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New Deal


Announced

Gargash Group to acquire Deem Finance from Mubadala, Fullerton and Waha Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Domestic

Private

consumer finance

Consumer Lending

Majority

Single Bidder

United Arab Emirates

Private Equity

Acquisition

Pending

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Synopsis

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Gargash Group, a UAE business conglomerate, agreed to acquire Deem Finance, a consumer finance business, from investment companies Mubadala, Fullerton and Waha Capital. Financial terms were not disclosed. Gargash Group, which has a strong presence in the non-banking financial services sector for 23 years through Daman Investments, said the acquisition would deepen and expand its financial services offerings within the market and would further accelerate the group’s ability to meet its strategic growth plans.

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