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Announced

Eshraq to acquire Goldilocks.

Financials

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

Tags

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fund

Private Equity

Pending

Friendly

investment company

Private

Majority

Acquisition

Merger

Domestic

United Arab Emirates

Private Equity

Single Bidder

Synopsis

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Eshraq, an ADX-listed investment firm, agreed to acquire Goldilocks, an investment fund. Financial terms are not disclosed. "The proposed transaction is a win-win for both Eshraq and Goldilocks shareholders, particularly in terms of investment portfolio diversification and increased liquidity. Most importantly, the acquisition of a high-performing fund like Goldilocks will enable Eshraq to increase its profitability, improve its share price and positions the company for strong business performance, while creating tangible and long-term sustainable value for Eshraq shareholders. We also expect the transaction to give us access to profitable deal flow at an early stage," The Board of Directors, Eshraq Investments.

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