{"id":96093,"date":"2024-09-24T00:00:00","date_gmt":"2024-09-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/chinas-acclime-takes-over-alpha-management\/"},"modified":"2024-09-24T00:00:00","modified_gmt":"2024-09-24T00:00:00","slug":"chinas-acclime-takes-over-alpha-management","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/24\/chinas-acclime-takes-over-alpha-management\/","title":{"rendered":"China\u2019s Acclime takes over Alpha Management"},"content":{"rendered":"

Dubai-based corporate advisor Alpha Management was acquired by <\/strong>Acc<\/a><\/strong>lime<\/a><\/strong>, a Hong Kong-based corporate services provider focused on Asia, for an undisclosed amount, in a push to expand its presence in the UAE, according to a press release<\/a>. The acquisition will bring Alpha Management<\/a> \u2019s clients into Acclime\u2019s fold and enhance its service offerings, with the company set to be rebranded to Acclime by early 2025.<\/p>\n

Acclime is no stranger to the UAE:<\/strong> Earlier this year, the firm established its presence in the UAE<\/a> with the acquisition of Dubai-based MeiPro Corporate Services \u2014 now rebranded as Acclime Dubai<\/a>. Before the acquisition, Acclime was serving UAE-based clients through its purchase of Ocra<\/a>, a firm licensed in the UAE.<\/p>\n

Alpha\u2019s execs get a seat on the board: <\/strong>Post-acquisition, the Dubai-based firm\u2019s co-founder and CEO Shaukat Murad (LinkedIn<\/a>) will stay involved in the firm\u2019s operations, reporting to Acclime Middle East\u2019s managing director Rajiv Kumar Singh. Alpha\u2019s director Zia Murad (LinkedIn<\/a>) will take on the role of deputy managing director of Acclime UAE, overseeing the UAE office\u2019s operations and expansion across the Middle East.<\/p>\n

About Alpha:<\/strong> Founded in 2007, Alpha Management is registered at both Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM), with plans for a new office in Mauritius, according to its LinkedIn<\/a>.<\/p>\n

\n

IN OTHER M&A NEWS-<\/p>\n

GulfNav finalizes terms to acquire Brooge Energy\u2019s assets:<\/strong> Maritime and shipping company GulfNav finalized the acquisition terms for oil storage outfit Brooge Petroleum and Gas Investment Company from Brooge energy, Wam<\/a> reports. The transaction will be financed through cash and newly issued GulfNav shares on the DFM.<\/p>\n

REMEMBER<\/strong>- <\/strong>GulfNav submitted<\/a> a proposal earlier in the year for the structure of the acquisition of oil storage outfit Brooge Petroleum and Gas Investment Company to the Securities and Commodities Authority, after submitting a proposal to fully acquire the company from Brooge Energy back in October 2023. The acquisition was initially expected to close in 4Q 2023. <\/p>\n","protected":false},"excerpt":{"rendered":"

Alpha Management is slated to be rebranded to Acclime by early 2025<\/p>\n","protected":false},"author":1,"featured_media":96094,"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":[1850,1849,7,1467,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-acclime","tag-alpha-management","tag-enterpriseam-uae","tag-financial-services","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"55137709-7b4a-4fac-8c8b-b1e19dd35951","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2189.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China\u2019s Acclime takes over Alpha Management","related_issue":[96081],"teaser":"Alpha Management is slated to be rebranded to Acclime by early 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.83b60ed9-467b-454b-a6b4-53faddafc864.mp3"},"yoast_head":"\nChina\u2019s Acclime takes over Alpha Management - 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