{"id":90437,"date":"2024-03-26T00:00:00","date_gmt":"2024-03-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-is-on-an-acquisition-spree\/"},"modified":"2024-03-26T00:00:00","modified_gmt":"2024-03-26T00:00:00","slug":"mubadala-is-on-an-acquisition-spree","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/","title":{"rendered":"Mubadala is on an acquisition spree"},"content":{"rendered":"

Abu Dhabi sovereign wealth fund Mubadala continues its acquisition spree<\/strong> with two fresh acquisitions in the biopharma and crypto sectors.<\/p>\n

#1- Mubadala acquires full stake in Kelix bio from DPI, BII, and EBRD consortium:<\/strong> Abu Dhabi sovereign wealth fund Mubadala has fully acquired pan-African biopharma platform Kelix bio<\/a> for an undisclosed sum, according to a press release<\/a>. The acquisition is still pending regulatory approval. <\/p>\n

Who\u2019s selling:<\/strong> Kelix bio\u2019s co-founders \u2014 Development Partners International (DPI), British International Investment (BII), and the European Bank for Reconstruction and Development (EBRD) \u2014 will all be fully exiting their investments in the platform, according to the press release. Representatives from DPI, Kelix bio and the EBRD declined to comment on the financial details of the acquisition when Enterprise reached out. <\/p>\n

More on Kelix bio:<\/strong> The selling parties established Kelix bio in November 2020 with an initial investment commitment of USD 250 mn<\/a>. The company is the first pan-African biopharmaceutical platform dedicated to increasing accessibility to essential medication in developing markets. The platform's revenues top USD 150 mn, with critical medicines accessible in 50+ countries spanning Africa, Latin America, Southeast Asia, and the Middle East.<\/p>\n

What Kelix bio has in its arsenal:<\/strong> With initial funding and subsequent investments from DPI and BII, Kelix Bio expanded its operations, acquiring companies like Egypt\u2019s Adwia<\/a>, India\u2019s Celon Labs, Morocco\u2019s PHI, and Kelix Bio Malta.<\/p>\n

Advisors:<\/strong> Allen & Overy LLP served as legal advisors to DPI, BII, and EBRD for the transaction.<\/p>\n

#<\/strong>2- Mubadala is also buying a USD 500 mn stake in US-based AI startup Anthropic from <\/strong>Sam Bankman-Fried\u2019s bankrupt crypto exchange FTX<\/strong>, according to a court filing (pdf)<\/a> on Friday. Mubadala is the biggest buyer in a consortium of buyers snapping up two-thirds of FTX\u2019s 8% stake in the company. <\/p>\n

In context:<\/strong> The company, currently owned by now-defunct FTX and backed by major players like Amazon and Google, is being sold for more than USD 1 bn to settle FTX's debts. <\/p>\n

ICYMI- Saudi Arabia <\/strong>was excluded<\/a><\/strong> from the bidding process<\/strong> reportedly due to \u201cnational security concerns.\u201d This comes as Western governments are becoming more prone to giving a second glance at offshore investment in key sectors including AI, media, and technology. Other high-profile examples included the UK\u2019s bid to ban foreign media ownership after a bid by UAE-backed RedBird IMI for the Telegraph (we have more on this in What We\u2019re Tracking Today, above) and a bid in Washington to force the sale of Tiktok.<\/p>\n

BACKGROUND- Mubadala has been on an investment spree as of late<\/strong>, with four investments made public this month alone. The fund has invested<\/a> in the US\u2019 Blue Opal Capital\u2019s second venture capital fund and global management firm Apollo\u2019s private credit fund, and made a follow-on investment<\/a> into African mobility firm Moove. The fund has more in the pipeline, including a potential investment in Heathrow Airport<\/a> and South Korea<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

DPI, BII and EBRD offloaded all of their shares in the company to Mubadala<\/p>\n","protected":false},"author":1,"featured_media":90438,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[1098,107,1097,7,1096,969,1342,60,1343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-90437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-british-international-investment-bii","tag-crypto","tag-development-partners-international-dpi","tag-enterpriseam-uae","tag-european-bank-for-reconstruction-and-development-ebrd","tag-ftx","tag-investment","tag-ma-watch","tag-mubadala","wpautop","entry"],"acf":{"mongo_id":"f1c94c6a-24cd-48f7-9cfc-67f1c5480504","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2193.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala acquires 100% of biopharma firm Kelix Bio + USD 500 mn stake in Anthropic from FTX","related_issue":[90431],"teaser":"DPI, BII and EBRD offloaded all of their shares in the company to Mubadala","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.905d0a18-8a39-4653-8c98-ad5814690466.mp3"},"yoast_head":"\nMubadala is on an acquisition spree - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mubadala is on an acquisition spree\" \/>\n<meta property=\"og:description\" content=\"DPI, BII and EBRD offloaded all of their shares in the company to Mubadala\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-26T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mubadala is on an acquisition spree\",\"datePublished\":\"2024-03-26T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/\"},\"wordCount\":484,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1\",\"keywords\":[\"British International Investment (BII)\",\"CRYPTO\",\"Development Partners International (DPI)\",\"EnterpriseAM UAE\",\"European Bank for Reconstruction and Development (EBRD)\",\"FTX\",\"investment\",\"M&A WATCH\",\"Mubadala\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/\",\"name\":\"Mubadala is on an acquisition spree - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-03-26T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mubadala is on an acquisition spree\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mubadala is on an acquisition spree - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/","og_locale":"en_US","og_type":"article","og_title":"Mubadala is on an acquisition spree","og_description":"DPI, BII and EBRD offloaded all of their shares in the company to Mubadala","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/","og_site_name":"UAE","article_published_time":"2024-03-26T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Mubadala is on an acquisition spree","datePublished":"2024-03-26T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/"},"wordCount":484,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1","keywords":["British International Investment (BII)","CRYPTO","Development Partners International (DPI)","EnterpriseAM UAE","European Bank for Reconstruction and Development (EBRD)","FTX","investment","M&A WATCH","Mubadala"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/","name":"Mubadala is on an acquisition spree - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1","datePublished":"2024-03-26T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/03\/26\/mubadala-is-on-an-acquisition-spree\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Mubadala is on an acquisition spree"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2193.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/90437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=90437"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/90437\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/90431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/90438"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=90437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=90437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=90437"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=90437"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=90437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}