A. SREENIVASA REDDY (ABU DHABI)
Abu Dhabi companies stepped up their global investment drive on Tuesday, announcing multi-billion-dollar commitments across energy, healthcare technology and financial services sectors, reinforcing the emirate’s growing international footprint.
ePointZero, 2PointZero Group, Mubadala Investment Company and International Holding Company (IHC) unveiled investments with the United States, India and global health technology platforms.
In one of the largest deals, ePointZero, a subsidiary of 2PointZero Group, entered into an agreement to acquire a 100% stake in US-based Traverse Midstream Partners for $2.25 billion, according to a stock market disclosure.
Traverse Midstream, a portfolio company of The Energy & Minerals Group, holds a portfolio of high-quality non-operated midstream assets, including minority stakes in key US energy infrastructure such as the Rover Pipeline and the Ohio River System.
These assets play a critical role in transporting natural gas from major shale production regions in Ohio, Pennsylvania and West Virginia to demand centres across North America.
The acquisition aligns with ePointZero’s strategy of investing in energy infrastructure and systems that support electrification, digitalisation and energy resilience. The transaction remains subject to regulatory approvals.
Abu Dhabi’s push into high-growth consumer health technology was also evident, with both 2PointZero Group and Mubadala investing in WHOOP, a US-based wearable health and wellness platform.
2PointZero participated in WHOOP’s $575 million Series G funding round, which values the company at $10.1 billion. The investment strengthens the group’s consumer portfolio by adding a fast-growing, subscription-based health technology platform operating in over 200 countries.
Samia Bouazza, CEO of 2PointZero Group, said: “At 2PointZero, we deploy capital where growth, strong fundamentals, and scalability align. We believe WHOOP has built a defensible moat at the intersection of technology, health and data. This investment reflects our strategy of backing strong founders and management teams to accelerate growth and compound shareholder value over time.”
WHOOP Founder and CEO Will Ahmed said: “We are proud to partner with 2PointZero Group as WHOOP enters its next phase of global growth. This investment will help accelerate our growth in the UAE and globally.”
Mubadala Investment Company also invested $75 million in the same funding round, which included leading global investors and high-profile individual backers such as Cristiano Ronaldo, LeBron James and Rory McIlroy.
The proceeds will support WHOOP’s expansion across the US, Europe, GCC, Latin America and Asia, as well as the development of advanced health platforms and research capabilities.
The investments underline Abu Dhabi’s ambition to position itself as a hub for life sciences innovation and data-driven healthcare systems, with a focus on preventative health and long-term productivity.
Meanwhile, IHC advanced its international expansion by securing approvals to acquire a 41.5% stake in India’s Sammaan Capital for approximately $1 billion.
The transaction is being executed in stages, with 26.9% already acquired and the remaining stake to be secured through share warrants over 18 months. A mandatory tender offer will also be launched to acquire up to 26% from public shareholders.
Following completion, IHC will become a promoter of Sammaan Capital, gaining the right to appoint a majority of the board and play an active role in shaping the company’s strategy.
Sammaan Capital, one of India’s largest non-banking financial companies focused on mortgage lending, operates through 220 branches across more than 150 cities and employs over 4,430 people, playing a key role in financial inclusion.
Syed Basar Shueb, CEO of IHC, said: “This milestone marks an important step in our long-term strategy to expand in India’s financial services sector. We see significant opportunities to enhance capabilities, including through the adoption of AI.”
Gagan Banga, CEO and Managing Director of Sammaan Capital, added: “Welcoming IHC as our promoter brings strong alignment in long-term vision, as well as capital strength to support our next phase of growth.”
The series of transactions highlights Abu Dhabi’s continued deployment of capital into strategic global sectors.