Two of Abu Dhabi’s biggest wealth funds are committing £1.5 billion ($1.9 billion) to back private equity firm EQT AB’s acquisition of Intertek Group Plc, the latest sign of the emirate’s appetite for big-ticket dealmaking despite the cloud of war.

Abu Dhabi Investment Authority committed £1 billion while Mubadala Investment Co. came in with half that amount, according to filings released Thursday. Intertek had agreed to a £9.3 billion bid from EQT, a deal that will lead to another British company leaving the London stock market.

The deal comes days after top executives at Mubadala’s private equity arm said their firm had become one of the industry’s most sought-after sources of capital. The $385 billion wealth fund was one of the biggest backers of global deals last year, and has said it remains well positioned to weather fallout from the war.

ADIA, which manages assets of over $1 trillion, has been similarly prolific. CVC Capital Partners Plc roped in the fund for its takeover bid for Recordati SpA announced last month, which values the Italian drugmaker at about €10.7 billion ($12.4 billion).

The deal spree comes amid a regional conflict that has brought drone attacks on the United Arab Emirates’ oil infrastructure and financial districts. Even so, state-backed investors have continued to deploy billions of dollars globally across deals spanning alternative asset managers, private credit and technology platforms.

Written by: Adveith Nair and Ben Scent @Bloomberg

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