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Mubadala Capital buys Taco Bell franchisee

Mubadala Investment Company invested AED 107 billion ($29 billion) in sectors that shape the future, including life sciences, renewable energy, and digital infrastructure.
  • Mubadala Capital bought K-Mac Holdings Corp from Lee Equity Partners Opportunities Fund
  • Mubadala Capital has invested about $1.8 billion in the F&B sector in the past seven years

Mubadala Capital, the financial investment arm of Abu Dhabi’s sovereign investor Mubadala, has acquired one of the largest Taco Bell Corp. franchisees in the US.

Mubadala Capital bought K-Mac Holdings Corp from Lee Equity Partners Opportunities Fund. However, the financial terms of the deal were not disclosed.

K-Mac operates around 300 fast-food Taco Bell outlets in the US. Goldman Sachs Group Inc advised Mubadala Capital on the K-Mac deal.

Mubadala Capital has invested about $1.8 billion in the F&B sector in the past seven years. In August, Mubadala Capital and BlackRock formed a partnership across private equity funds.

The BlackRock-led consortium’s investment was made into a portfolio of assets currently managed by Mubadala Capital, in addition to a $400 million commitment into Mubadala Capital’s third private equity fund – Fund III.

Mubadala Capital manages $9 billion of assets in third-party managed funds across its private equity, public equities, venture capital and Brazil businesses.