Mubadala takes minority stake in Luckin Coffee
Mubadala Investment Company has agreed to acquire a significant minority interest in Luckin Coffee alongside controlling shareholder Centurium Capital in a transaction valued at about $1 billion, extending the Abu Dhabi sovereign investor’s exposure to China’s consumer sector. The transaction is structured through Success Cup Limited and is expected to give a Mubadala affiliate the right to…
Mubadala Investment Company has agreed to acquire a significant minority interest in Luckin Coffee, valuing the transaction at approximately $1 billion. This move extends Mubadala's involvement in China's consumer sector, with the Abu Dhabi sovereign investor gaining the right to nominate a director to Luckin Coffee's board. The deal, structured through Success Cup Limited, centers on the purchase of over 241 million senior convertible preferred shares from entities linked to Centurium Capital, Luckin's controlling shareholder since 2022.
Mubadala's investment, made together with Centurium Capital, is subject to customary closing conditions. As of June 2026, Luckin Coffee operated more than 36,000 stores globally and had served nearly 500 million customers. The company reported strong financial performance, with a 29% increase in net revenue and a 22% rise in operating profit for the second quarter of 2026.
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- Mubadala to take stake in China’s Luckin Coffee in $1bn deal thenationalnews.com
