Unicorn Investment Bank (Unicorn) has reached agreement with the shareholders of Bahrain Financing Company (BFC) to acquire the company. The acquisition covers Bahrain Exchange Company in Kuwait and EzRemit in the UK. The Strategic Acquisition Fund, a financial services acquisition fund promoted by Unicorn and established in cooperation with a number of strategic founding investors from across the GCC, will take a significant stake in the acquisition.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.