The deal, which is the largest technology transaction in the Middle East, got an approval from the UAE Ministry of Economy.
The properties acquired are all located in major US metro areas where Investcorp has completed acquisitions previously.
Eddie Brown’s flagship Small Company Fund is up 21% and has averaged a 19% return annually over the past decade. Since its inception in 1992, the fund is up 22-fold.
The agreement, which aims for a tariff- free, single market of goods and services for 1.2 billion people, has been signed by 52 of the 55-member African Union states.
MENA accounts for approx 1.8% of MSCI EM. With Saudi Arabia, that share of the index will increase to around 4.5% after the second phase of inclusion in August.
Over the past year, the UAE has made major changes to its visa system to boost the country’s economic competitiveness.
While these cities feature in the list of places with high salaries, research shows that income has fallen from last year.
KKR, the $200 billion (assets) private equity giant, popularized the leveraged buyout. Today half of its investments and the majority of its dealmakers live abroad.