Bank of America Merrill Lynch has been recognised as the ‘Best M&A House in the UAE’ at the 2015 Euromoney Middle East Awards for Excellence recently.

The bank has worked on some of the UAE and wider GCC region’s highest profile mergers and acquisitions, said a statement.

Some of the prominent transactions include the €4.1 billion ($4.5 billion) sale of Maroc Telecom to Etisalat by France’s Vivendi; Dubai International Capital’s $1.7 billion sale of Mauser Group to Clayton, Dubilier & Rice; Ashmore’s sale of its controlling stake in Global Environmental Management Services (GEMS) to Jadwa Investment and its co-investment partners, it said.

Wadih Boueiz, co-head of Corporate and Investment Banking and head of Sovereign Wealth Funds for the Middle East and North Africa at Bank of America Merrill Lynch, said: “We are delighted to have been named the ‘Best M&A House in the UAE’.

“This award is testimony to Bank of America Merrill Lynch’s market leading position in M&A transactions and also a reflection of the quality of talent we attract. We have a unique platform where we combine the best of our global and regional expertise to serve our clients across the region.” - TradeArabia News Service