Mubadala raises French co-investment venture to €1 billion

ParisMubadala Investment, an Abu Dhabi sovereign wealth fund, will participate in a plan to invest €1 billion ($1.2 billion) in France. The plan extends an agreement signed in 2014 between Mubadala and CDC International Capital, a subsidiary of French public sector institution Caisse des Dépôts Group. Under the new scheme, the partners will increase the size of their co-investment venture from €300 million to €500 million, which will target long-term investments in sectors such as healthcare and education. In addition, Mubadala will participate in a €500 million co-investment venture alongside Bpifrance, which is co-owned by Caisse des Dépôts and the French government. This venture will invest in sectors such as computing and biotechnology through a combination of direct investments and venture capital funds. “This further confirms our positioning as a leading partner of sovereign wealth funds,” said Laurent Vigier, chief executive of CDC International Capital. The investment partnership was signed during the official visit of French president Emmanuel Macron to Abu Dhabi. ©2017 funds global mena

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