Dubai-based GEMS could be in for another deal making

Dubai: The school operator GEMS could be in for another shareholding change for a second straight year if the majority shareholder Sunny Varkey finds a buyer for a portion of his holding. It was last year that CVC Capital Partners, the private equity player, picked up 30 per cent in GEMS. It is not known […]

Gateway Partners invests $50m in Tim Hortons Gulf franchise

Dubai: Dubai-based private equity firm Gateway Partners has acquired a 40% stake in the Gulf franchise of coffee and breakfast chain Tim Hortons, two sources familiar with the matter told Reuters. Gateway Partners, which is led by former Standard Chartered banker Viswanathan Shankar, paid about $50 million for the holding, the sources, who declined to […]