Mubadala Weighs Buying Jadwa’s U.A.E. Health-Care Assets - Bloomberg:
Mubadala Investment Co. is in talks to buy Jadwa Investment Co.’s health-care assets in the United Arab Emirates, according to people familiar with the matter.
The Abu Dhabi-based wealth fund is working with Rothschild & Co. on structuring a potential deal with the Saudi Arabian private equity group, some of the people said, asking not to be identified because the talks are private.
Jadwa owns a 42% stake in Abu Dhabi-based United Eastern Medical Services LLC. UEMedical last year acquired a controlling stake in Saudi Arabia’s Al Muhaideb Dental Clinics Group in a 500 million dirham ($136 million) deal.
UEMedical could be valued at least $800 million if the deal proceeds, some of the people said. It’s not clear which assets could be included in Mubadala’s deal with Jadwa, the people said. Discussions are still at an early stage and may not result in a transaction, they said.
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