Wednesday 29 December 2010

Dh700 million acquisition strategy for Dubai's Masharie - The National

The private equity arm of Dubai Investments, one of the emirate's largest publicly listed investment firms, is looking to invest up to Dh700 million (US$190.5m) to acquire up to seven regional companies over the next year.

Abdulaziz al Serkal, the chief executive of Masharie, expects to close three of those deals this month for companies in the health care, education and oil and gas sectors.

Masharie's investment strategy comes on the heels of a recent surge of buyout activity among the region's private equity firms.

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