Abu Dhabi's sovereign wealth fund Mubadala Investment Co. has become an investor in Lucky Coffee, the largest coffee chain in China. According to regulatory documents, Mubadala became an indirect investor in Lucky Coffee after reaching a deal with Centurium Capital, Lucky Coffee's main private equity investor. Mubadala will have the power to appoint a director to Lucky Coffee's board of directors. The fund said in another statement that the deal was valued at around $1 billion. As an important investor in the Chinese market, Mubadala's previous investments include fast fashion retailer Xiyin and commercial real estate operator Zhuhai Wanda Commercial Management.

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