Mubadala to acquire a minority stake in Dorothea from Asper Investment Management for $572m.

Mubadala, the sovereign wealth fund of Abu Dhabi, agreed to acquire a minority stake in Dorothea, a district heating services provider, from Asper Investment Management, a private equity firm, for $572m. This investment is highly attractive for us, as heating networks not only support the development of sustainable energy infrastructure, but are also stable assets which provide predictable cash flows and steady returns. Mubadala and Asper have a successful record of investing in public energy services and as Europe transitions to a zero-carbon future, we are excited about the role that Dorothea will play in this," Khaled Abdulla Al Qubaisi, Mubadala Aerospace, Renewables and ICT CEO.