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Abu Dhabi wealth fund ADQ signs deal for stake in Egypt luxury hotels

Consumer

15 January, 2024

Abu Dhabi wealth fund ADQ signs deal for stake in Egypt luxury hotels

Abu Dhabi wealth fund ADQ has agreed to acquire a 40.5% stake in ICON, the hospitality arm of Egypt's Talaat ......

Premium
ADQ-backed Filipino fintech Salmon set to snag fresh equity funding

TMT

22 December, 2023

ADQ-backed Filipino fintech Salmon set to snag fresh equity funding

Fintech Holdings Ltd, a Filipino fintech firm that operates under the Salmon brand and counts Abu Dhabi sovereign wealth fund ......

Serum to double investment in PE-backed Biocon Biologics to $300 mn

Healthcare

25 April, 2023

Serum to double investment in PE-backed Biocon Biologics to $300 mn

A unit of Adar Poonawalla-led Serum Institute of India, the world's biggest vaccine maker, will double its investment to $300 ......

Premium
Aliph Capital's Huda Al Lawati on chasing LPs, targeting fund close and more

Finance

20 April, 2023

Aliph Capital's Huda Al Lawati on chasing LPs, targeting fund close and more

Abu Dhabi-based private equity firm Aliph Capital last year secured $125 million for its maiden fund, Aliph Fund I, from ......

Premium
What's the game plan of the Middle East's first female-led PE firm Aliph Capital?

Finance

13 April, 2023

What's the game plan of the Middle East's first female-led PE firm Aliph Capital?

Abu Dhabi-based private equity firm Aliph Capital has firmed up a five-pronged game plan to deploy its first fund, according ......

Grapevine: Vedanta approaches SWFs for stake sale; Phoenix ARC to buy Bandhan's bad loans

General

24 March, 2023

Grapevine: Vedanta approaches SWFs for stake sale; Phoenix ARC to buy Bandhan's bad loans

With debt repayments up to $2 billion maturing by June, billionaire Anil Agarwal-led Vedanta Resources Ltd (VRL) has reached out ......

Abu Dhabi's ADQ, IHC tie up with General Atlantic on asset management

Finance

06 March, 2023

Abu Dhabi's ADQ, IHC tie up with General Atlantic on asset management

Abu Dhabi sovereign wealth fund ADQ and local conglomerate IHC said on Monday they plan to create a multi-asset class ......

Simplilearn looks to turn profitable by FY24, CEO says

TMT

16 November, 2022

Simplilearn looks to turn profitable by FY24, CEO says

Blackstone-backed upskilling platform Simplilearn Solutions Pvt. Ltd, on Wednesday said that it expects to reach net profitability by FY24, a ......

India's Biocon in talks with Mylan to merge biosimilar businesses - Moneycontrol

Healthcare

09 December, 2021

India's Biocon in talks with Mylan to merge biosimilar businesses - Moneycontrol

Indian drugmaker Biocon Ltd is in talks with generic drugmaker Mylan for a merger of their biosimilar businesses, financial news ......

Spinny closes $283 mn round in Series E funding, valued at $1.8 bn

TMT

07 December, 2021

Spinny closes $283 mn round in Series E funding, valued at $1.8 bn

Spinny, a used car retailing platform in India operated by Valuedrive Technologies Pvt Ltd, announced on Tuesday the closure of ......