UAE’s Mubadala Seeks Change at European Startups to Boost Return
- Abu Dhabi fund pushing portfolio firms as valuations plunge
- Some startups are lacking strategic precision, fund says
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Abu Dhabi’s Mubadala Investment Co. is taking an increasingly active approach to the European startups it backs as it seeks to improve returns, according to people familiar with the matter.
Since the start of this year, at least four companies in Mubadala’s European portfolio have undergone either major structural change, refinancing, or a replacement of leadership, coinciding with a global chill in the sector.