Announced
Financials
Sources
Tags
Cross Border
Acquisition
Single Bidder
Private
Software
artificial intelligence
United Arab Emirates
cloud computing
Minority
Pending
Private Equity
Friendly
Synopsis
Private equity firm Silver Lake Partners agreed to invest $800m in Group 42, an artificial intelligence and cloud computing company based in Abu Dhabi. "G42 has not only experienced tremendous growth in recent years, but has done so by partnering with large-scale clients to address the most complex technology challenges. We are excited to have this opportunity to work with them," Egon Durban, Silver Lake Co-CEO and Managing Partner.
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