- Mubadala Investment Company has acquired Dental Care Alliance. The deal was made in collaboration with funds overseen by Harvest Partners, a private equity group that specializes in middle-market enterprises.
- According to Florida-based Dental Care Alliance, the partnership offers a wide variety of services, has a solid management team with a track record of success, and has a scalable platform with a large growth trajectory.
- Prior to this agreement, Mubadala and National Resilience, a manufacturer with a focus on technology-based in the US, signed a biopharmaceutical partnership that is anticipated to strengthen the UAE's life sciences sector. By way of this arrangement, Mubadala will build a new manufacturing facility for the production of goods connected to biopharmaceuticals in the Emirates, which will be run by Resilience.
Why it matters
Mubadala oversees more than $284B in assets abroad and is at the center of the UAE's efforts to diversify its economy, increasing its investments in technology, mobility, clean energy, and life sciences. Mubadala aims to invest in new businesses and form alliances to improve the nation's capacity to produce biopharmaceuticals.