ADIA allocating to direct investments

October 2, 2019 (Abu Dhabi)

A recent article on Gulf Business reported that Abu Dhabi based sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA) is allocating more money to direct investments and stepping up its deal-making with buyout firms.

ADIA and Cinven are working with a financial adviser as they consider making a joint bid for KKR’s scientific measurement and testing company LGC Group, an independent chemical and bioanalytical measurement company.  KKR commenced a formal sale process and the sale this week which has attracted interest from suitors including Thermo Fisher Scientific and Danaher and other private equity firms such as Blackstone Group, Carlyle Group, CVC Capital Partners and EQT Partners.

The article noted that ADIA has also teamed up with private equity firms Advent International and Cinven to consider a joint bid for Thyssenkrupp AG’s elevator unit.

Read the original article on Gulf Business: ADIA is stepping up its deal making with buyout firms