Gulf Capital Said to Hire Bank of America to Manage IPO

Gulf Capital, an Abu Dhabi-based private-equity firm, hired Bank of America Corp. as the main financial adviser on its planned initial public offering, according to two people with knowledge of the matter.

The U.S. lender’s Merrill Lynch unit is lead arranger and book-runner on the IPO, the first listing of a buyout firm in the United Arab Emirates, the people said, asking not to be identified as the information is private. National Bank of Abu Dhabi PJSC, the country’s biggest lender, will help distribute the IPO locally as co-arranger, according to the people.