Mubadala to acquire a majority stake in Bugaboo from Bain Capital.

Mubadala, a sovereign investor managing a diverse portfolio of assets in the UAE and abroad, agreed to acquire a majority stake in Bugaboo, a provider of strollers and premium children’s consumer products, from Bain Capital, a private equity firm. Financial terms were not disclosed. "Over the last five years, we have almost doubled revenues due to both organic growth and the successful acquisition and integration of complementary brands in the worldwide juvenile products market. With Mubadala Capital’s support, our brand and product design, our teams, and our business partners are poised for the next phase of our growth and development into new markets. Most importantly, this partnership will bring great benefits for our customers – current and future generations of parents and children," Adriaan Thierry, Bugaboo CEO.