Mubadala Capital, the wholly-owned alternative asset management subsidiary of Abu Dhabi-headquartered Mubadala Investment Company and Temasek-owned asset management group, Seviora Holdings, have signed a memorandum of understanding (MOU) to establish a strategic partnership between both organisations.
The partnership will create a platform for both parties to “explore mutually beneficial opportunities,” reads the joint release issued on Oct 29.
Under the MOU, both organisations will tap into their strengths and resources to identify and pursue co-investment opportunities and other opportunities globally that align with their long-term respective goals including in Singapore and the UAE.
The MOU will also see a dedicated joint working committee comprising representatives from both organisations. The committee’s members will implement the objectives of the MOU and “facilitate the exchange of knowledge and best practices”.
“We are excited to partner with a like-minded institution such as Seviora Holdings and to explore new avenues for growth together. Our approach is built on long-term partnerships, and we believe this collaboration will unlock significant opportunities as we continue to pursue global investment initiatives,” says Hani Barhoush, CEO and managing director of Mubadala Capital.
“This partnership represents a strategically significant alignment between both firms, reflecting our shared ambition to pursue sustainable growth and create long-term value for our stakeholders,” adds Jimmy Phoon, CEO of Seviora Holdings. “We are thrilled to partner with Mubadala Capital, as we expand and extend our footprint into the Middle East and other regions.
See also: UOB signs MOU with Shanghai Gold Exchange to connect China’s gold supply chain to Asean markets
“Harnessing our combined expertise, deep market insights and global investment networks, this MOU will enable us to jointly identify and leverage the most compelling investment and growth opportunities globally,” he continues.
