Betting on Eike

Betting on Eike

M&A

Brazil once again made headlines when Abu Dhabi sovereign wealth fund Mubadala Development Company paid $2 billion for a 5.63% stake in billionaire Eike Batista’s EBX Group. The purchase was another indication that Middle East investors are keeping an eye on big ticket purchases in the region, and put a value of $35 billion on Batista’s group of 11 businesses. Analysts find EBX’s financials not transparent enough to put a value on the whole company, but the price was seen as around a 40% premium over the market value only considering the listed components of the group. Middle Easterners and other sovereign wealth vehicles prefer these types of private, pre-IPO investments, bankers sa

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