Alpha Dhabi acquires stake in NTS Amega Global

Alpha Dhabi Holding has acquired a 51 percent stake in NTS Amega Global, a renowned cutting-edge manufacturing, repair, and rental solutions provider in the Oil & Gas sector. With this acquisition, NTS Group cements its position as a global frontrunner in producing drilling, subsea, top-side, and process components. This encompasses repairing Measuring and Logging While […]

Bahrain’s GFH acquires Saudi food services and logistics company for $133mln

Bahrain’s GFH Financial Group has confirmed it will acquire a Saudi Arabian food services and logistics business for SAR 500 million ($133 million). In a statement to Dubai Financial Market (DFM), GFH said the company had an enterprise value of SAR 500 million. Razi Al Merbati, CEO of GFH Capital S.A., said: “This transaction will […]

ADQ-backed Silal acquires majority stake in SAFCO Group

ADQ-backed Silal has acquired a majority stake in SAFCO Group, a UAE food and beverage distributor, in a deal that will bolster the company’s market presence and expand its footprint in the food service and distribution industry. The Abu Dhabi-based agtech firm said the transaction aligns with its growth ambitions and significantly strengthens its presence […]

PureHealth acquires UK’s Circle Health Group for $1.2bn

PureHealth, the largest healthcare platform in the Middle East, has signed an agreement to acquire the UK’s largest independent operators of hospitals, Circle Health Group in a deal valued at $1.2 billion. This acquisition underlines the UAE company’s commitment to delivering world-class medical care to patients globally, as well as developing new clinical care pathways […]

Multiply Group’s unit MG Wellness acquires stake in LVL Technology

Abu Dhabi-based Multiply Group’s wellness-focused subsidiary, MG Wellness Holding has acquired 49.38 percent equity interest of LVL Technology. LVL Technology Holding’s LVL Wellbeing is a corporate wellbeing platform that provides individual, team, and corporate wellbeing practices that contribute to a healthier work or life balance. The company said in a statement that “the investment will […]

Dubai Islamic Bank to acquire 25% stake in Turkey digital bank

  Dubai Islamic Bank, the UAE’s largest Islamic lender, said on Wednesday its board of directors has approved a proposal to acquire 25% stake in a new digital banking group in Turkey in line with its international expansion strategy. The Dubai Financial Market-listed lender in a regulatory statement on Wednesday neither named the digital bank […]

Mubadala-backed M42 acquires Bridgepoint’s dialysis firm Diaverum

Abu Dhabi’s M42, a newly created healthcare joint venture by state fund Mubadala Investment Company and artificial intelligence firm G42, has acquired Bridgepoint Group’s European dialysis clinic chain Diaverum. M42 will buy Sweden-based Diaverum, making it the largest healthcare company in the Middle East, it said in a statement. M42 did not disclose the value […]

UAE’s Masdar acquires 50% stake in US project from EDF Renewables

State-owned Masdar, the UAE’s biggest renewables company, has completed the acquisition of a 50% stake in a combined solar and battery storage project in California. In a statement issued by the Abu Dhabi-based operator on Wednesday, the financial details of the deal were not disclosed. The stake in the Big Beau project, which was first […]

Abu Dhabi’s defence firm EDGE acquires majority stake in Estonia’s Milrem Robotics

Abu Dhabi state-backed defence conglomerate EDGE has acquired a majority stake in Estonia-based Milrem Robotics, a developer of robotics and autonomous systems that are sold to NATO member countries. The value of the transaction has not been disclosed. After the acquisition, EDGE will take majority control of the Estonian company, according to a statement on […]

UAE’s ADCB sells NPL portfolio worth $1.1bln to investment funds

UAE’s Abu Dhabi Commercial Bank PJSC  (ADCB) has sold a portfolio of non-performing loans (NPL) worth 4.2 billion dirhams ($1.1 billion) to investment funds advised by Davidson Kempner Capital Management LP. The transaction represents the first sale of a significant portfolio of NPLs by ADCB and is thought to be the largest such transaction effected […]