Abu Dhabi-based private equity firm Gulf Capital is in the final stage of acquiring close to 80 per cent of regional consultancy firm Reach Group, two sources close to the transaction told Reuters.
Gulf Capital will be closing the transaction during the first quarter this year through its $533 million (Dh1.9 billion) Private Equity Fund II, one of the sources said.
The deal may be valued at around Dh100 million, according to the source. The sources did not want to be identified as the matter has not been made public yet.
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