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4-Traders Homepage  >  Equities  >  Tokyo  >  SoftBank Group Corp    9984   JP3436100006

SOFTBANK GROUP CORP (9984)
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OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

SoftBank : Mubadala to launch $400m European tech fund

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06/14/2018 | 05:47pm CEST

UAE-based Mubadala Investment Company (Mubadala) has planning to create a $400 million fund which will mainly invest in leading European technology companies.

The announcement was made during London Tech Week, a week-long festival of technology and innovation focused on creating new innovative investment opportunities in the UK.

Mubadala said the fund will be managed by its venture capital arm, Mubadala Ventures and SoftBank Group will participate as a strategic investor via its SIMI US Holdings I, investment subsidiary.

The fund will target founder-led, high growth technology companies with global scale and impact, said the Abu Dbai-based firm in its statement.

The fund will work closely with early-stage UK and other European funds. As part of its European strategy, Mubadala Ventures will expand its fund of funds programme and invest in both established and emerging fund managers across the continent, it added.

Unveling the plans, Waleed Al Mokarrab Al Muhairi, the Deputy Group CEO and Alternative Investments & Infrastructure CEO at Mubadala, said: "We believe the UK is a very strong market for future technology innovation and entrepreneurship. Tech Week reinforces both its existing technology base and the call for new investors in the UK."

"Mubadala’s investment approach is based on partnership and this is exemplified through the strong working relationship we have established with the SoftBank Group. The launch of a $400 million fund to support the growth of pioneering entrepreneurs complements Mubadala’s global portfolio of investments across the full spectrum of the tech sector," he stated.

Source: TradeArabia

(c) 2018 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( JPY)
Sales 2019 9 320 B
EBIT 2019 984 B
Net income 2019 653 B
Debt 2019 12 106 B
Yield 2019 0,53%
P/E ratio 2019 13,86
P/E ratio 2020 5,86
EV / Sales 2019 2,28x
EV / Sales 2020 2,14x
Capitalization 9 165 B
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 12 546  JPY
Spread / Average Target 51%
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Managers
NameTitle
Masayoshi Son Chairman & President
Raul Marcelo Claure Chief Operating Officer & Director
Rajeev Misra Director & Head-Strategic Finance
Tadashi Yanai Independent Outside Director
Ken Miyauchi Representative Director & Vice President
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