Mubadala Development Company, an Abu Dhabi-based investment and development company, has agreed to acquire a 20% stake in Bahraini investment firm Investcorp for an undisclosed sum.
Mubadala will purchase a 9.99% ownership stake immediately, followed by a 10.01% stake that will be acquired after securing regulatory nod.
Investcorp executive chairman Mohammed Mahfoodh Alardhi described the deal as “a significant milestone in the institutionalization of our shareholder base.”
Mubadala Development Company group CEO Khaldoon Khalifa Al Mubarak said: “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.”
Investcorp offers direct corporate investment (private equity), real estate investment opportunities, and liquid alternative investment solutions to its clients. The firm has offices in London, New York, Bahrain, Riyadh, Doha and Abu Dhabi.
“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,” Alardhi added.