Breakingviews - Brookfield gets some M&A help from Gulf friends

With debt costs higher and financers wary, Brookfield has been able to share an unspecified amount of the deal’s equity check with First Abu Dhabi Bank

, Mubadala, a subsidiary of Abu Dhabi Developmental Holding Company and a unit of Saudi Arabia's Olayan. They’ve also endorsed a plan to merge Dubai-based Network International with domestic peer Magnati, a former unit of FAB. The synergies from that union explain why the consortium could bid more. It looks a prize worth winning. If Network International alone can grow revenues at a 15% annual clip and reach a margin of 44% from the current 41%, EBITDA could hit $388 million by 2028. This should be doable since the Middle East is seen as the world's fastest-growing real-time payments market, with transactions set to grow from $675 million in 2022 to $2.6 billion by 2027,to ACI Worldwide. Assuming Brookfield funds a quarter of the overall 2.

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Breakingviews - Warren Buffett – he invests just like us!“Do as I say, not as I do” sounds like the kind of pithy thing Warren Buffett might say to his adoring throngs. Although the nonagenarian billionaire can’t lay claim to the aphorism, it’s one worth heeding when trying to understand or emulate his investment philosophy. There’s often a discrepancy between what he says and what he does.
Source: Reuters - 🏆 2. / 97 Read more »