M&A Brief of the Week

Shuaa Capital

Shuaa Capital shareholders have approved the proposed transaction with Abu Dhabi Financial Group (ADFG).

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Maridive

Maridive and Oil Services has approved an offer worth $37 million from an UAE-based investor to acquire a stake in the company.

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Spinneys Egypt

Investec Asset Management (IAM) announced the acquisition of Spinneys Egypt from Dubai-based private equity firm Abraaj Group.

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GEMS Education

A consortium led by CVC Capital Partners has approved the acquisition of a 30% stake in Dubai-based GEMS Education.

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Abu Dhabi Capital Group

A unit of Abu Dhabi Capital Group (ADCG) has invested about $10 million in Grofers, the Indian online grocery start-up.

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Abraaj

British private equity firm Actis acquired the rights to manage two funds previously run by the now defunct buyout firm Abraaj.

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Utico

Utico is picking up a stake of 88 % in the Singaporean company Hyflux.

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The Saudi Arabian Military Industries

The Saudi Arabian Military Industries (SAMI) has acquired the majority stake of the Aircraft Accessories and Components Company (AACC).

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The Saudi Public Investment Fund

The Saudi Public Investment Fund (PIF) has acquired a 40% stake in a joint venture (JV) between Saudi Arabian Oil Company (Saudi Aramco) and Jacobs Engineering Group.

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Decypha Contribution Time: 18-Jul-2019 11:20 (GMT)
Decypha Last Update Time: 18-Jul-2019 11:23 (GMT)