Company Overview of Mubadala Development Company
Mubadala Development Company is a sovereign wealth fund of the Government of Abu Dhabi specializing in acquisitions. It prefers to invest in aerospace, capital, energy and industry, healthcare, information and communication technology, infrastructure, metals and mining, semiconductors, real estate and hospitality, and services sectors. The firm’s aerospace unit seeks to invest in aviation and aerospace projects. Its energy and industry unit develops and invests in oil and gas, utilities, renewable, intellectual property-intensive sectors, and industrial ventures. The firm’s healthcare and technology unit focuses on patient care delivery and ancillary services, biotechnology, medical equipmen...
PO Box 45005
United Arab Emirates
Founded in 2002
Key Executives for Mubadala Development Company
Chief Financial Officer and Member of Investment Committee
Chief Operating Officer and Member of Investment Committee
Executive Director of Energy and Industry and Chief Executive Officer of Mubadala Oil and Gas
Executive Director of Structured Finance and Capital Markets
Compensation as of Fiscal Year 2013.
Mubadala Development Company Key Developments
GDF Suez And Veolia Reportedly Bids For Mubadala Unit
Feb 20 14
GDF SUEZ S.A. (ENXTPA:GSZ) and a unit of Veolia Environnement S.A. (ENXTPA:VIE) submitted bids to buy cooling operations in Mubadala Development Company, reported Bloomberg citing two people familiar with the matter. The sale is worth about $300 million and Bank of America Merrill Lynch is advising Mubadala on the disposal, the people said, asking not to be identified as the information isn’t public. Veolia is bidding through its Dalkia unit, they said. According to one of the people, Bank of America Merrill Lynch is at an advanced stage in evaluating the bids and a buyer could be chosen soon. A spokesman for Mubadala declined to comment. Bank of America Merrill Lynch and Dalkia also declined to comment, while calls to GDF Suez weren’t immediately returned.
Peter Lim Reportedly Still Running To Acquire Valencia
Jan 29 14
Peter Lim is reportedly still in the running to acquire Valencia Club De Futbol, S.A.D. Spanish and local media earlier reported that the Singapore businessman did not provide any documentation "which fulfilled any of the 14 due diligence requirements" requested by creditors Bankia, S.A. (CATS:BKIA), and thus ruled out of the bidding process. It is understands that recent developments suggested that Lim's bid to buy 70% of the share belonging to Fundació València Club de Futbol is still very much in consideration by the football club. Valencia CF President, Amadeo Salvo, harshly criticised Bankia and its consulting firm KPMG as the crowd cheered for him, and booed Bankia. Salvo said, "If Bankia wanted to sell its credit, it is more than welcomed to do so. However, if Bankia wanted to sell the club, it will have to enforce the shares pledge. Until such time, Bankia is not entitled to sell the club, which belongs to the shareholders." It is also understood Lim's offer was put up on the table for discussion, and Lim is the only one who has bid for the club - dismissing rumours that TPG Capital, L.P. and Qatar Investment Authority have also submitted bids. Salvo also called for Bankia to reveal the sale proceedings to the club. He said: "Bankia's process is not transparent. Bankia refused to let Valencia know who the 'alleged' offers came from and what are their terms of offer." It is understood that Valencia CF has informed Bankia that it is in control of the club's sales process. Aurelio Martinez, President of the Valencia Foundation, revealed that the committee has until February 24, 2014 to receive all binding offers. He said: "This includes the ones that have potentially have existed under the previous process of KPMG and others and any new ones. KPMG will provide all up to date information that they have received. "The management committee will then meet with the President of Valencia CF, the President of the Foundation Valencia CF, and the Finance Minister of the Generalitat Valenciana to present those offers in detail, and have a full consensual decision from those three (shortlisted) parties regarding who is the best offer for Valencia CF. This decision will happen shortly after February 24, 2014." A source close to Peter Lim said: "Peter has never left the fray. His offer to buy the club on 10 December was made after he was approached by the club, and after meeting the Foundation, the Club management, the President of City of Valencia and Bankia. "It is an offer to help build a winning team and put the club on a sound financial footing. It is a simple and straight forward offer. Peter is very amused by the many recent stories about the Bankia/KPMG process and the purported bids by Mubadala Development Company, QIA, and TPG."
Mubadala Development Company and Cytec Announce Strategic Collaboration
Dec 10 13
Mubadala Development Company and Cytec Industries announced they have entered into a Strategic Collaboration Agreement. The collaboration will support the establishment of an advanced aerospace material ecosystem in the UAE. Mubadala and Cytec are exploring opportunities to support the ongoing development of the aerostructures industry in the emirate of Abu Dhabi in the UAE. This includes evaluating the creation of prepreg manufacturing capabilities in the emirate, with the commitment of major aircraft OEMS to provide the requisite assistance and qualifications. The intent of the Strategic Collaboration Agreement is formalizing the working structure between both parties to discuss the key areas for development of prepreg manufacturing, applications development capabilities and people development in the UAE. The composite content of next-generation aircraft continues to grow tremendously as manufacturers such as large commercial transport and other sectors look to reduce weight and improve fuel efficiency. Cytec and Mubadala will work together to promote their superior technologies and engineering efforts for selected high-performance
carbon composites applications in the structural materials aerospace market.
Similar Private Companies By Industry
Recent Private Companies Transactions