- Abu Dhabi wealth fund Mubadala Investment Co is exploring the opportunity to purchase a stake in private equity firm EQT AB’s fiber network operator GlobalConnect. The move could see the operator's value shoot up past the $7B mark.
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The infrastructure arm of EQT has been looking into the sale of a minority stake in its GlobalConnect business with a deal most likely to value the business at between €7B ($6.9B) and €10B euros including debt.
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Mubadala's appetite for investment does not appear to be slowing down either, with news breaking that it's close to wrapping up a deal to buy Fortress Investment Group from SoftBank Group Corp. in a purchase that could value the US asset manager at more than $2B.