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FINANCIAL NEWS
French Ardian to invest USD2.5b in Mubadala
21 Apr 2017
(MENAFN) According to the European fund manager Ardian, it will invest USD2.5b in private equity funds run by Mubadala Capital, an arm of Abu Dhabi’s state fund Mubadala.
Also, it said the deal will see Ardian invest USD1.75b to take a majority stake in USD2.5b portfolio owned by Mubadala Capital, as the portfolio includes also North American buyout and growth funds as well as direct investments.
Ardian’s head of funds and private debt, Vincent Gombault, said in a joint statement by Ardian and Mubadala Capital: “This deal represents one of Ardian’s largest transactions with a sovereign wealth fund.”
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MENAFN2104201700450000ID1095408434
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