9 Mar 2022
Investcorp, a leading global alternative investment firm, has been named “Firm of the Year: MENA” for the fourth consecutive year in Private Equity International’s 2021 Awards series.
Investcorp’s Private Equity, Middle East and North Africa (“MENA”) acquires minority and majority positions in mid-cap companies alongside partners including families and management teams. Since 2008, Investcorp has deployed approximately $1.4 billion across 16 investments, carefully chosen from around 2,000 opportunities and successfully exited 10 of them. Investcorp has been named Firm of the Year in MENA every year since 2018.
Commenting on the award, Walid Majdalani, Head of Private Equity MENA and Southeast Asia at Investcorp said: “We are pleased to have been named “Firm of the Year in MENA” in Private Equity International’s awards for the fourth year in a row. This is a great achievement for the team and is a testament to our continued efforts towards contributing to the development of the private equity industry and the capital markets in the MENA region. I would like to thank everyone who has trusted Investcorp and voted for us.”
More recently, Investcorp launched a US$500 million “Saudi Pre-IPO Growth Fund” to partner with Saudi family owners of businesses aspiring to list on the Saudi Stock Exchange (“Tadawul”) with a particular focus on four industries: consumer, healthcare, transport and logistics and business services.
The launch of this new fund comes after Investcorp supported four leading family businesses in their journey towards going public on Tadawul. All four IPOs were oversubscribed at the time of the IPO, generating in aggregate ~$40bn of institutional demand, indicating strong investor demand for leading home-grown Saudi businesses.
Private Equity International’s regional awards recognize firms that have distinguished themselves in terms of investment activity, fundraising and overall performance in a particular geography. The winners of each category were determined by a public vote.