Mubadala reportedly in talks to back Acquarian’s Brighthouse takeover: New York-based private investment group Aquarian is in late-stage talks with Mubadala Capital, the Qatar Investment Authority, and other investors to secure more than USD 3 bn in equity to support its planned acquisition of US ins. provider Brighthouse Financial, the Financial Times reports, citing people with knowledge of the matter.

Where we’re at: The private capital group has faced delays in raising equity amid a lengthy diligence process, but has already lined up debt financing from banks led by RBC, Nomura, and Société Générale. Aquarian is now preparing to submit a final offer and is looking to secure equity commitments as the last step.

The target: Brighthouse has nearly USD 120 bn in assets and a market cap of USD 2.5 bn. Despite this, it has drawn muted interest on public markets amid profitability struggles. Previous big names eyeing a takeover bid, like Blackstone and Apollo, have all pulled out.

IN OTHER M&A NEWS-

Sweid and Sweid makes AED 350 mn US exit: Dubai-based real estate development and investments group Sweid and Sweid announced the AED 350 mn sale of River Park 10 — a 825k sq-ft Class A industrial facility located in Atlanta, Georgia, according to a press release. Georgia Power, the state’s largest public utility company, is acquiring the property.

The move aligns with Sweid and Sweid’s broader investment plans in the US and Dubai. This latest exit brings the firm’s tally of completed projects across the US’ Sun Belt region to three over the past year. It also launched the first phase of its 3.3 mn sq ft Terralogix project — slated to be the emirate’s largest privately owned logistics park when operational in 3Q 2026.

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