International law firm, Addleshaw Goddard, has advised BlueFive Capital group on its acquisition of a 49% stake in Massar Solutions from Abu Dhabi National Energy Company (TAQA Group). Solutions+, a UAE diversified holding and business process outsourcing and consulting company which is part of the Mubadala group, retains the remaining 51% ownership stake. The deal is a significant transaction within the UAE’s growing mobility and transportation sector.
Founded in 1981, Massar Solutions is a leading provider of mobility and transportation services, managing a fleet of more than 8,500 vehicles across the UAE and Saudi Arabia. The company has also secured trade licenses in Oman and Bahrain, with plans to expand its operations in these markets. Massar serves a diverse client base that includes government entities, large corporations, and logistics operators.
The acquisition is a significant milestone in BlueFive Capital’s strategy to build a regional mobility platform that integrates leading leasing and transport solutions under a single, cohesive ecosystem. The acquisition of Massar Solutions strengthens BlueFive’s mobility platform, expanding its capabilities and enhancing the value delivered to customers. The Addleshaw Goddard team was led by Hardeep Plahe (partner based London with over 20 years of expertise of Middle East deal-making) and James Whittam (partner based in the UAE with significant Middle East expertise), supported by an integrated team of colleagues across the firm’s Dubai and London offices.
Hardeep Plahe, Partner, Addleshaw Goddard, commented: “This transaction reflects the growing sophistication and long-term investment potential of the GCC’s mobility sector, as regional platforms increasingly evolve toward integrated, technology-enabled transportation ecosystems. We continue to see strong investor appetite for scalable infrastructure-backed businesses that align with the region’s broader economic diversification ambitions, and we were delighted to support BlueFive Capital on this strategically significant acquisition and partnership with Mubadala-backed Solutions+.”
James Whittam, Partner, Addleshaw Goddard, added: “The UAE and wider GCC mobility sector is entering an important new phase of growth, driven by increasing demand for operational integration, smarter transportation solutions and regional scale. This transaction represents a strong example of how strategic investment is helping accelerate that transformation. It was a pleasure to work alongside BlueFive Capital and the wider deal team on this milestone transaction.”
