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Bain Capital, Carlyle study bids for Gautam Adani’s shadow bank

BLOOMBERG  Bain Capital and Carlyle Group Inc are among potential bidders for a controlling stake in Gautam Adani’s shadow bank, according to people familiar with the matter, as the Indian billionaire looks to conserve cash and focus on core businesses. The Adani Group is working with an adviser to look for buyers for Adani Capital after an initial public offering ...

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Dubai Investments, E20 sign pact for investment in Angola

DUBAI / WAM Dubai Investments and E20 Investment, an Abu Dhabi-based agribusiness investment company, have signed a memorandum of understanding (MoU) to develop 3,750 Ha of agricultural land in Angola, harnessing the potential of the country’s agricultural sector for sustainable growth and economic development. E20 Investment, specialises in investing in operating farms and processing facilities across the globe, with a ...

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Abu Dhabi’s Edge Group acquires security solutions firm Etimad

ABU DHABI / WAM Edge Group PJSC, one of the world’s leading advanced technology and defence groups, announced the acquisition of a 100% stake in Etimad Holding LLC (Etimad), a technology solutions and services company with a focus on security systems solutions, systems integration, projects fulfilment, and execution in the fields of border security, law enforcement, critical infrastructure, urban management, ...

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