Deals
Mubadala Nears Deal to Buy Stake in Health Tech Firm Zelis
- Investment values PE-backed Zelis at about $17 billion
- Zelis is owned by Bain Capital and Parthenon Capital
This article is for subscribers only.
Mubadala Investment Co. is nearing a deal to acquire a minority stake in Zelis that values the health-care technology company at about $17 billion, people with knowledge of the matter said.
The Abu Dhabi wealth fund is putting the final touches on a deal with Zelis’s owners, Bain Capital and Parthenon Capital, according to the people. Mubadala has agreed to anchor a so-called minority recapitalization of Zelis, one of the people said. Other co-investors will be brought in during the coming weeks, the person said.