{"id":94075,"date":"2024-07-23T00:00:00","date_gmt":"2024-07-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-acquires-majority-stake-in-bugaboo\/"},"modified":"2024-07-23T00:00:00","modified_gmt":"2024-07-23T00:00:00","slug":"mubadala-acquires-majority-stake-in-bugaboo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/07\/23\/mubadala-acquires-majority-stake-in-bugaboo\/","title":{"rendered":"Mubadala acquires majority stake in Bugaboo"},"content":{"rendered":"

Mubadala buys into Bugaboo:<\/strong> Sovereign wealth fund Mubadala\u2019s investment arm Mubadala Capital acquired a majority stake in Amsterdam-based stroller manufacturer Bugaboo Group<\/a> from US private investment firm Bain Capital, according to a press release<\/a>. The exact size and value of the majority stake was not disclosed, though sources told the Financial Times<\/a> it values Bugaboo at \u201cseveral hundred mn\u201d GBP. Bain Capital said that it will retain a minority stake in the Dutch firm, which it fully acquired in 2018<\/a>.<\/p>\n

Mubadala will steer Bugaboo towards expansion: <\/strong>Mubadala plans to extend Bugaboo\u2019s reach into growth markets and position the child products manufacturer as a \u201cconsolidator in the fragmented industry, with the objective of creating the global leader in the juvenile products space,\u201d the release reads.<\/span><\/p>\n

Which growth markets? <\/strong>Mubadala is looking to grow the firm in geographies with \u201ca lot of organic growth but\u2026there are a lot of opportunities,\u201d such as the US and Asia, Antoun Ghanem, executive director and head of Mubadala Capital\u2019s private equity team in Europe, told the FT. Ghanem noted that the transaction could pave the way for further transactions, which can be small scale bolt-on acquisitions or larger \u201ctransformative\u201d mergers and acquisitions.<\/p>\n

ADVISORS- <\/strong>Mubadala secured the acquisition through debt financing provided by First Abu Dhabi Bank, Citi, and Natixis Corporate & Investment Banking, acting as arrangers and underwriters. Citigroup served as financial advisor to Mubadala Capital, while Barclays and Baird advised Bugaboo.<\/p>\n

OTHER M&A NEWS-<\/p>\n

GFH Financial Group now holds a 76.63% majority stake in its subsidiary GFH Equities,<\/strong> after raising its stake by 12.5%, according to an ADX disclosure (pdf)<\/a>. The move is expected to reflect positively on the firm\u2019s financials. <\/p>\n","protected":false},"excerpt":{"rendered":"

Mubadala targets expanding the company in markets with a lot of organic growth<\/p>\n","protected":false},"author":1,"featured_media":94076,"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":[7,60,1343,561],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-ma-watch","tag-mubadala","tag-mubadala-capital","wpautop","entry"],"acf":{"mongo_id":"01bc6c56-9aa9-470e-92fa-ad170a81cac2","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1800.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala snaps up majority stake in Dutch Bugaboo","related_issue":[94070],"teaser":"Mubadala targets expanding the company in markets with a lot of organic growth","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.4fb6ebd3-9ba7-4096-a105-1f8fb2d33841.mp3"},"yoast_head":"\nMubadala acquires majority stake in Bugaboo - 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