Global Capital Partners (fka GCPL)

[lifegear]

Date Published: 13 Mar 2007
Global Launches Largest Buyout Fund In The Middle East
Capitalising on its private equity experience, Global Capital Partners Ltd has launched the 'Global Buyout Fund L.P.', which will aim to invest in high-potential companies in the Middle East, North Africa and Turkey. The Fund may also invest in Asian countries such as China, India and Pakistan.
Omar M. El-Quqa, Executive Vice President at Global, said that the launch had been inspired by Global's experience in making private equity investments, its regional relationships and its knowledge and understanding of the market, in addition to the significant untapped buyout potential in the region.

'We are currently managing over US$ 1 billion of private equity funds and have strong relations with investor groups in the region. And we are physically present in many of the target countries through our offices in the Middle East, North Africa and Asia.' 'Regional businesses are enjoying strong momentum,' added El-Quqa, which he commented had been 'especially driven by growing M&A activity.' This appealing investment environment is further supported, El-Quqa revealed, by the fact that 'The companies in the region, traditionally owned by the State or families, have become increasingly receptive to new investors including private equity funds.'

Global has one of the largest private equity team in the MENA region. The team is organized into transaction, due diligence and investment follow-up subgroups. The members of Global's private equity team have diverse sector experience and geographic experience in countries across the MENA region and South Asia, and collectively maintain a broad network of institutional relationships within the regions targeted for investment by the Buyout Fund. Additionally, Global's long financial research capabilities, and extensive due diligence process will definitely come into play.

Dash concluded that the Fund would give investors an opportunity to benefit from Middle Eastern private equity investments 'which had always remained a closely guarded jewel.

The team of Global Capital Partners is one of the largest private equity groups with a successful track record of private equity investments across Kuwait, Qatar, Saudi Arabia, UAE, other Middle East, India and China.