Investindustrial to establish presence in ADGM with ADCP backing: Abu Dhabi Catalyst Partners (ADCP), a JV between Mubadala Capital and investment firm Alpha Wave Global, invested an undisclosed amount in the first closing of European investment group Investindustrial ’s eighth private equity fund, which follows a buyout strategy focused on industrial businesses, a press release reads. As part of the arrangement, the firm will set up shop in the ADGM.

Details: The strategy targets international expansion and bolt-on acquisitions, as well as industrial repositioning.

Investindustrial’s debut regional office in Abu Dhabi will serve as the company’s Middle Eastern headquarters, “a strategic and operational bridge between Investindustrial’s European and Asian offices,” according to the statement. It marks the firm’s eighth international office.

About Investindstrial: The group’s EUR 15 bn in assets include several brands already operating in the UAE, such as Italian luxury fashion group Ermenegildo Zegna, Italian restaurant and culinary marketplace Eataly and designer Flos B&B Italia Group.

IN CONTEXT- With a USD 1.7 bn capital base, part of ADCP’s goals is to attract businesses to ADGM. The JV has invested in US-based tech-focused private equity firm Haveli Investmentsin June and France-based asset manager Ardian, and is helping to create 400 new jobs in the ADGM. ADCP currently aims to finalize four to eight new transactions, Mubadala Capital Solutions Co-Head Fatima Al Noaimi previously said.

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