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Arc Group Acquires Us Private Equity And Advisory Firm Luminous Capital To Strengthen Leadership In Investment Opportunities Between Asian And Western Markets

TAKEN PRIVATEFeb 14, 2023

Acquiring Company

D. Boral ARC Acquisition I

Acquired Company

Equity

New YorkChinaFinancial ServicesArtificial IntelligenceFinanceLendingBankingFinancial ServicesFinanceVenture Capital

Description

via NewMediaWire -- ARC Group, a global leader in M&A and Capital Markets Advisory, has entered into an agreement to acquire a controlling profit-sharing interest in US-based private equity and advisory firm Luminous Capital Inc. (“Luminous”). This strategic acquisition aims to further solidify ARC Group’s position as a leader in global financial advisory and management consulting services through giving them a New York City presence as well as offering additional exposure for their clients and investors to US markets.

Quick answer

D. Boral ARC Acquisition I is acquiring Equity and Asia Perspective, announced February 14, 2023. D. Boral ARC Acquisition I is based in New York, New York, United States.

How much did D. Boral ARC Acquisition I pay for Equity?
The deal value was not disclosed.
What does D. Boral ARC Acquisition I do?
D. Boral ARC Acquisition I Corp. is a special purpose acquisition company (SPAC) that focuses on merging with or acquiring companies in the technology sector.
Where are D. Boral ARC Acquisition I and Equity based?
D. Boral ARC Acquisition I is based in New York, New York, United States. Equity is based in China.
Who are the decision-makers at D. Boral ARC Acquisition I?
Fundz holds 1 contact at D. Boral ARC Acquisition I. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

D. Boral ARC Acquisition I

Location

New York, New York, United States

About

D. Boral ARC Acquisition I Corp. is a special purpose acquisition company (SPAC) that focuses on merging with or acquiring companies in the technology sector. BCAR aims to provide capital and business expertise to help its portfolio companies thrive. The company held an extraordinary general meeting for shareholder approval of business combinations. It is dedicated to completing transformative transactions.

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Frequently asked

Who acquired Equity?

Equity was acquired by D. Boral ARC Acquisition I, based in New York. The deal was reported on February 14, 2023. D. Boral ARC Acquisition I Corp. is a special purpose acquisition company (SPAC) that focuses on merging with or acquiring companies in the technology sector. D. Boral ARC Acquisition I is privately held and operates in Financial Services.

When did D. Boral ARC Acquisition I acquire Equity?

D. Boral ARC Acquisition I's acquisition of Equity was reported on February 14, 2023. via NewMediaWire -- ARC Group, a global leader in M&A and Capital Markets Advisory, has entered into an agreement to acquire a controlling profit-sharing interest in US-based private equity and advisory firm Luminous Capital Inc. (“Luminous”). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Equity do?

Equity is the company acquired in this transaction. It is privately held, and is based in China.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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