Professional services firm PwC’s latest global CEO survey has found that Middle East leaders are particularly optimistic about medium-term growth, with substantial investments in digital transformation a core strategy for accelerating out of the pandemic.
Building on the rebound seen in the second half of 2020, merger & acquisition activity in Saudi Arabia’s banking market is anticipated to continue to unfold in 2021. Ali Maabreh, Head of M&A at KPMG in Saudi Arabia, outlines why the sector appears to be ripe for further consolidation.
The environment remains challenging: exits hovered close to a 10-year low and fundraising tumbled again. According to Bain’s 2021 Asia-Pacific private equity survey, conducted with 162 senior market practitioners, the top concerns for General Partners (GPs) surveyed include high valuations, increased competition and the ongoing impact of Covid-19
Food & beverage manufacturing giant Almarai has acquired the UAE and Bahrain operations of Bakemart – a producer of baked and packaged products – for a sum of $25 million. Merger & acquisition (M&A) specialists Maven Investment Partners supported Almarai through the transaction.
Deloitte has successfully supported United Arab Chemical Carriers (UACC) in its sale to investment firm United Overseas Group for an undisclosed sum. The structure of the deal breaks ground in the Companies Law of the Dubai International Financial Centre.
The more than 100-years-old Mayoly Spindler is an independent pharmaceutical company, specialising in gastroenterology and dermo-cosmetics. The company produces 70% of its products in France, including its flagship consumer health drugs Probiolog, Simalvia (Meteospasmyl in France) and Dozurso (Cholurso in France), and exports these to dozens of markets worldwide.
Accenture (NYSE: ACN) has entered into an agreement to acquire Cygni, a cloud native full-stack development firm that helps companies transform their business through advanced technical software development services and innovative technical solutions. Terms of the transaction were not disclosed.
Accenture (NYSE: ACN) has appointed Nadya Abdulla Kamali as country managing director for the UAE. Based in Dubai, she is responsible for leading operations across the country and driving Accenture’s Health and Public Service industries, two strategic sectors in the region.
The consulting industry of the Gulf Cooperation Council (GCC) contracted by nearly $400 million last year, marking its worst year on record, according to a new market assessment by a leading industry analyst.
Global strategy consulting Bain & Company has in the past months appointed five new partners in the DACH region – two partners in Germany, and three in Switzerland. Maximilian Doms is a partner in Bain & Company’s Private Equity practice, based in Munich.
Global management consultancy Arthur D. Little has elevated seven new partners globally, seeing the firm’s partnership ranks eclipse the 100 milestone. Founded over a century ago and considered the world’s oldest consulting firm, Arthur D. Little has now doubled in size over the past five years – with the company crediting the development and promotion of its internal talent as a key factor in its success.
The term ‘’unicorn’’ was coined in 2013 by Aileen Lee, a Silicon Valley venture capitalist, to describe a privately held, fast-growing startup. In detail, a unicorn refers to a technology non-listed company, in place for less than 10 years with a valuation greater than or equal to $1 billion.
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