New program to build on successful partnership targeting high-growth opportunities
Paris and Abu Dhabi, November 9 2017
Mubadala Investment Company, the Abu Dhabi-based strategic investment vehicle, will join CDC International Capital, a subsidiary of Caisse des Dépôts Group dedicated to direct investments alongside sovereign wealth funds, and Bpifrance, co-owned by Caisse des Dépôts and the French government dedicated to financing companies, in a new investment vehicle aimed at private and direct investments in the French economy.
Signed during the official visit of the French President in Abu Dhabi, the objective is to develop an integrated platform with a target investment capacity of up to 1 billion Euros with dual strategic objectives. The investment platform is comprised of two strategic components.
The first component pursues and increases the size and scope of the existing co-investment partnership known as “FEF” (for Franco-Emirati Fund) which was launched by CDC International Capital and Mubadala in 2014 to support the development of French companies within a proven growth potential. FEF has already committed nearly 300 million Euros through long-term investments in healthcare, education, elderly care and real estate. Building on this track record, the two partners will jointly increase the capacity of this program up to 500 million Euros.
A second component, dedicated to technology and innovation in France, will see Bpifrance and Mubadala invest up to 500 million Euros in startups and more mature technology companies through both direct investments and venture capital funds. The program will focus on information and communication technologies, biotech, green tech and other fast-rising technology sectors.
This new investment platform will help foster the growth of French companies while pursuing superior risk-adjusted returns. The positive macroeconomic outlook in France, particularly with the rollout of large-scale infrastructure and real-estate projects as part of the Greater Paris project and ahead of the Olympic Games in 2024, as well as the positive momentum in the French technology sector, will further fuel the opportunities for profitable long-term investments.
Illustration Photo: HOLOFIT™,VR fitness software platform, presented by Holodia, French startup, at BIG 2016 conference organized by Bpifrance. (credits: Pierre Metivier / Flickr Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0))