CDC International Capital (CDC I Capital), the investment arm of France’s Caisse des Dépôts group dedicated to long term investments with large international institutional investors and sovereign wealth funds, and Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, today announced the launch of a €300 million co-investment platform to pursue investment opportunities.
The platform has been created to target attractive long term returns through investments across a diverse range of sectors, primarily in France. Investments will mainly target equity stakes in private companies, but the platform will also invest in other asset classes such as real estate or infrastructure.
Both parties have agreed an initial commitment of €150 million each for joint investments, which will be managed by an investment team consisting of senior professionals from both CDC I Capital and Mubadala.
The definitive agreement was signed today in Paris by Mr. Laurent Vigier, CEO of CDC I Capital, and Mr. Waleed Al Mokarrab Al Muhairi, Mubadala’s Deputy Group CEO.
Jean-Pierre Jouyet, Group CEO, Caisse des Dépôts, said:
“We are delighted to have formed this co-investment platform alongside Mubadala Development Company, long-term partnerships like this are an increasingly important source of capital to drive economic growth. Our respective investment teams are already reviewing a strong pipeline of potential investments in France that will capitalize on the track record and sector expertise of both parties to support the development of the companies in which we invest, and generate attractive returns.
Waleed Al Mokarrab Al Muhairi, Mubadala’s Deputy Group CEO, commented:
“Mubadala looks to establish relationships with experienced international partners in order to invest in key markets that we believe hold long term potential. Our collaboration with Caisse des Dépôts International Capital provides us with a platform to co-invest with a highly reputed partner.”