Babel Acquired by Mubadala: Majority Stake Secured
Deal News | Nov 19, 2024 | Finance Community ES 2 - Corporate M&A
Mubadala Capital, the asset management subsidiary of Mubadala Investment, has agreed to acquire a 65% majority stake in Babel, a digital transformation and IT services provider based in Madrid. Babel, founded in 2003, is one of the fastest-growing IT service companies in Europe, known for delivering top-notch services to its high-profile clients. Mubadala Investment is a global sovereign investor based in Abu Dhabi with approximately $302 billion in assets. Mubadala Capital manages about $24 billion, including its own investments and third-party capital vehicles. The acquisition is part of Mubadala Capital's strategy to strengthen its presence in business services and highlights its commitment to investing in emerging market leaders. Houlihan Lokey advised Mubadala Capital on the transaction with a multidisciplinary team across jurisdictions. ING provided corporate finance advice, while Alvarez & Marsal conducted due diligence services for Mubadala.
Sectors
- Digital Transformation
- IT Services
- Private Equity
Geography
- Spain – Babel, the target company, is based in Madrid, Spain, making this geography key to the article.
- United Arab Emirates – Mubadala Investment, the buying company, is based in Abu Dhabi, UAE, which is relevant to the article.
Industry
- Digital Transformation – The acquisition of Babel, a digital transformation service provider, is central to this industry classification.
- IT Services – Babel is renowned for offering comprehensive IT services, making this industry relevant to the article.
- Private Equity – Mubadala Capital's role in acquiring a majority stake in Babel highlights its strategic investments in the Private Equity sector.
Financials
- 65% – The percentage of Babel acquired by Mubadala Capital.
- $302 billion – The assets under management by Mubadala Investment.
- $24 billion – The total managed by Mubadala Capital, including third-party capital.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Babel | Target Company | Company | A digital transformation and IT services provider based in Madrid. |
| Mubadala Capital | Bidding Company | Company | The asset management subsidiary of Mubadala Investment, acquiring a majority stake in Babel. |
| Mubadala Investment | Parent Company | Company | A global sovereign investor based in Abu Dhabi, UAE, managing Mubadala Capital. |
| Houlihan Lokey | Corporate Finance Advisor | Company | Advised Mubadala Capital on the acquisition with a team based in Madrid and other jurisdictions. |
| ING | Corporate Finance Advisor | Company | Provided corporate finance advice to Mubadala Capital on the acquisition. |
| Alvarez & Marsal | Due Diligence Advisor | Company | Conducted due diligence services for Mubadala in the acquisition. |
| Carlos Params | Managing Director | Person | Part of the Houlihan Lokey team advising Mubadala Capital. |
| Matteo Carnini | Vice President | Person | Part of the Houlihan Lokey team advising Mubadala Capital. |
| Jaime Ramirez Cabrera | Analyst | Person | Part of the Houlihan Lokey team advising Mubadala Capital. |
| Borja del Palacio | Managing Director | Person | Part of the ING corporate finance team advising Mubadala Capital. |
| Cristina Almeida Luna | Managing Director | Person | Led the Alvarez & Marsal team for due diligence services. |