UAE – Mubasher: Mubadala Capital, the asset management arm of Mubadala Investment Company, has entered into a $2.10 billion private equity partnership transaction with Ardian, a leading private investment house in France.
Ardian will invest in Mubadala Capital’s portfolio of private equity assets and will make an initial commitment to the latter’s private equity funds, according to a press release.
Meanwhile, Evercore acted as Mubadala Capital’s exclusive financial advisor for the transaction.
Mubadala Capital and Ardian formed a solid relationship since creating their initial partnership in 2017, which was considered as a major transaction that established Mubadala Capital as a third-party asset manager. It also marked the first time a sovereign wealth fund managed capital on behalf of institutional investors.
Under the latest deal, the two entities organised a portfolio of 10 limited partnership interests with a leading group of general partners mainly in North America and Europe, as well as six high-quality direct investments.
All of the assets in the new portfolio were previously registered in Mubadala Capital’s balance sheet following a successful spin-off from Mubadala in 2021.
Mark Benedetti, Member of the Ardian Executive Committee and Co-Head of Ardian US, said: "This transaction is the culmination of a highly collaborative and close working relationship with Mubadala Capital over the past five years.”
Last October, Mubadala Capital acquired US-based TruFood Manufacturing.
