Investcorp to buy Mercury Capital Advisors

Executive Chairman of Investcorp Mohammed Alardhi
Updated 27 May 2019
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Investcorp to buy Mercury Capital Advisors

Investcorp, a global provider and manager of alternative investment products, has entered into a definitive agreement to acquire Mercury Capital Advisers, an institutional capital raising and investment advisory enterprise. As part of the transaction, Mercury will remain an independent business operating under its current leadership team. Terms of the transaction were not disclosed, and subject to receipt of relevant regulatory approvals the transaction is expected to close in the third quarter of 2019.
“Our partnership with Mercury is completely in line with Investcorp’s long-term strategy and our mission to serve investors worldwide with an array of attractive opportunities in alternative investments,” said Mohammed Alardhi, executive chairman of Investcorp.
“Mercury is well-positioned to deliver unique solutions to clients across the globe through its traditional placement capabilities.”


“This partnership is a powerful endorsement of Mercury’s unrelenting commitment both to excellence and to our clients,” said Michael Ricciardi, CEO, managing partner and co-founder of Mercury.


Rove At The Park opens in Dubai Parks and Resorts

Updated 17 June 2019
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Rove At The Park opens in Dubai Parks and Resorts

Rove Hotels, a contemporary midscale hotel brand, has opened its sixth hotel in Dubai — Rove At The Park — in Dubai Parks and Resorts, the largest integrated theme park destination in the region. As the opening offer, guests can stay at Rove At The Park for 199 dirhams ($54) per night inclusive of two tickets to Dubai Parks and Resorts.
Rove At The Park has 579 rooms and interconnecting family rooms. Guests at Dubai Parks and Resorts can access more than 100 fun rides and attractions spread across Motiongate Dubai, Bollywood Parks Dubai, Legoland Dubai and Legoland Water Park. This is in addition to free access to themed zones, street ambiance and numerous shops and restaurants at Riverland Dubai.
On the opening of the new hotel, Paul Bridger, corporate director of operations, Rove Hotels, said: “Guests love Rove Hotels for their convenient locations, funky interiors, chilled ambience and great service, which have made the brand one of the most popular in the city. We are excited to open Rove At The Park, our sixth and largest property in Dubai. The hotel offers a launchpad to discover Dubai Parks and Resorts and the rest of the city.”
Ahmed Al-Rayyes, chief retail and hospitality officer, DXB Entertainments, the company that owns Dubai Parks and Resorts, said:
“Dubai Parks and Resorts is a dynamic leisure destination with attractions that appeal to families, couples, and theme park enthusiasts from around the globe. With the opening of Rove At The Park, guests will have easy access to a vibrant new hotel that is perfect for residents looking for a quick weekend getaway. Opening a second hotel is part of Dubai Parks and Resorts’ strategy to have more than 1,300 keys at the destination by the second half of 2020. We look forward to welcoming even more tourists who will now be able to enjoy rides and attractions at the park, with the option of a conveniently located hotel in the vicinity.”
Rove At The Park is just over half an hour drive from the Dubai International Airport and the Al-Maktoum International Airport. Additionally, the hotel is just minutes away from the future Expo 2020 location, making it convenient for visitors traveling to the exhibition.
The design of Rove At The Park is inspired by the local area and uses art to tell stories and offer Instagrammable moments throughout the hotel. All 579 rooms house a 48-inch interactive TV screen with a smart media hub and free Wi-Fi. The rooms have designer mattresses, pull-out beds for extra guests, a mini-fridge, a large safe, and a modern bathroom with power rain showers.