Abu Dhabi’s Mubadala Capital has successfully bypassed a US regulatory hurdle in a $3bn bid for Fortress Investment Group.
The clearance from CFIUS is a move that aligns with Mubadala Capital’s commitment to keep data within US borders. This approval is a crucial step in finalizing a deal that was initially struck with Japan’s SoftBank a year ago.
The asset management sector is witnessing consolidation as major investment firms seek to broaden their private investment portfolios, with banks and insurance companies forging key partnerships with private equity and credit groups.
