Private Equity

Bank Alkhair's Private Equity division is engaged in transaction origination; investment structuring; placement to third-party investors and co-investors; post acquisition management; and private equity portfolio exits, with the aim of enhancing value at each stage.

The Private Equity division's strategy is to make selective investments in privately held companies with a specific focus on family-owned or closely-held businesses that aim to raise equity without going public, while allowing the sellers to retain continuing ownership.

The Private Equity division's investment focus is on the oil & gas services; industrial services; building materials; logistics; and agri-business sectors in the MENA and GCC regions, including Turkey. The division avoids start-ups, venture capital and greenfield investments.

Bank Alkhair's current private equity portfolio includes:

  • Unicorn Global Private Equity Fund 1 (Bahrain) - diversified private equity fund
  • Al Tajamouat for Touristic Projects (Jordan) - shopping mall
  • Teshkeel Media Group (North America) - children's media content
  • Al Safat Industries Holding (Kuwait) - industrial sector holding company
  • Gulf Strategic Partners (GCC) - specialist pre-operational cleaning service provider
  • Tintoria International (United Arab Emirates) - industrial laundry business
  • Independent Logistics & Warehousing (Jordan) - warehouses
  • Sweetwater Dairies (Pakistan) - dairy business
  • Bahrain Maintenance & Diving Services (Bahrain) - oil and gas services provider
  • Regional Energy Services Holding Company (Bahrain) - oil and gas services platform

The Bank's exited private equity investments include:

  • The Gardens - assisted living real estate property
  • Kuwait Medical Company (Kuwait) - holding company with stakes in a high-end hospital, dental clinics and medical centers in Kuwait
  • Orimix Concrete Products (United Arab Emirates) - leading UAE supplier of ready-mix concrete
  • Regional Energy Services Holding Company (Bahrain) - oil and gas services platform (partial exit)
  • Al Safat Industries Holding (Kuwait) - industrial sector holding company (partial exit)
  • Qatar Engineering and Construction (Qatar) - oil and gas EPC and maintenance contractor
  • Ellington Leather (US) - retail leather goods manufacturer
  • Victron (US) - specialty provider of high-mix, complex electronics manufacturing services
  • Batteries & Bands (US) - retail watch sales and services company

 

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