Adeptio LLC, a UAE based investment firm led by Mohammed Al Abbar (Chairman of Emaar Group), is seeking  to raise up to USD2 billion from banks to fund the bid to acquire Kuwait Food Company (Americana) [FOOD.KK], according to Bloomberg. Adeptio hired a financial advisor for the deal, who will also help arrange funding from regional and international banks. Earlier last week, Americana's Board of Directors (BoD) agreed to allow an investment firm to undertake due diligence within 60 days for the acquisition of a controlling stake in the company. Also, Americana's largest shareholder Al Khair National Co. (a vehicle owned by the Al Kharafi family) signed a preliminary agreement to sell its 69% stake in the company to Adeptio LLC. Should the deal go through, the buyer will have to submit a mandatory tender offer for 100% of the shares of Americana. (Bloomberg)