UAE Investors acquired 9% stake in a NYC merchant bank

Mubadala Development Company, the investment arm of Abu Dhabi acquired a 9% stake in Raine Group, a boutique merchant bank, as they seek to capitalize on emerging investment opportunities in the media, entertainment and sports ("MES") sectors around the world.

Raine has also secured exclusive relationships with William Morris Endeavor ("WME"), an entertainment agency. In addition to Mubadala and WME, Raine’s investors also include private equity pioneer Ted Forstmann. Abu Dhabi and Mubadala could help to shape the sports and entertainment sectors as the industry continues to change and grow through new technologies and geographies.

Mubadala is listed in the Middle East Investors Directory with the code EM14.

Their full release follows