UAE: Dubai Islamic Bank underwrote and committed to over 50% of the US$3.25 billion financing transaction for the GEMS Education takeover, in a consortium with Mashreq Bank, Abu Dhabi Commercial Bank and First Abu Dhabi Bank. This financing, along with the investment by a consortium of regional and international investors led by Brookfield Asset Management, enabled for the world’s largest private K-12 education provider to refinance its existing debt and pave the exit of minority shareholders.
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