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Private Equity Firms Based in the MENA Region Targeting Buyout Investments - August 2013

by Christopher Hardy

  • 28 Aug 2013
  • PE

According to Preqin’s Fund Manager Profiles there are currently 44 private equity fund managers with headquarters in the MENA (Middle East and North Africa) region that focus on buyout investments as part of a wider investment strategy. These firms have collectively raised a total of $14.7bn in the past decade and have a combined estimated dry powder of $2.2bn.

Forty-one percent of MENA and buyout-focused fund managers are based in the United Arab Emirates (UAE), with 15 fund managers operating out of the city of Dubai and three firms in Abu Dhabi. In comparison, there are six private equity firms located in Egypt and six more in Kuwait. In the last ten years, the 18 UAE-based firms have raised a total of $4.3bn, whereas the six Egypt-based firms have managed to raise approximately $4.1bn. The remaining 14 firms are spread across Bahrain, Saudi Arabia, Morocco, Oman and Qatar and have raised a combined $3.2bn in the last decade.

The five largest MENA-based private equity firms considering buyout investments by aggregate capital raised in the last 10 years are Global Investment House, Citadel Capital, Swicorp, EFG-Hermes Private Equity, and Gulf Capital. These five firms are also the largest firms headquartered in the MENA region when considering all private equity strategies.

The largest firm by capital raised, Global Investment House (GIH), is a Kuwait-based fund manager that has garnered just under $3bn from four funds raised in the last decade. The firm has an estimated $121mn in uncalled capital and considers investments throughout the MENA region in a range of industries including education, financial services, healthcare, logistics and shipping.

 

 

Citadel Capital has raised just under $2.5bn in the last ten years. The firm seeks controlling investment opportunities in five core industries: energy, transportation, agrifoods, mining and cement. EFG-Hermes Private Equity has raised approximately $1.2bn over the last 10 years. EFG-Hermes Private Equity and Citadel Capital are both Egypt-based fund managers, which have expanded operations by including a balanced strategy that targets a variety of private equity investment opportunities.According to Preqin’s Fund Manager Profiles there are currently 44 private equity fund managers with headquarters in the MENA (Middle East and North Africa) region that focus on buyout investments as part of a wider investment strategy. These firms have collectively raised a total of $14.7bn in the past decade and have a combined estimated dry powder of $2.2bn.
 
Forty-one percent of MENA and buyout-focused fund managers are based in the United Arab Emirates (UAE), with 15 fund managers operating out of the city of Dubai and three firms in Abu Dhabi. In comparison, there are six private equity firms located in Egypt and six more in Kuwait. In the last ten years, the 18 UAE-based firms have raised a total of $4.3bn, whereas the six Egypt-based firms have managed to raise approximately $4.1bn. The remaining 14 firms are spread across Bahrain, Saudi Arabia, Morocco, Oman and Qatar and have raised a combined $3.2bn in the last decade.
 
The five largest MENA-based private equity firms considering buyout investments by aggregate capital raised in the last 10 years are Global Investment House, Citadel Capital, Swicorp, EFG-Hermes Private Equity, and Gulf Capital. These five firms are also the largest firms headquartered in the MENA region when considering all private equity strategies.
 
The largest firm by capital raised, Global Investment House (GIH), is a Kuwait-based fund manager that has garnered just under $3bn from four funds raised in the last decade. The firm has an estimated $121mn in uncalled capital and considers investments throughout the MENA region in a range of industries including education, financial services, healthcare, logistics and shipping.
 
Citadel Capital has raised just under $2.5bn in the last ten years. The firm seeks controlling investment opportunities in five core industries: energy, transportation, agrifoods, mining and cement. EFG-Hermes Private Equity has raised approximately $1.2bn over the last 10 years. EFG-Hermes Private Equity and Citadel Capital are both Egypt-based fund managers, which have expanded operations by including a balanced strategy that targets a variety of private equity investment opportunities.

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