Story

Investcorp sells 20% stake to Abu Dhabi SWF

Bahraini investment manager Investcorp on July 28 said it had agreed to sell a 20% stake to Mubadala Development Co, a sovereign wealth fund tasked with diversifying Abu Dhabi’s economy.

Bahrain: Investment manager Investcorp is selling a stake to and Abu Dhabi SWF
Bahrain: Investment manager Investcorp is selling a stake to and Abu Dhabi SWF

Bahraini investment manager Investcorp on July 28 said it had agreed to sell a 20% stake to Mubadala Development Co, a sovereign wealth fund tasked with diversifying Abu Dhabi’s economy.

Under the terms of the transaction, Mubadala will immediately acquire a 9.9% stake in Investcorp and another 10.01% stake after obtaining regulatory approvals. No financial details were disclosed.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump