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Mumtalakat Sells Interests in Nobel Learning Communities

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Bahrain’s sovereign wealth fund, Mumtalakat Holding has sold its stake in Nobel Learning Communities, a provider of private education in the United States. Nobel Learning Communities is now owned by Spring Education Group, a subsidiary of Primavera Capital Group, a Hong Kong-based investment firm. The terms of the sale were not publicly disclosed. Nobel Learning Communities operates Pre-K, Elementary, and High Schools throughout the U.S.

Mahmood H Alkooheji, CEO of Mumtalakat celebrated the progress Noble has made, “Nobel Learning has grown considerably since our investment three years ago, answering the needs of more people with their quality educational programs. On average, each additional year of education a child receives increases their adult earnings by about 10%.” Alkooheji went on to point out that Mumtalakat’s “investment in Nobel Learning reflects our optimistic outlook on the US market.” Alkooheji further suggested that Mumtalakat will continue to scan the horizon for other opportunities in the educational sector.

Nobel Learning Communities was not Mumtalakat’s first entry into the educational field, having previously purchased an aviation academy in 2009. Mumtalakat acquired Nobel Learning Communities in 2015, in a partnership arrangement with Investcorp, a global asset manager with an office in Bahrain. Mumtalakat’s mission is to grow the wealth of Bahrain through long-term, sound investment strategies, specifically in non-oil and gas assets. It currently holds stakes in over 60 enterprises over a varied array of sectors: education, industrial manufacturing, financial services, telecommunications, real estate, logistics, consumer products, and healthcare. The combined asset value of Mumtalakat’s holdings is estimated to be US$ 15.4 billion.

Mergermarket Gets Ready to be Sold

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Private equity firm BC Partners hired Goldman Sachs Group Inc. and JPMorgan Chase & Co. to advise on the sales of Acuris. Acuris is a collection of financial news and data sites, which includes Mergermarket, Dealreporter, and Debtwire. In 2017, BC Partners sold around a 30% stake in GIC Private Limited.

Before the rebranding to Acuris, Mergermarket was part of The Financial Times Group until 2013 when it was sold off to BC Partners.

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Why Japan Post Sees Promise in Aflac

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Aflac Inc. is an American insurance company founded in 1955. The company is the biggest provider of supplemental insurance in the United States. Aflac also has major operations in Japan.

In December 2018, Japan Post Holdings (JPHLF) signaled it was spending US$ 2.64 billion for a 7-8 % stake in Aflac. The goal is that, in four years time, Aflac will become an affiliate of Japan Post. Japan Post hopes to accomplish this by becoming the largest voting shareholder of the company. The world’s 13th largest company, with 400,000 employees, Japan Post needs to expand to chase further growth, mainly because Japan Post expects the postal business to decline. Diversification is seen as the optimal route to long term stability for the holding company. Japan’s economy is worrying. Japan’s aging population means that many insurance companies are facing a shrinking customer base, Japan Post settled on a plan to expand overseas.

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RDIF and Development Agency of Serbia Agree to Explore Joint Investments

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The Russian Direct Investment Fund (RDIF) and the Development Agency of Serbia, also known as Razvojna agencija Srbije, reached an agreement to work together to identify attractive investment projects to strengthen bilateral economic ties and increase investment flows between Russia and Serbia. Russian capital and businesses are keen on investing in Serbia.

In addition, the two countries signed an agreement to cooperate on civil nuclear energy, according to state-owned Russian reactor builder Rosatom (Rosatom State Nuclear Energy Corporation). Rosatom continues to expand it business of nuclear cooperation deals in a wide number of countries.

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