Bahrain-based Investcorp, a global leader in alternative investment products, and Abu Dhabi’s Mubadala Development have agreed for Mubadala to acquire a 20 per cent interest in the company.

The two-step transaction sees Mubadala acquire a 9.99 per cent ownership stake immediately, with a further 10.01 per cent following necessary regulatory approvals.

Mubadala’s investment strengthens Investcorp’s shareholder base, which includes major institutional investors from the UAE, Bahrain and Qatar, in addition to prominent individuals and family offices.

Mohammed Mahfoodh Alardhi, executive chairman of Investcorp, said: “Mubadala is one of the strongest and most respected investment companies in the GCC and globally, so today’s development is a significant milestone in the institutionalization of our shareholder base. He further commented: “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.”

Khaldoon Khalifa Al Mubarak, Group CEO of Mubadala Development Company, 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.” – TradeArabia News Service