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Mubadala partners with Barings to support European middle-market businesses

Mubadala partners with Barings to support European middle-market businesses
The BME is a new organisation platform

UAE - Mubasher: Mubadala Investment Company (Mubadala) has entered into a strategic partnership with Barings, a leading financial services firm, to form the Barings Mubadala Enterprise (BME).

The BME is a new organisation platform that aims to offer financing solutions to European middle-market businesses., according to a press release on Tuesday.

With its capital partners, the BME will enable businesses in Europe to have access to flexible capital solutions by providing $3.5 billion in financing over the next 18 months.

BME will mainly focus on opportunities in the UK, France, Benelux, and Nordics.

Commenting on the partnership, Barings’ Chairman and CEO, Tom Finke, said: "We are looking to take advantage of middle-market direct lending opportunities, focusing on senior secured loans as borrowers shift focus from traditional bank financing to institutional capital providers to fund acquisitions and growth projects."

Meanwhile, Mubadala’s Deputy Group CEO and CEO of Alternative Investments and Infrastructure, Waleed Al Mokarrab Al Muhairi, noted: "BME will draw from the experience and global network of Mubadala and the deep expertise from Barings to deliver value to all stakeholders."