The investment marks BlueFive Capital’s entry into the UAE’s vehicle leasing and fleet management market through a partnership with Mubadala-backed Solutions+.

BlueFive Capital has expanded into the UAE’s mobility sector after acquiring a 49% stake in LeasePlan Emirates from global mobility company Ayvens.

The transaction gives the alternative investment platform a foothold in one of the UAE’s established vehicle leasing and fleet management operators, while Solutions+, a Mubadala company, retains a majority 51% stake in LeasePlan Emirates.

Why You Should Care?

The deal reflects growing investor interest in mobility infrastructure and transport services as the UAE continues to diversify its economy beyond traditional sectors. It also positions BlueFive Capital to enter a market supported by long-term demand from corporate, government, and individual customers.

LeasePlan Emirates manages a fleet of approximately 7,000 vehicles across the UAE and provides leasing and fleet management services to businesses, public sector entities, and private customers. Through the acquisition, BlueFive Capital gains access to an existing operational platform, customer base, and regulatory framework that can support future expansion in mobility services.

“LeasePlan Emirates is a trusted and established partner in fleet management, and we plan to expedite its growth, improve the company’s usage of technology, and initiate the provision of environment-friendly transport solutions,”

Hazem Ben-Gacem, CEO of BlueFive Capital.

The acquisition aligns with BlueFive Capital’s broader strategy of investing in sectors linked to economic transformation and infrastructure development. The firm said it intends to support LeasePlan Emirates’ growth through technology adoption and the introduction of sustainable transportation solutions.

For Solutions+, the partnership brings a new investor into the business while maintaining majority ownership of the company.

“By combining our local expertise with BlueFive Capital’s global perspective and commitment to innovation, we are poised to accelerate digital transformation, enhance operational excellence, and continue to expand our footprint across the region,”

Nasir Al Nabhani, Managing Director of Solution

The Ripple

The deal underscores continued momentum in the UAE’s mobility sector, where fleet operators and transport service providers are increasingly investing in digital capabilities and sustainable transportation offerings. It also highlights the growing role of private capital in scaling mobility businesses that support both corporate and public sector transportation needs.

For Ayvens, the sale represents a partial exit from LeasePlan Emirates, while for Solutions+, the partnership introduces a new strategic investor while maintaining operational control of the business.

What to Watch

The next phase of growth for LeasePlan Emirates will likely center on technology integration, operational efficiencies, and the development of environmentally friendly mobility solutions. 

The partnership between BlueFive Capital and Solutions+ may also pave the way for regional expansion opportunities as demand for managed fleet and mobility services continues to grow across the Gulf.