PE-MENA started investing in the GCC and Turkey since 2008 first through its Gulf Opportunity Fund I (GOF I) of c. $1 billion and then through Investcorp’s traditional deal by deal model. Over the years, PE-MENA reviewed more than 1,500 opportunities, deployed c.$1.4 billion across 16 investments in various industries.
The investor base is broad from across the Gulf, along with some international institutional clients. Investors include GCC government agencies, sovereign wealth funds, pension funds, family businesses and high net worth individuals.
The mandate of PE-MENA is to identify greenfield or brownfield opportunities in the GCC, MENA & Turkey regions and partner with families/owners in a majority or minority position. In addition, PE-MENA also look at international companies that can be relocated to the region
The focus is to partner with family owned businesses that are the leaders in their respective industries. The criteria revolve around identifying:
- Mature, growing and fragmented industries
- Leading companies in their respective sectors
- Strong management team and ability to build a platform
- Multiple avenues for PE-MENA to drive growth and value through add on acquisition, initiatives to increase top line, improvement of governance, optimization of costs, etc.
PE-MENA is sector agnostic. Having said that, investments were made in demographics driven industries (i.e. healthcare, consumer goods, retail), services around the energy sector and logistics & transportation.