acquisition

Mumtalakat looks for buyers of McLaren stake

Bahrain’s sovereign wealth fund, Mumtalakat, is reportedly looking to offload its stake in UK luxury car maker McLaren. A spokesman for the fund told the...

Gulf Islamic Investments acquires Saudi asset manager

UAE-based Gulf Islamic Investments (GII) has expanded its operations to Saudi Arabia after making an acquisition. The alternative investment manager has bought an unnamed but...

Sovereign wealth driving Mena M&As – report

Sovereign wealth funds (SWF) dominated M&A activity in 2023, according to a newly published report. The report from Bain & Company found that government-backed funds...

Eshraq completes Goldilocks acquisition

Abu Dhabi-based asset manager Eshraq Investments has concluded its acquisition of fellow Abu Dhabi-based fund Goldilocks Investment. According to a filing with the Abu Dhabi...

Gulf Islamic Investments makes UK real estate acquisition

Shariah-compliant asset manager Gulf Islamic Investments (GII) has purchased a majority stake in UK real estate financing firm OFFA. Financial details of the transaction were...

PIF continues investment in gaming sector

Saudi sovereign wealth fund, the Public Investment Forum (PIF), is set to invest more than US$1 billion to acquire a stake in Swedish video...

GII buys digital bank from Mubadala

UAE sovereign wealth fund Mubadala has sold Anglo-Gulf Trade Bank (AGTB) to Gulf Islamic Investments (GII), a UAE-based private equity firm. The sharia-compliant GII has...

Investcorp in negotiations to buy AC Milan

Bahrain-based asset manager Investcorp has entered exclusive talks to buy Italian football team AC Milan. The seven-times winner of the European Champions League is valued...

GFH expands US healthcare portfolio

Bahrain-based asset manager GFH Financial Group has bolstered its US property portfolio with the purchase of a number of medical offices. The asset manager paid...

Amethis fund acquires stake in Tarjama

Amethis, a European fund manager with an African-focused fund, has acquired a stake in Mena-based language technology firm Tarjama. The acquired company, which was founded...