Mubadala Buys Minority Stake in Luckin Coffee in $1 Billion Deal
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The investment comes as Luckin faces intensifying competition in China’s beverage market. Photo: VCG
Abu Dhabi sovereign wealth fund Mubadala Investment Co. has acquired a minority stake in Luckin Coffee Inc. through a roughly $1 billion transaction involving the Chinese coffee chain’s controlling shareholder.
Under the arrangement, Mubadala partnered with private-equity firm Centurium Capital Management Ltd., which transferred part of its Luckin holdings to a Mubadala-backed special-purpose vehicle.
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