Skip to content Skip to Search
Skip navigation

Mubadala targets European dialysis clinic chain for $2.5bn

By Pramod Kumar
Mubadala Capital's Brazil Special Opportunities Fund II will invest in mature companies facing some form of complexity or distress Mubadala
Mubadala Capital's Brazil Special Opportunities Fund II will invest in mature companies facing some form of complexity or distress

Abu Dhabi’s Mubadala Investment Company is considering acquiring British private investment company Bridgepoint Group’s European dialysis clinic chain Diaverum for $2.5 billion.

The UAE sovereign wealth fund is among the final bidders competing to acquire Swedish Diaverum, Bloomberg reported, citing unnamed sources.

The names of the rival bidders were not given.

Bridgepoint is seeking a buyer after an earlier process to list or sell the business failed in 2020.

Bridgepoint took over Diaverum from Sweden-based Gambro Holding AB in 2007.

Earlier this month the Abu Dhabi sovereign fund partnered with primary investor Stone Point Capital and other investors to purchase a 20 percent stake for $1.95 billion in Truist Insurance Holdings, a subsidiary of Truist Financial Corporation.

This year Mubadala also bought US-based Dental Care Alliance, a dental services organisation with nearly 390 allied practices.

Mubadala’s $284 billion portfolio spans six continents with interests in multiple sectors and asset classes.

In December 2022, the fund’s CEO Khaldoon Al Mubarak said that 2023 would be a “tough year” for the global economy, but the fund would focus on opportunities serving a longer horizon.

As a global investor, he said Mubadala would continue to follow an “agnostic” investment approach looking at growth patterns and long-term sustainable returns.

On Wednesday, Sheikh Mansour bin Zayed Al Nahyan, vice chairman of Mubadala, was named UAE vice president and deputy prime minister of the UAE, alongside Sheikh Mohammed bin Rashid Al Maktoum, vice president, prime minister and ruler of Dubai.

Latest articles

Kuwaiti logistics company Agility Public Warehousing has paid out nearly KD9 million ($29.2 million) over the disputed lease

Kuwait’s Agility pays out $30m over scrap site dispute

Kuwaiti logistics company Agility Public Warehousing has paid out nearly KD9 million ($29.2 million) after losing a 2021 court case over leasing a plot of land in Kuwait used as a scrap site. “With this payment, the company will have fully executed the aforementioned ruling in favour of the Public Authority for Industry,” Agility said […]

Men at the Kuwait City souq. Kuwait last sold dollar-denominated bonds in 2017

Kuwait gets closer to tapping debt markets to fund infrastructure

Kuwait has moved a step closer to selling debt on the international markets again after the cabinet approved a draft decree that should help the country fund multibillion-dollar infrastructure projects. Historically the country has had little need to borrow thanks to its oil revenue and relatively unambitious spending plans. Kuwait last sold dollar-denominated bonds in […]

An egg farm in Brazil. Saudi Arabia wants to reduce its reliance on imported foods

Entaj share price rises 30% in first day on Tadawul

The share price of poultry producer Entaj has risen by 30 percent on its first day of trading, the maximum daily increase allowed on the Saudi stock exchange. Entaj – formally known as the Arabian Company for Agricultural and Industrial Investment – is the fourth company to list on Saudi Arabia’s main market this year. […]

Shareholders in Borouge are due to vote on a proposed dividend and 2.5 percent share buyback on April 7

Borouge proposes share buyback after merger stock slide

Abu Dhabi petrochemicals company Borouge will seek shareholder approval to buy back up to 2.5 percent of its shares, it said on Monday, after its share price plunged on this month’s news of its merger deal with Austria’s Borealis.  Borouge’s majority shareholder Abu Dhabi National Oil Company (Adnoc) and Austria’s OMV said they had agreed to merge […]

Workers use an excavator at the Faw port project site in Faw, in the southern province of Basra, January 6, 2016. REUTERS/Essam Al-Sudani

Iraq’s long delayed Faw port nears completion

Iraq’s long-delayed redevelopment and construction of its Faw port near the Arabian Gulf will be completed this year, the Iraq state news agency reported, paving the way for improved access for goods to Iraq and beyond. South Korea’s Daewoo won a $2.6 billion contract to build five main piers at the port in 2010 and […]

Riyadh Air CEO Tony Douglas

Riyadh Air seeks tie-up with Indian carriers

Saudi Arabia’s newest airline Riyadh Air is exploring potential tie-ups with Indian carriers IndiGo and Air India, CEO Tony Douglas has said. The conversations are at an early stage but offer a “win-win” proposition, he told The Indian Express news daily. India is a “super important” market, Douglas said, as Saudi Arabia expects India to […]

Inflation in Lebanon rose to more than 300% last year, according to the World Bank

Economy in Lebanon remains severely depressed, IMF says

The Lebanese economy remains severely depressed, its condition exacerbated by a two-month war last year between the Iranian-backed Lebanese Hezbollah group and Israel, in which infrastructure and homes were destroyed, the International Monetary Fund has said. An IMF team visited the country last week and met the new government led by President Joseph Aoun and […]

Jazeera Airways CEO Barathan Pasupathi bought roughly $250,000 worth of shares in the airline

Kuwait’s Jazeera Airways CEO buys shares in his own airline

The CEO of Kuwait’s Jazeera Airways has bought 80,000 shares in his own company as the airline embarks on a five-year plan to boost performance. Barathan Pasupathi purchased the shares between March 9 and 13, according to company disclosures on the Kuwaiti Bourse, buying shares worth $250,000 in a series of transactions last week. Shares […]

S&P Saudi Arabia

S&P raises Saudi Arabia’s rating 0ver ongoing reforms

S&P Global Ratings has upgraded Saudi Arabia’s rating to “A+” from “A” with a stable outlook, citing socioeconomic and capital market reforms. Strong non-oil growth and rising oil volumes from 2025 will support medium-term growth prospects, it said. Saudi Arabia’s National Debt Management Centre welcomed the upgrade, saying it would allow the kingdom to issue […]

Mubadala has oil and gas investments in Thailand, Indonesia, Malaysia and Oman

Adnoc targets Mubadala’s energy assets

State-owned Abu Dhabi National Oil Company (Adnoc) is reportedly considering acquiring the energy assets of Mubadala Investment Company, one of the emirate’s sovereign wealth funds. Talks between the two companies, which stalled over valuation, are expected to resume soon, possibly after the end of Ramadan, Bloomberg reported, citing informed sources. The deal was previously valued […]

The 17 aircraft are expected to reduce DAE's weighted average passenger fleet age to 6.9 years

Dubai Aerospace buys 17 aircraft for $1bn

Dubai Aerospace Enterprise (DAE), the Middle East’s largest aviation leasing and engineering company, has acquired 17 aircraft for $1 billion from multiple sellers, the company said in a statement. Eighty percent of the aircraft are manufactured by Airbus, while the remaining 20 percent are from Boeing. The aircraft have been leased to 11 airlines in […]

Tabreed is the exclusive provider of district cooling for Burj Khalifa

Dubai’s Tabreed explores acquisitions for expansion

Dubai-listed district cooling company Tabreed is aiming to expand through acquisitions and organic growth in the UAE and global markets. “We aim to grow our connected capacity by 3 percent to 5 percent annually over 2025 to 2027,” chief financial officer Adel Salem Al Wahedi wrote in the company’s 2024 annual integrated board report. The […]