Mubadala Anchor Investor in New Origination Platform
CHARLOTTE, North Carolina
and ABU DHABI, UAE, Sept. 22,
2020 /PRNewswire/ -- Barings, one of the world's
leading financial services firms, today announced that it has
formed the Barings Mubadala Enterprise (BME) – an evergreen
origination platform seeking to provide financing solutions to
European middle-market businesses.
BME and its capital partners aim to provide $3.5 billion in financing over the next 18 months
to help meet growing corporate demand for flexible capital
solutions in Europe. The
partnership is anchored by Mubadala Investment Company (Mubadala),
and will invest alongside MassMutual and Barings' capital. This
initiative continues to build on Barings' base of long-term,
strategic partnerships and its position as a leading institutional
capital provider across the European middle market landscape.
Barings' Chairman and CEO Tom
Finke said: "This partnership will leverage our significant
capabilities in origination and alternative credit to help
strategic capital partners such as Mubadala invest with scale. We
are looking to take advantage of middle-market direct lending
opportunities, focusing on senior secured loans as borrowers shift
focus from traditional bank financing to institutional capital
providers to fund acquisitions and growth projects."
Waleed Al Mokarrab Al Muhairi,
Mubadala's Deputy Group CEO and CEO of Alternative Investments
& Infrastructure said: "Mubadala has a long history of
establishing strong, value-creating partnerships with leading
global organizations. The partnership with Barings, through the
establishment of BME, is very consistent with this approach. We
look forward to deepening our collaboration with Barings over the
coming years. BME will draw from the experience and global network
of Mubadala and the deep expertise from Barings to deliver value to
all stakeholders."
BME will focus particularly on opportunities in the United Kingdom, France, Benelux and the Nordics.
Adam Wheeler, Co-Head
of Barings' $14.2 billion Global Private Finance
Group, added: "We are incredibly proud to be partnering with
Mubadala, one of the world's leading sovereign investors and one of
the pillars of Middle-East
finance. This represents an important step in Barings' efforts to
expand its global footprint."
About Barings
Barings is a $346+ billion* global
financial services firm dedicated to meeting the evolving
investment and capital needs of our clients and customers. Through
active asset management and direct origination, we provide
innovative solutions and access to differentiated opportunities
across public and private capital markets. A subsidiary of
MassMutual, Barings maintains a global presence across North America, Europe and Asia
Pacific.
*As of June 30, 2020
About Mubadala Investment Company
Mubadala Investment
Company is a sovereign investor managing a global portfolio, aimed
at generating sustainable financial returns for its shareholder,
the Government of Abu Dhabi.
Mubadala's US $229 billion portfolio
spans five continents with interests in multiple sectors including
aerospace, ICT, semiconductors, metals and mining, renewable
energy, oil and gas, petrochemicals, utilities, healthcare, real
estate, pharmaceuticals and medical technology, agribusiness and a
global portfolio of financial holdings across all asset
classes.
Mubadala's financial investment arm, Mubadala Capital was
established in 2011 and operates six integrated businesses focused
on various asset classes and geographies that include private
equity, public equities, ventures capital and credit, in addition
to a Brazil focused investment
business and certain sovereign investment partnerships. The unit
invests globally across the capital structure in both public and
private securities. In addition to managing its own balance sheet
investments, Mubadala Capital invests third-party capital on behalf
of institutional investors in four of its six businesses.
For more information, please visit www.mubadala.com, follow
@mubadala on Twitter.
Media Contacts:
For Barings:
Cheryl
Krauss
Media Relations, Barings
980-417-5858
cheryl.krauss@barings.com
Brunswick for
Mubadala:
Alex Blake-Milton +971 50 694
7589
Tom Drummond +971 54 305 6609
mubadalacapital@brunswickgroup.com
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