Mubadala to take stake in China’s Luckin Coffee in $1bn deal
Abu Dhabi sovereign wealth fund Mubadala Investment Company has said it will make a significant minority investment in Chinese coffee chain Luckin Coffee alongside its controlling shareholder Centurium Capital, in a deal worth about $1 billion. The companies did not disclose how much Mubadala is investing, the size of the stake it will acquire or the valuation of Luckin implied by the…
Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, has announced plans to make a significant minority investment in Chinese coffee chain Luckin Coffee, in a deal valued at approximately $1 billion. The investment, which does not disclose the exact amount Mubadala is investing or the stake it will acquire, is expected to support the company's continued growth and innovation.
Mubadala's head of Asia, Private Equity, Mohamed Albadr, stated that the company sees compelling long-term opportunities in China's consumer sector, which includes the rapidly growing coffee market. The transaction is subject to customary closing conditions. Mubadala's expansion into China's consumer and technology sectors is part of its broader global investment strategy, which has evolved since entering the Chinese market in 2015.
The coffee market in China is projected to reach $5.36 billion by 2033, with a compound annual growth rate of 6.4 percent from 2026 to 2033.
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- Mubadala to take stake in China’s Luckin Coffee in $1bn deal thenationalnews.com
- Mubadala takes minority stake in Luckin Coffee thearabianpost.com
