Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe

Business

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

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.
By TRENDS Desk
October 14, 2021 5:46 pm
  • 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.

 

 

Most Read