include classics by Queen, Carole King and the Motown catalog along with contemporary songs from Kanye West, Alicia Keys, Drake, Sam Smith, Pink, Pharrell Williams, Calvin Harris, Fetty Wap, Hozier and Sia.

The original transaction and investor consortium that partnered with Sony and the Michael Jackson Estate to acquire EMI Music Publishing from a wholly-owned subsidiary of Citigroup Inc. was sourced and assembled by Mubadala Capital’s private equity business, which has controlled and managed EMI Music Publishing on behalf of Mubadala and other third party investors since 2012.

Hani Barhoush, Head of Mubadala Capital, said: “EMI Music Publishing has been a successful investment for Mubadala and I would like to personally extend my appreciation to the leadership at Sony and Sony/ATV, who have been instrumental in administering the EMI Music Publishing catalog as well as shaping the music landscape on a global basis. They have been tremendous partners to us.”

Adib Mattar, Head of Private Equity for Mubadala Capital and Chairman of EMI Music Publishing, said: “EMI Music Publishing represents one of the world’s largest and most diverse catalog of copyrights with iconic songs that span every decade over the last one hundred years.  Writers and artists only stand to benefit under consolidated ownership and should feel proud to be part of the Sony family. The sale of our consortium’s interest in EMI represents a milestone for Mubadala and our private equity business.”

Kenichiro Yoshida, President and CEO, Sony Corporation said: “We are thrilled to bring EMI Music Publishing fully into the Sony family and maintain our number one position in the music publishing industry.  I would also like to convey my gratitude to Mubadala, our equity partner in EMI Music Publishing, for sharing our long-term perspective on the potential success of music publishing and their support as we grew the business. The music business has resurged over the past couple of years, driven largely by the rise of paid subscription based streaming services.  In the entertainment space, we are focusing on building a strong IP portfolio, and I believe this acquisition will be a particularly significant milestone for our long-term growth.”

Sony Corporation to acquire EMI Music Publishing from Mubadala

SAN FRANCISCO and ABU DHABI, United Arab Emirates /PRNewswire/ -- Mubadala Investment Company, the Abu Dhabi-based investment company (Mubadala), today announced it is launching a venture capital arm of its business. A dedicated ventures investment team will be based in San Francisco, the first Mubadala office in the United States.

The team will initially oversee three main business areas:

<ul type="disc"><li>Mubadala Ventures Fund I, a $400 million early growth venture capital fund with two main investors, Mubadala and SoftBank. The fund plans to invest in exceptional founder-led companies creating scalable technologies and businesses. Investments will focus on Series A and beyond, with the goal of building a portfolio of 25 companies in North America and Europe. The fund will have a broad enterprise technology focus.</li>
	<li>A $200 million ventures Fund of Funds that will invest in both established and emerging fund managers. Under this program, Mubadala intends to invest $50 million to $70 million per year in U.S and European-based venture capital funds.</li>
	<li>Overseeing and managing Mubadala's $15 billion commitment to the SoftBank Vision Fund, working in close partnership with SoftBank executives in California.</li>
</ul> 

"Mubadala's venture capital business intends to become an active member of the ventures community, leveraging Mubadala's global scale and power," said Ibrahim Ajami, head of the ventures unit. "Our differentiators include a long-term partnership mindset, access to Mubadala's portfolio of global assets across 13 sectors, and our strategic partnership with SoftBank."

''We are excited to partner with Mubadala and invest in their first venture capital fund," said Rajeev Misra, CEO of the SoftBank Vision Fund. "Mubadala is a strategic partner to SoftBank, and this initiative will be an important part of the Vision Fund's ecosystem of companies and entrepreneurs. Mubadala's approach to venture capital and their San Francisco office indicates a long-term commitment to the technology community."

The venture capital initiative builds on a decade of investments Mubadala has made in the technology sector, beginning in 2007 with a significant stake in Advanced Micro Devices.

In addition to its stake in AMD, Mubadala owns GLOBALFOUNDRIES, the world's second-largest pure-play semiconductor manufacturer; Al Yah Satellite Company (Yahsat), which has two satellites in orbit with a third launch planned for 2018; Cognit, a joint venture with IBM to bring Watson in Arabic language to the Middle East; Injazat Data Systems, a cloud computing provider in the Middle East; and Khazna, a data center company located in the United Arab Emirates. Mubadala also has a significant stake in Emirates Integrated Telecommunications Company, known as du. 

"We are looking at companies that will transform major industries around the globe. In line with our company's values and our portfolio strategy, we want to be a real partner to entrepreneurs and founders as they grow their companies globally," said Ajami.

The venture capital initiative will sit within Mubadala Capital, Mubadala's financial investment arm.  Mubadala Capital, which focuses on the management of alternative assets, invests globally across a range of asset classes, including equity and credit, public and private securities, direct and third-party managed funds, while also managing a number of sovereign investment partnerships. Mubadala Capital manages more than $10 billion of assets across its portfolio.

Mubadala launches venture capital business; opens its first U.S. location in San Francisco

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