Mubadala's Strategic Investment in Zelis
Deal News | Jan 10, 2025 | Akin Gump Strauss Hauer & Feld
Akin Gump Strauss Hauer & Feld LLP has advised Mubadala Investment Company in its strategic investment to acquire a minority stake in Zelis, a prominent healthcare technology solutions provider based in the United States. This investment also includes contributions from co-investors Norwest and HarbourVest. The primary advisory team from Akin Gump was led by private equity partners Amy Wollensack and Eli Miller and supported by experts across various fields such as capital markets, debt finance, tax, intellectual property, and international trade among others. This venture signifies a crucial move for Mubadala, aligning with its strategy to expand its footprint in technology-driven healthcare solutions globally.
Sectors
- Healthcare Technology
- Private Equity
Geography
- United States – Zelis, the target company, is a healthcare technology solutions provider based in the United States.
- United Arab Emirates – Mubadala Investment Company, the buyer, is based in Abu Dhabi, UAE.
Industry
- Healthcare Technology – The involvement of Zelis, a provider of healthcare technology solutions, places the transaction firmly within the healthcare tech industry.
- Private Equity – Mubadala's investment in Zelis along with co-investors indicates participation in private equity activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mubadala Investment Company | Buyer | Company | Mubadala is an Abu Dhabi-based investment company engaging in strategic investments across various sectors. |
| Zelis | Target company | Company | Zelis is a leading provider of healthcare technology solutions in the United States. |
| Norwest | Co-Investor | Company | A diversified investment firm participating as a co-investor in the purchase of a minority stake in Zelis. |
| HarbourVest | Co-Investor | Company | A global private markets investment firm also co-investing alongside Mubadala in Zelis. |
| Akin Gump Strauss Hauer & Feld | Legal Advisor | Company | A law firm advising Mubadala Investment Company on this strategic investment. |