{"id":98538,"date":"2024-12-06T00:00:00","date_gmt":"2024-12-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/"},"modified":"2024-12-06T00:00:00","modified_gmt":"2024-12-06T00:00:00","slug":"mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/","title":{"rendered":"Mubadala subsidiaries acquire stakes in Silver Rock, Zelis"},"content":{"rendered":"

Two of Abu Dhabi sovereign wealth fund Mubadala\u2019s subsidiaries <\/strong>have acquired stakes in companies overseas<\/strong>, with one of the transactions seeing Mubadala Capital receive outside equity for the first time. <\/p>\n

#1-<\/strong> Mubadala Capital, the asset management arm of Abu Dhabi's sovereign wealth <\/strong>fund Mubadala, is acquiring a 42% stake in Los Angeles-based credit investment firm Silver Rock Financial <\/strong>through a combination of cash and equity, according to a press release<\/a>. As part of this agreement, Mubadala Capital will also receive an equity investment from Milken's family office, marking the first time the Abu Dhabi-based firm has accepted outside equity.<\/p>\n

Who\u2019s on board? <\/strong>CEO and CIO of Silver Rock Financial Carl Meyer, Co-founder and Co-Portfolio Manager Michael Haberkorn; and M-Cor Capital, the investment arm of the Milken Family Office. <\/p>\n

Mubadala Capital will also commit USD 1 bn in funds to Silver Financial over time<\/strong>, the statement said, without clarifying a specific timeline or targeted funds. <\/p>\n

About Silver Rock:<\/strong> Silver Rock \u2014 which is backed by the family office of financier Michael Milken, known as the \u201cjunk bond king\u201d \u2014 manages around USD 10 bn in assets, specializing in structured products and high-yield debt. <\/p>\n

It\u2019s not the first tie-up between Mubadala and Silver Rock: <\/strong>The two firms worked together on the 2012 takeover of EMI Music Publishing, which they sold to Sony for USD 4.75 bn in 2018. <\/p>\n

This acquisition marks the latest in a series of moves to push further into private credit investments,<\/strong> with the sovereign wealth fund recently extending its multi-bn-USD partnership<\/a> with US-based Apollo Management<\/a>, focusing on private debt and equity financing. <\/p>\n

#2- Mubadala secures a minority stake in Zelis: <\/strong>Mubadala Investment Company completed its acquisition of a minority stake in Zelis<\/a>, a US-based healthcare tech provider, according to a press release<\/a>. The sovereign wealth fund led the investment, joined by a group of investors including Norwest and HarbourVest.<\/p>\n

Mubadala had been working on this agreement since October<\/strong>, which was said to value Zelis at around USD 17 bn<\/a>. The transaction was also said to involve a mix of equity and debt to acquire the stake from Bain and Parthenon Capital, which remain majority owners.<\/p>\n

ADVISORS-<\/strong> Goldman Sachs and JP Morgan advised Zelis, with legal counsel from Kirkland & Ellis. Mubadala was advised by Evercore, with Akin Gump as legal counsel.<\/p>\n

Mubadala has been on an acquisition spree this year:<\/strong> Highlights include teaming up with private equity firms to buy US-based Truist Insurance Holdings for USD 12.4 bn in February \u2014 the largest acquisition<\/a> of 2024 \u2014 and co-investing USD 8.3 bn<\/a> in Dalian Wanda\u2019s mall unit, the third-largest transaction of the period. <\/p>\n","protected":false},"excerpt":{"rendered":"

Mubadala Capital will also receive an investment from Milken's family office<\/p>\n","protected":false},"author":1,"featured_media":98539,"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":[7,131,25,60,1343,561,27],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-98538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-healthcare","tag-investment-watch","tag-ma-watch","tag-mubadala","tag-mubadala-capital","tag-mubadala-investment-company","wpautop","entry"],"acf":{"mongo_id":"d9d99b28-e73e-439a-b9d2-ca8fb30b2e65","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1231.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala subsidiaries acquire stakes in Silver Rock, Zelis","related_issue":[98533],"teaser":"Mubadala Capital will also receive an investment from Milken's family office","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.3cff784a-2a5c-40a9-8206-769a590034bf.mp3"},"yoast_head":"\nMubadala subsidiaries acquire stakes in Silver Rock, Zelis - 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\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mubadala subsidiaries acquire stakes in Silver Rock, Zelis\" \/>\n<meta property=\"og:description\" content=\"Mubadala Capital will also receive an investment from Milken's family office\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-06T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.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\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mubadala subsidiaries acquire stakes in Silver Rock, Zelis\",\"datePublished\":\"2024-12-06T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/\"},\"wordCount\":434,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM UAE\",\"Healthcare\",\"INVESTMENT WATCH\",\"M&A WATCH\",\"Mubadala\",\"Mubadala Capital\",\"Mubadala Investment Company\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/\",\"name\":\"Mubadala subsidiaries acquire stakes in Silver Rock, Zelis - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-12-06T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mubadala subsidiaries acquire stakes in Silver Rock, Zelis\"}]},{\"@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 subsidiaries acquire stakes in Silver Rock, Zelis - 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\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/","og_locale":"en_US","og_type":"article","og_title":"Mubadala subsidiaries acquire stakes in Silver Rock, Zelis","og_description":"Mubadala Capital will also receive an investment from Milken's family office","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/","og_site_name":"UAE","article_published_time":"2024-12-06T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.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\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Mubadala subsidiaries acquire stakes in Silver Rock, Zelis","datePublished":"2024-12-06T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/"},"wordCount":434,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM UAE","Healthcare","INVESTMENT WATCH","M&A WATCH","Mubadala","Mubadala Capital","Mubadala Investment Company"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/","name":"Mubadala subsidiaries acquire stakes in Silver Rock, Zelis - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&ssl=1","datePublished":"2024-12-06T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/12\/06\/mubadala-subsidiaries-acquire-stakes-in-silver-rock-zelis\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Mubadala subsidiaries acquire stakes in Silver Rock, Zelis"}]},{"@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\/8\/1231.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1231.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\/8\/1231.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/98538","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=98538"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/98538\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/98533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/98539"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=98538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=98538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=98538"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=98538"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=98538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}