Mubadala buying 20% stake in Investcorp

Abu Dhabi-based investment and development company Mubadala recently entered into an agreement to buy 20 percent of Bahrain's alternative investment firm Investcorp.

"We welcome the opportunity to become a shareholder in Investcorp," Mubadala Development Company Group CEO Khaldoon Khalifa Al Mubarak said. "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."

Mubadala will immediately buy 9.99 percent of Investcorp followed by 10.01 percent after obtaining regulatory approvals. Investcorp offers clients solutions related to corporate investments, real estate investments and hedge funds.

The investment deal with Mubadala is expected to strengthen Investcorp's shareholder base. Among Investcorp's current shareholder base are prominent individuals, family offices and major institutional investors from the areas of Bahrain, Qatar and the United Arab Emirates.

"Mubadala is one of the strongest and most respected investment companies in the GCC and globally," Investcorp Executive Chairman Mohammed Mahfoodh Alardhi said. "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."