Burns Financial Services announced the establishment of a new platform called “Burns Mubadala Enterprise” (BME) to provide financial solutions to companies operating in intermediate markets on the European continent. Mubadala Investment Company is the main shareholder in this partnership, as it will invest alongside Mas Mutual and Bernice.
BME and its partners will provide $ 3.5 billion in financing over the next 18 months to help meet the growing demand for flexible financing solutions in Europe.
This initiative is an extension of the long-term strategic partnerships that Burns is working to establish with the aim of strengthening its position as an institution operating in the field of financing through intermediate markets on the European continent.
“This partnership will benefit from our outstanding capabilities in providing primary and alternative credit services to help strategic partners such as Mubadala to enter into significant investments,” said Tom Fink, Chairman and CEO of Burns. Intermediary, with a focus on secured loans, coinciding with the borrowers’ shift away from traditional bank financing and moving towards institutional financiers to finance their acquisitions and growth projects.
“Mubadala has a proven track record of establishing strong and successful partnerships with the most prominent institutions in the world,” said Walid Al Muqarrab Al Muhairi, Group Executive Vice President and Chief Executive Officer of Alternative Investments and Infrastructure at Mubadala. For this approach, we are looking forward to strengthening cooperation with Bernice in the coming years, and the BME platform will benefit from the experiences of the Mubadala Group and its global network, as well as from the long experience of Burns, to achieve high value for all partners. ”
BME will focus in particular on opportunities in the United Kingdom, France, Benelux and Northern European countries.
Adam Wheeler, co-chair of Burns’s global private finance group that manages $ 14.2 billion in funds, said: “We are proud to partner with Mubadala as one of the most prominent sovereign investment funds in the world and one of the most important pillars of financing in the Middle East. The partnership is an important step in Bernice’s efforts to enhance its global presence. ”
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