Adia-backed USD 18.3 bn Hologic buyout crosses finish line

Hologic buyout wraps up: Abu Dhabi Investment Authority (Adia) finalized its minority stake investment in the USD 18.3 bn acquisition of US-based women’s health firm Hologic, joined by private equity giant minority investors Blackstone, TPG, and GIC, according to a company statement. Hologic also tapped Joe Almeida as the firm’s new CEO, and the firm will be delisted from the Nasdaq.

Price structure: The transaction, which stacks up to USD 79 per share, establishes Hologic as a private company, with Hologic shareholders receiving USD 76 in immediate banknotes and USD 3 in non-tradeable contingent value rights. The payout is contingent on Hologic’s Breast Health division hitting specific revenue targets in FY 2026-27.

Let’s refresh: The transaction was first made public last October, after Hologic rejected an earlier USD 16 bn bid from Blackstone and TPG. The acquisition marks the largest transaction in the medical services sector in almost two decades.

CBUAE inks another currency swap agreement — this time with Bahrain

CBUAE, Bahrain ink AED 20 bn currency swap agreement: The Central Bank of the UAE (CBUAE) established a currency swap agreement, valued at AED 20 bn, with the Central Bank of Bahrain, according to a press release (pdf).

Other recent currency swaps: Last October, the Emirati and Turkish central banks also inked a number of currency swap agreements to streamline liquidity and cross-border trade activity. The CBUAE had also inked a similar agreement with the People’s Bank of China, valued at AED 18 bn (CNY 35 bn), and an AED 3 bn agreement with Ethiopia.

MHA is making its move in the UAE

UK-based audit and advisory business MHA completed its merger with audit, tax, advisory, and corporate services firm Moore Stephens UAE, bringing the Dubai firm under its platform and rebranding the combined entity as MHA UAE, according to a press release. Moore Stephens UAE has offices across Dubai, Abu Dhabi, ADGM, Jafza, and Sharjah and is an approved auditor at DIFC.

Edge Group’s bid to acquire stake in Ukrainian missile maker foiled

Defence giant Edge Group's bid to acquire a 30% stake in Ukrainian missile manufacturer Fire Point was turned down, Kyiv’s anti-monopoly committee told Reuters. The regulatory body said that the application for the transaction — valued at USD 760 mn — did not meet the required criteria.

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