Leading company, Sergas Group, recently signed a strategic partnership agreement with Royal Strategic Partners, an affiliate company of Strategic Investment Capital .
The UAE-Israeli consortium that acquired UAE Exchange is in merger talks with Bahrain’s BFC Group Holdings to create a Middle Eastern remittances and currency firm with more than 24 million customers in 30 countries.
Dubai: The consortium of Prism Group AG (Prism) and Abu Dhabi’s Royal Strategic Partners (RSP) has appointed independent investment bank Moelis & Company to advise on the restructuring and transformation of the Finablr Ltd and its subsidiaries, the global payment solutions group it agreed to acquire in December 2020.
Prism formed a consortium with RSP to complete the purchase of Group at the end of last year - since when the Consortium and Finablr Plc have been working in conjunction with regulators and stakeholders to conclude the formalities of the acquisition. In addition, the consortium has been funding urgent working capital needs to stabilise the business and to preserve value and is seeking to restart operations and develop a business plan for the Group going forward.