April 20, 2017 / 7:24 AM / 3 years ago

Abu Dhabi's Mubadala attracts $2.5 bln in Europe private equity deal

ABU DHABI, April 20 (Reuters) - Mubadala Capital, an arm of Abu Dhabi’s state fund Mubadala, said it had conudcted a private equity transaction with European fund manager Ardian, which had committed to invest $2.5 billion in the deal.

It is the first time that Mubadala Capital is accepting capital from third-party investors, Mubadala said in a statement on Thursday.

The deal has two components: Ardian is acquiring an interest in a private equity portfolio currently managed by Mubadala Capital, and Mubadala is establishing a new private equity fund in which Ardian will be a lead investor. (Reporting by Stanley Carvalho; Writing by Saeed Azhar; Editing by Andrew Torchia)

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