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#UAE's Mubadala to sell stake in Spanish miner MATSA | ZAWYA MENA Edition

UAE's Mubadala to sell stake in Spanish miner MATSA | ZAWYA MENA Edition Sandfire Resources Ltd, an Australian copper mining company, said on Thursday it is set to buy the Minas De Aguas Teñidas (MATSA) mining complex in Spain from Abu Dhabi's sovereign investor Mubadala Investment Company and global commodities trader Trafigura Group for $1.87 billion.The acquisition is fully funded through a combination of cash, debt and equity, Sandfire which is listed on the Australian Securities Exchange,...
Tags: Travel, Spain, Colombia, Abu Dhabi, Uae, Magdalena, Australian Securities Exchange, Trafigura, Rupert Neil Bumfrey, Mubadala, Mubadala Investment Company, Trafigura Group, Sandfire, Matsa, MENA Edition Sandfire Resources Ltd, Minas De Aguas Teñidas MATSA


Mubadala invests in metal concentrate trading platform | Reuters

Mubadala invests in metal concentrate trading platform | Reuters Abu Dhabi's sovereign wealth fund Mubadala has invested in Swiss-based Open Mineral to help scale up its online metal concentrate exchange that allows mining companies and smelters to trade directly and cut out middlemen.Open Mineral has raised $33 million, the company said in a release on Thursday.Mubadala Investment Company is the lead investor.Statkraft and Lingfeng Capital are the other new investors joining existing investor...
Tags: Travel, Reuters, Statkraft, Reuters Abu Dhabi, Rupert Neil Bumfrey, Mubadala, Mubadala Investment Company, Lingfeng Capital, Emerald Technology Ventures Miners


#UAE to announce investment expansion across Britain | Reuters

UAE to announce investment expansion across Britain | Reuters The UK Office for Investment and the United Arab Emirate's (UAE) Mubadala Investment Company are expected to sign an expansion of the Sovereign Investment Partnership (SIP) on Thursday, British PM Boris Johnson's press office said in a statement.The deal will promote investments across Britain in life sciences, technology, energy transition and infrastructure, according to the statement.The overall investment commitment of the Gulf ...
Tags: Travel, UK, Britain, Boris Johnson, Johnson, Downing Street, Abu Dhabi, Uae, Financial Times, Gulf, Reuters, United Arab Emirate, Rupert Neil Bumfrey, Mubadala Investment Co, Mubadala Investment Company, Office for Investment


MIDEAST STOCKS Most Gulf bourses fall in early trade | Reuters

MIDEAST STOCKS Most Gulf bourses fall in early trade | Reuters Most stock markets in the Gulf region fell in early trade on Thursday, with Abu Dhabi set for its first weekly loss in eight, in line with subdued Asian shares.Hong Kong's Hang Seng index led the declines in Asia, dropping to its lowest so far this year, while Chinese shares sank over fears that the liquidity crisis at China's Evergrande Group could affect the broader economy. read moreSaudi Arabia's benchmark index (.TASI) eased 0...
Tags: Travel, Asia, Hong Kong, UK, China, Dubai, Telecom, Boris Johnson, Abu Dhabi, Uae, Gulf, Reuters, ACWA Power, United Arab Emirate, Tasi, Saudi Telecom Company


SpotOn raises $300M at a $3.15B valuation and acquires Appetize

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E financing that values the company at $3.15 billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just thr...
Tags: Fundings & Exits, Startups, Instagram, Finance, Funding, Los Angeles, San Francisco, Startup, Tech, SaaS, Venture Capital, M&a, Square, Mobile Web, Payments, Online Payments


Mubadala Petroleum, Eni team up on energy transition | Reuters

Mubadala Petroleum, Eni team up on energy transition | Reuters Italy's Eni (ENI.MI) has teamed up with Mubadala Petroleum to look at joint investments in the energy transition field as part of plans to cut carbon footprints.In statements on Tuesday, the two groups said they had signed a memorandum of understanding (MoU) to cooperate in areas like hydrogen and carbon capture in the Middle East, North Africa, South East Asia, Europe and other regions of mutual interest.Mubadala Petroleum, owned ...
Tags: Travel, Abu Dhabi, Reuters, Reuters Italy, Rupert Neil Bumfrey, ENI ENI, Mubadala Investment Company, Environmental Social Governance ESG, Mubadala Petroleum, Mubadala Petroleum Eni, Middle East North Africa South East Asia Europe, Mansoor Mohamed Al Hamed


Mubadala Petroleum plans South-East Asia expansion to tap into rising energy demand

Mubadala Petroleum plans South-East Asia expansion to tap into rising energy demand Abu Dhabi-based Mubadala Petroleum is planning to expand its operations in South-East Asia as it seeks to tap into growing demand for electricity in the region."For the moment, ... most of the demand post-Covid-19 or growth rather will happen in the Asean region. You are talking about double-digit growth in demand for electricity," Mubadala Petroleum's chief operating officer Mazin Al Lamki told the Future Ener...
Tags: Travel, Abu Dhabi, Asean, South East Asia, Association of South East Asian Nations, Rupert Neil Bumfrey, Mubadala Investment Company, Mubadala Petroleum, Mazin Al Lamki, Future Energy Asia, Vietnam Mubadala Petroleum


Plentific cements $100M to expand its property management SaaS

London based Plentific, which operates a marketplace SaaS platform targeting the property management space, has closed a $100 million Series C. The funding round is led by new investors Highland Europe and Brookfield Technology Partners — the VC arm of the eponymous real estate giant — along with Mubadala Investment Company and RXR Digital Ventures, as well as existing investors A/O PropTech and Target Global. The 2013-founded startup provides a cloud platform for landlords, property and facili...
Tags: Fundings & Exits, Europe, Real Estate, UK, London, US, Tech, United States, SaaS, Brookfield, ESG, Highland Europe, UK Germany, Property Management, Mubadala Investment Company, PROPtech


#AbuDhabi wealth fund poised to take stake in CityFibre | Financial Times

Abu Dhabi wealth fund poised to take stake in CityFibre | Financial Times An Abu Dhabi sovereign wealth fund and a part of the Ikea retail empire are poised to take stakes in the UK telecoms infrastructure group CityFibre in a deal that would value it at about £2bn.  Mubadala Investment Company and Interogo Holding, the investment arm of the group that owns the Ikea franchise, would be the latest investors to tap into alternative UK networks, which are trying to take on the two est...
Tags: Travel, UK, London, Bt, Ikea, Goldman Sachs, Abu Dhabi, CityFibre, Rupert Neil Bumfrey, Mubadala Investment Company


Mubadala Capital's SPAC Blue Whale Acquisition prices IPO at $10 per share | ZAWYA MENA Edition

Blue Whale Acquisition I, a blank check company formed by Abu Dhabi’s Mubadala Capital targeting media and entertainment, announced the pricing of its initial public offering (IPO) of 20 million shares at $10 per unit on Wednesday.The units will be listed on the Nasdaq Capital Market in the US and trade under the ticker symbol “BWCAU” beginning on August 4, 2021.Blue Whale is sponsored by Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, the Abu Dhabi-based sovere...
Tags: Travel, US, Abu Dhabi, SPAC, Rupert Neil Bumfrey, Nasdaq Capital Market, Mubadala Investment Company, Blue Whale, Mubadala Capital, Goldman Sachs Co LLC, Public Equities, Maxime Franzetti, BofA Securities, MIC Capital Partners, Adib Mattar, SPAC Blue Whale Acquisition


#AbuDhabi's Mubadala invests $250mln in biosimulation firm Certara | ZAWYA MENA Edition

Abu Dhabi's Mubadala invests $250mln in biosimulation firm Certara | ZAWYA MENA Edition Abu Dhabi’s Mubadala Investment Company has made an investment worth approximately $250 million in Certara, a Nasdaq-listed biosimulation company.Mubadala and certain existing institutional shareholders of Certara, including a shareholder affiliated with EQT, a private equity company, have entered into an agreement under which an affiliate of Mubadala will purchase an aggregate of 9,615,384 shares at $26 pe...
Tags: Travel, Abu Dhabi, Rupert Neil Bumfrey, Mubadala, Mubadala Investment Company, Certara, MENA Edition, Government of Abu Dhabi, MENA Edition Abu Dhabi, Camilla Languille Head of Life Sciences


Mubadala gets preferential status in bid for Renova's assets | Reuters

Mubadala gets preferential status in bid for Renova's assets | Reuters Abu Dhabi’s Mubadala Investment Company won the right to match any other higher bid for some assets of bankrupt Renova Energia SA, the energy company said in a securities filing on Wednesday.Mubadala has made a 1.1 billion reais ($211 million) binding offer for Renova’s 51% stake in Brasil PCH SA unit, which has 13 small hydroelectric plants. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Reuters, Renova, Reuters Abu Dhabi, Rupert Neil Bumfrey, Mubadala, Renova Energia SA, Mubadala Investment Company, Brasil PCH SA


Intel rumored to be in talks to buy chip manufacturer GlobalFoundries for $30B

When it comes to M&A in the chip world, the numbers are never small. In 2020, four deals involving chip companies totaled $106 billion led by NVidia snagging ARM for $40 billion. One surprise from last year’s chip-laced M&A frenzy was Intel remaining on the sidelines. That would change if a rumored $30 billion deal to buy chip manufacturing concern GlobalFoundries comes to fruition. The rumor was yesterday. Patrick Moorhead, founder and principal analyst at Moor Insight & Strategies, who watch...
Tags: TC, Hardware, Enterprise, Tech, Intel, M&a, Nvidia, Amd, Chips, Globalfoundries, IDM, Pat Gelsinger, Patrick Moorhead, Mubadala Investment Company, Bob Swan, Moor Insight Strategies


#AbuDhabi sovereign fund Mubadala prepares to launch two Spacs | Financial Times

Abu Dhabi sovereign fund Mubadala prepares to launch two Spacs | Financial Times Investor mania for special purpose acquisition companies is accelerating in the oil-rich Gulf, where Abu Dhabi sovereign fund Mubadala is poised to launch two Spacs and a Dubai-based asset manager is raising $200m to target mergers with companies in the Middle East.  Regional financiers have for months been planning an expansion into the booming market for Spacs, or blank-cheque companies, which first l...
Tags: Travel, Asia, Singapore, Africa, US, Middle East, Dubai, Abu Dhabi, Uae, Financial Times, Gulf, Jpmorgan, SPAC, Middle East Africa, EFG Hermes, Rupert Neil Bumfrey


Mubadala Health takes 60% stake in UEMedical in push for regional expansion | The National

Mubadala Health takes 60% stake in UEMedical in push for regional expansion | The National Mubadala Health, the healthcare unit of Abu Dhabi’s sovereign investment fund Mubadala Investment Company, is acquiring a majority stake in United Eastern Medical Services (UEMedical), as it expands its portfolio of healthcare assets beyond the UAE.The 60 per cent stake bought from Saudi Arabia’s Jadwa Investment and UAE-based United Eastern Group will add multiple hospitals and clinics that are owned an...
Tags: Travel, Saudi Arabia, GCC, Abu Dhabi, Uae, Rupert Neil Bumfrey, Mubadala Investment Company, Jadwa Investment, United Eastern Medical Services, Mubadala Health, National Mubadala Health, United Eastern Group, Hasan Jasem Al Nowais, Moorfields Eye Hospital Abu Dhabi, Al Meswak Dental Group


SpotOn raises $125M in a16z-led Series D, triples valuation to $1.875B

Certain industries were hit harder by the COVID-19 pandemic than others, especially in its early days. Small businesses, including retailers and restaurants, were negatively impacted by lockdowns and the resulting closures. They had to adapt quickly to survive. If they didn’t use much technology before, they were suddenly being forced to, as so many things shifted to digital last year in response to the COVID-19 pandemic. For companies like SpotOn, it was a pivotal moment.  The startup, w...
Tags: Fundings & Exits, Startups, TC, Cloud, Mexico, Finance, San Francisco, Startup, Tech, E-commerce, Chicago, Mexico City, SaaS, Venture Capital, Poland, Square


#UAE's Mubadala in talks to buy $1.1 bln stake in Israeli gas field | Reuters

UAE's Mubadala in talks to buy $1.1 bln stake in Israeli gas field | ReutersDelek Drilling (DEDRp.TA) said on Monday it has signed a non-binding deal to sell its stake in the east Mediterranean natural gas field Tamar to Abu Dhabi's Mubadala Petroleum for $1.1 billion.The deal, if finalised, would be among the most significant developments since Israel and the United Arab Emirates agreed to normalise ties last year.The Tamar gas field is one of Israel's primary energy sources and is able to prod...
Tags: Travel, Israel, Egypt, Middle East, United Arab Emirates, Abu Dhabi, Uae, Mediterranean, Reuters, Delek, Tamar, Rupert Neil Bumfrey, Mubadala, Abu Dhabi Government, Mubadala Investment Company, Mubadala Petroleum


#AbuDhabi's Mubadala starts Australia logistics venture with LOGOS, KKR | ZAWYA MENA Edition

Abu Dhabi's Mubadala starts Australia logistics venture with LOGOS, KKR | ZAWYA MENA EditionAbu Dhabi state fund Mubadala Investment Company has launched a new venture with Australian logistics property group LOGOS and US global investment firm KKR & Co to develop logistics facilities across Australia.The venture is seeded with an 18.2-hectare development site in Brisbane that will be redeveloped into a master-planned logistics estate, the state investor said on its Twitter account Thursday.The ...
Tags: Travel, Australia, US, Brisbane, Abu Dhabi, KKR, KKR Co, Rupert Neil Bumfrey, Mubadala, Mubadala Investment Company, ZAWYA MENA EditionAbu Dhabi


#AbuDhabi Mubadala investment record high in 2020 - CEO | Reuters

Abu Dhabi Mubadala investment record high in 2020 - CEO | Reuters Khaldoon Khalifa Al Mubarak, group chief executive officer of Mubadala Investment Company, speaks at the 2019 New Economy Forum in Beijing, China November 21, 2019. REUTERS/Jason Lee   Abu Dhabi state investor Mubadala invested a record amount in 2020 as it doubled down on growth sectors, its chief executive said on Monday. “We’ve invested more in 2020 than we have ever done in one year prior to that,” Khaldoon Kh...
Tags: Travel, Bahrain, Reuters, Beijing China, Investcorp, Rupert Neil Bumfrey, Mubadala, Mubadala Investment Company, Khaldoon Khalifa al Mubarak, Abu Dhabi Mubadala, AbuDhabi Mubadala, Reuters Khaldoon Khalifa Al Mubarak, Jason Lee Abu Dhabi


Update: Telegram raises $1BN+, including $150M from Mubadala and Abu Dhabi CP via pre-IPO convertible bonds

Update: Telegram has now announced it’s pulled in over $1BN in debt financing by selling bonds. Founder Pavel Durov put out an update via his official Telegram channel after a press announcement earlier today had revealed the company had taken in $150M from Mubadala and Abu Dhabi Catalyst Partners by selling 5-year pre-IPO convertible bonds. It’s not clear where the additional millions in debt funding are coming from — Durov merely writes that Telegram has sold bonds to “some of the largest and ...
Tags: Social, Facebook, Apps, Russia, US, Tech, Middle East, Abu Dhabi, Telegram, Patreon, Messaging Apps, Pavel Durov, Mena, Dubai UAE, Durov, Mubadala


Telegram raises $150M from Mubadala and Abu Dhabi CP via pre-IPO convertible bonds

Messaging platform Telegram, which recently passed 500 million monthly active users but still isn’t monetizing all the digital chatter it hosts — has taken in a little more funding to keep its engines ticking over. Mubadala Investment Company, the Abu Dhabi-based sovereign investor, is throwing in $75M in exchange for 5-year pre-IPO convertible bonds of Telegram — with Abu Dhabi Catalyst Partners investing a further $75M, the pair said today in a press release. The investment is touted as a stra...
Tags: Social, Facebook, Apps, Russia, US, Tech, Middle East, Abu Dhabi, Telegram, Patreon, Messaging Apps, Pavel Durov, Mena, Dubai UAE, Durov, Mubadala


#AbuDhabi funds invest $150 million in messaging app Telegram | Reuters

Abu Dhabi funds invest $150 million in messaging app Telegram | ReutersAbu Dhabi sovereign wealth fund Mubadala Investment Company and Abu Dhabi Catalyst Partners have invested a combined $150 million in messaging app Telegram, a joint statement said on Tuesday.Mubadala invested $75 million in 5-year pre-IPO convertible bonds, while Abu Dhabi Catalyst Partners invested a further $75 million. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Abu Dhabi, Reuters, Rupert Neil Bumfrey, Mubadala, Mubadala Investment Company, Abu Dhabi Catalyst Partners, ReutersAbu Dhabi


RDIF says completes joint investment of 7.85% in AliExpress Russia alongside partners | Reuters

RDIF says completes joint investment of 7.85% in AliExpress Russia alongside partners | Reuters The Russian Direct Investment Fund (RDIF) on Friday said it had completed a joint investment to acquire 7.85% of AliExpress Russia, alongside the UAE’s Mubadala Investment Company and other Middle East sovereign wealth funds.AliExpress Russia is an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners.The acquisition of shares was completed on Jan. 28, the RDIF said in ...
Tags: Travel, Russia, Middle East, Alibaba, Uae, Reuters, Rupert Neil Bumfrey, Mubadala Investment Company, RDIF, AliExpress Russia


Masdar, Emirates NBD Asset Management to provide services for #UAE’s first ‘green’ REIT | ZAWYA MENA Edition

Masdar, Emirates NBD Asset Management to provide services for UAE’s first ‘green’ REIT | ZAWYA MENA Edition Masdar, a subsidiary of Mubadala Investment Company and a pioneer in sustainable urban development, has partnered with Emirates NBD Asset Management to receive management services for the UAE’s first sustainable real estate investment trust – the Masdar Green REIT.Together, Masdar Capital Management (a recently established FSRA Regulated Fund Manager) and Emirates NBD Asset Management brin...
Tags: Travel, Masdar, Uae, Emirates NBD Asset Management, Rupert Neil Bumfrey, Abu Dhabi Global Market ADGM, Mubadala Investment Company, ADGM 's Financial Services Regulatory Authority, Masdar Emirates NBD Asset Management, MENA Edition Masdar, Masdar Green, Masdar Capital Management, Abu Dhabi Sustainability Week ADSW, Masdar Green REIT


#UAE's Masdar says financing secured for Uzbekistan solar power project - Arabianbusiness

UAE's Masdar says financing secured for Uzbekistan solar power project - Arabianbusiness UAE-based Masdar, the clean energy subsidiary of Mubadala Investment Company, announced on Wednesday the financial close of the Nur Navoi Solar Project, Uzbekistan’s first independent power producer (IPP) solar project.Loan and guarantee agreements to finance the 100-megawatt photovoltaic plant were signed in a virtual ceremony with representatives from Masdar, Uzbekistan’s Ministry of Investments and Foreig...
Tags: Travel, Uzbekistan, Abu Dhabi, Masdar, Uae, IPP, Rupert Neil Bumfrey, Mubadala Investment Company, Navoi, Arabianbusiness UAE, Nur Navoi Solar Project Uzbekistan, Masdar Uzbekistan, Nur Navoi Solar Project, JSC National Electric Grid of Uzbekistan NEGU


Largest Russian Bank to open office in #AbuDhabi | ZAWYA MENA Edition

Largest Russian Bank to open office in Abu Dhabi | ZAWYA MENA EditionThe largest commercial bank in Russia, Central and Eastern Europe is on course to opening an office in Abu Dhabi by the end of this year, according to a top executive.In late September, the state-owned bank signed an agreement with Abu Dhabi sovereign investor Mubadala Investment Company to "tap the potential of mutually beneficial opportunities ".The agreement covers cooperation in areas including co-investments, debt and equi...
Tags: Travel, Russia, Abu Dhabi, Mena, Sberbank, Rupert Neil Bumfrey, Mubadala, Mubadala Investment Company, Largest Russian Bank, Russia Central and Eastern Europe, Sber Investment Middle East SIME


Silverlake adds a $2 billion “longterm” hedge fund backed by Abu Dhabi to its tech finance toolkit

Silver Lake Partners, the multi-billion dollar tech-focused investment firm, is adding a longterm hedge fund backed by Abu Dhabi’s sovereign wealth fund, Mubadala, to its array of investment vehicles to finance technology companies. The move into multi-strategy investing represents the diversification of financing vehicles that companies have at their disposal and gives the private equity firm the tools it needs to compete in a world awash with capital and new ways for companies to access public...
Tags: TC, Money, Finance, India, Softbank, Tech, Investment, Private Equity, Silicon Valley, Amd, Abu Dhabi, Semiconductor, Silver Lake, Silverlake, SoftBank Group, Khaldoon Al Mubarak


#AbuDhabi, #Qatar Join Wealth Funds Shaking Up Boutique World of Direct Lending - Bloomberg

Abu Dhabi, Qatar Join Wealth Funds Shaking Up Boutique World of Direct Lending - Bloomberg:A series of mammoth investor tie-ups aimed at financing corporate buyouts is upending the world of direct lending, a corner of the credit market once dominated by boutique funds.Tuesday’s announcement of Mubadala Investment Company’s new $3.5 billion direct lending partnership with Barings follows the Abu Dhabi sovereign wealth fund’s earlier $12 billion venture with Apollo Global Management. Last week als...
Tags: Travel, Bloomberg, Credit Suisse, Qatar Investment Authority, Abu Dhabi, Rupert Neil Bumfrey, Abu Dhabi Qatar, Mubadala Investment Company, Campbell Lutyens, Apollo Global Management Last, Jeff Griffiths


#UAE's Mubadala, Baring partner on $3.5bn financing platform - Arabianbusiness

UAE's Mubadala, Baring partner on $3.5bn financing platform - Arabianbusiness:Barings, one of the world’s leading financial services firms, on Tuesday announced that it has formed the Barings Mubadala Enterprise (BME), a platform seeking to provide financing solutions to European middle-market businesses.The partnership is anchored by UAE-based Mubadala Investment Company and will invest alongside MassMutual and Barings’ capital.BME and its capital partners aim to provide $3.5 billion in financi...
Tags: Travel, Uae, MassMutual, BME, Rupert Neil Bumfrey, Barings, Mubadala, Mubadala Investment Company, Mubadala Baring, Barings Mubadala Enterprise BME, Europe Barings, Tom Finke


ADNOC partners with Mubadala, ENEC to drive In-Country Value for #UAE | ZAWYA MENA Edition

ADNOC partners with Mubadala, ENEC to drive In-Country Value for UAE | ZAWYA MENA Edition:The Abu Dhabi National Oil Company, ADNOC, today signed two framework agreements with Mubadala Investment Company and Emirates Nuclear Energy Corporation, ENEC, to partner on ADNOC’s In-Country Value, ICV, programme following the success of the programme which has driven more than AED44 billion ($12 billion) back into the UAE's economy and created over 1,500 private-sector jobs for Emiratis since it was lau...
Tags: Travel, Uae, ADNOC, ENEC, Rupert Neil Bumfrey, ICV, Mubadala Investment Company, Abu Dhabi National Oil Company Adnoc, Emirates Nuclear Energy Corporation Enec, Mubadala ENEC, ADNOC Mubadala