Abu Dhabi-based BlueFive Capital has acquired a 49% stake in LeasePlan Emirates through its BlueFive Reef PE Fund I, with Solutions+, a wholly owned subsidiary of Mubadala Investment Company, retaining the majority 51% holding.
The stake was purchased from Ayvens, a global sustainable mobility company, with financial terms undisclosed. Established in 2006, LeasePlan Emirates operates a fleet of approximately 7,000 vehicles and provides leasing and fleet management services to corporates, government entities, and individuals across the UAE.
The transaction mirrors BlueFive's earlier acquisition of a 49% stake in Massar Solutions, a mobility and transportation services provider formerly held by TAQA, in which Solutions+ also retained a majority interest. The deal deepens BlueFive's exposure to the UAE's mobility sector and reflects the firm's broader strategy of targeting high-potential regional economies. BlueFive Capital manages USD 4.4 billion in assets across offices in Abu Dhabi, Dubai, London, Manama, Muscat, and Beijing.
Gulf Economist Staff Writer