Abu Dhabi sovereign wealth fund Mubadala is eyeing a $100m stake in UK fintech Revolut, reports suggest.
The state-owned fund, which has some $330bn in assets under management, is said to be in advanced talks to purchase shares, according to Sky News.
If the deal goes through, it would add to the smaller stake acquired by Mubadala last year as part of a wider secondary sale, which saw Revolut valued at £33bn. The fund declined to comment.
Mubadala is said to be keen to buy Revolut shares when they become available, Sky reported, adding that the identity of the selling shareholders is unclear.
VC fund Balderton, which was an early Revolut backer, is said to be keen to monetise its holdings. Sifted has reached out to Balderton for comment. Other Revolut shareholders include Softbank, Coatue and Tiger Global.
Mubadala was a particularly active European tech investor across 2021 and 2022, but its deal flow has since cooled.
So far this year, the company has only invested an undisclosed sum into Dott. The fund was already a shareholder in Tier, which was acquired by Dott.
This article was updated on 8th July to reflect that Mubadala declined to comment.
