The data centre infrastructure company has a contracted and reserved capacity of 878 megawatts (MW), of which 58MW are currently operational
Sidara had received a deadline extension twice, over June and July, to make a final offer for Wood Group
Private credit lenders have recently seen revived competition for financing from banks, which are the traditional lenders for leveraged buyouts
The asset manager is seeding the first strategy within its Mubadala Capital Solutions unit with $2.7bn from its balance sheet
The acquisition is part of the previously announced $1.4bn investment by Apollo into Aldar’s transformational growth initiatives
The deal will see Apollo take a direct minority stake in Aldar Investment Properties at its net asset value
The transaction will result in upfront proceeds of $2.7bn to ADNOC and is expected to close before end of 2020, subject to closing conditions and regulatory approvals