{"id":93288,"date":"2024-06-27T00:00:00","date_gmt":"2024-06-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/ihcs-sirius-international-holding-snags-derby-group-ahead-of-ipo\/"},"modified":"2024-06-27T00:00:00","modified_gmt":"2024-06-27T00:00:00","slug":"ihcs-sirius-international-holding-snags-derby-group-ahead-of-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/06\/27\/ihcs-sirius-international-holding-snags-derby-group-ahead-of-ipo\/","title":{"rendered":"IHC\u2019s Sirius International Holding snags Derby Group ahead of IPO"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>International Holding Company (<\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ihcuae.com\/\" style=\"\" rel=\"noopener\">IHC<\/a><\/strong><strong>)\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/siriusholding.com\/\" style=\"\" rel=\"noopener\">Sirius International Holding<\/a><\/strong><strong> acquired diversified<\/strong><strong> business group <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.derbygroup.ae\/\" style=\"\" rel=\"noopener\">Derby Group<\/a><\/strong><strong> for an undisclosed sum<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b3uywqb-sirius-international-holding-acquires-derby-group\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The move comes as part of the investment firm\u2019s efforts to scale digital solutions globally, focusing on digital integrations and implementations.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sirius will integrate Derby\u2019s services and infrastructure to deepen its capabilities across<\/strong><strong> its subsidiaries <\/strong>involved in delivering digital and governmental transformation globally. It will also leverage the firm to ramp up efforts in AI, blockchain, and other digital innovations for governmental projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What they said:<\/strong> \u201cBy integrating the diverse and successful businesses of Derby Group, we bring further depth, expertise, and capability to our portfolio, ultimately strengthening our diverse platform and positioning us to unlock further possibilities,\u201d said Sirius CEO Ajay Bhatia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The acquisition comes ahead of Sirius\u2019 IPO:<\/strong> Investment giant IHC plans to list Sirius on the public market in 2025, IHC CEO Syed Basar Shueb previously told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-24\/abu-dhabi-s-ihc-eyes-buyback-as-stock-cools-after-43-000-jump\" style=\"\" rel=\"noopener\">Bloomberg<\/a>. The investment company is also planning to debut International Technology Holding this year, and Daman Ins., a unit of its subsidiary PureHealth.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Derby Group: <\/strong>The company offers services across multiple business sectors \u2014 including staff outsourcing, debt collection, recruitment, concierge, injection molding, interiors and fit-outs and translation services, according to its <a target=\"_blank\" href=\"https:\/\/derbygroup.ae\/about-us-basic.html\" style=\"\" rel=\"noopener\">website<\/a>. Its client base includes prestigious banks and other organizations, including Spinneys SuperMarket and Emirates NBD.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IHC plans to list Sirius on the public market in 2025<\/p>\n","protected":false},"author":1,"featured_media":93289,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[7,108,31,1392,1344,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseam-uae","tag-ihc","tag-international-holding-company","tag-ipo","tag-ma","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"391f94d7-7611-4da8-b1f9-0de728dc0c83","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/398.jpg","photo_position":"above","homepage_title":"","full_issue_title":"IHC\u2019s Sirius International Holding snags Derby Group ahead of IPO","related_issue":[93278],"teaser":"IHC plans to list Sirius on the public market in 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.ec3a2358-83fc-4edc-817a-31c4a63f6839.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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