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Sovereign Wealth Fund
icd.gov.ae

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Investments

12

Partners & Customers

1

About Investment Corporation of Dubai

Investment Corporation of Dubai is a sovereign wealth fund from the United Arab Emirates. Founded in 2006, the fund has 70$B in assets.

Investment Corporation of Dubai Headquarters Location

P.O. Box 333888 Gate Village 7, 6th Floor

United Arab Emirates

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Latest Investment Corporation of Dubai News

Dubai’s ICD Explores Sale of $1 Billion IT Services Firm

Apr 25, 2022

7:49 PM IST, 25 Apr 2022 7:32 PM IST, 25 Apr 2022 7:49 PM IST, 25 Apr 2022 Save (Bloomberg) -- Dubai’s sovereign wealth fund is exploring a potential sale of British software services company SmartStream Technologies Group, according to people familiar with the matter. (Bloomberg) -- Dubai’s sovereign wealth fund is exploring a potential sale of British software services company SmartStream Technologies Group, according to people familiar with the matter. Investment Corp. of Dubai is working with advisers at Deutsche Bank AG to identify potential suitors for the business, the people said, asking not to be identified as the matter is private. SmartStream’s owner is seeking about $1 billion in a potential sale that could draw both financial and strategic investors, the people said. No final decisions have been made, and the fund may decide to retain the asset if it fails to find suitable bidders, the people said. A representative for ICD wasn’t immediately available for comment, while a Deutsche Bank spokesperson declined to comment. A Dubai state entity initially bought SmartStream in 2007 from private equity firm TA Associates after the U.K. firm scrapped its initial public offering. SmartStream’s ownership was then transferred to ICD and the wealth fund currently controls the company, which specializes in providing software solutions to the financial industry. Dubai is working on an ambitious plan to privatize as many as 10 firms to raise cash and revive its capital markets. The city’s main power and water company raised $6.1 billion in the world’s second-biggest initial public offering this year, defying a global slowdown in listings. ©2022 Bloomberg L.P.

Investment Corporation of Dubai Investments

12 Investments

Investment Corporation of Dubai has made 12 investments. Their latest investment was in Slurrp Farm as part of their Series B on February 2, 2022.

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Investment Corporation of Dubai Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/23/2022

Series B

Slurrp Farm

$7M

Yes

5

5/12/2021

Series D

Inari

$208M

No

13

10/27/2020

Series C - II

Fresh To Home

$121M

Yes

11

6/10/2020

Private Equity - II

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10

7/3/2019

Series C

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$99M

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10

Date

2/23/2022

5/12/2021

10/27/2020

6/10/2020

7/3/2019

Round

Series B

Series D

Series C - II

Private Equity - II

Series C

Company

Slurrp Farm

Inari

Fresh To Home

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Amount

$7M

$208M

$121M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

5

13

11

10

10

Investment Corporation of Dubai Partners & Customers

1 Partners and customers

Investment Corporation of Dubai has 1 strategic partners and customers. Investment Corporation of Dubai recently partnered with Mubadala Investment Company on June 6, 2013.

Date

Type

Business Partner

Country

News Snippet

Sources

6/3/2013

Partner

United Arab Emirates

1

Date

6/3/2013

Type

Partner

Business Partner

Country

United Arab Emirates

News Snippet

Sources

1

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