Mubadala Energy Ventures into US with Kimmeridge Stake
Deal News | Apr 14, 2025 | Zawya
Mubadala Energy, a UAE-based energy company, has announced a strategic 24.10% stake acquisition in Kimmeridge's SoTex HoldCo LLC. This acquisition is facilitated through the issuance of new equity and marks Mubadala's entry into the US market. The investment aligns with Mubadala's global expansion strategy, which focuses on investing across the gas value chain in key energy markets. SoTex, under Kimmeridge's management, is positioned as America's first integrated independent gas company, aiming to deliver low-cost natural gas and meet the demand for responsibly produced LNG. Mubadala believes this investment will boost its growth in the important energy hub of the US, pending customary regulatory approvals.
Sectors
- Energy
- Alternative Asset Management
Geography
- United Arab Emirates – Mubadala Energy is based in the UAE, which influences its global investment strategies.
- United States – The acquisition marks Mubadala Energy's entry into the US market, expanding its international footprint.
Industry
- Energy – The article discusses Mubadala Energy's strategic investment in Kimmeridge's SoTex, indicating a focus on the gas and LNG market strategies within the energy sector.
- Alternative Asset Management – Kimmeridge is noted as an energy-focused alternative asset manager, relevant to this sector classification.
Financials
- 24.10% – The equity stake acquired by Mubadala Energy in Kimmeridge's SoTex.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mubadala Energy | Bidding Company | Company | UAE-based energy company expanding its global portfolio with a strategic stake in Kimmeridge's SoTex. |
| Kimmeridge | Vendor | Company | An energy-focused alternative asset manager with holdings in SoTex HoldCo LLC. |
| SoTex HoldCo LLC | Target Company | Company | A company under Kimmeridge focused on being the first integrated gas independent in the US. |
| Bakheet Al Katheeri | Chairman | People | Chairman of Mubadala Energy, commenting on the strategic impact of the US market entry. |
| Mansoor Mohamed Al Hamed | CEO | People | CEO of Mubadala Energy, highlighting the expansion and strategic portfolio growth. |