Abu Dhabi – Mubasher: Gulf Capital, an Emirati asset management firm, has fully exited Gulf Marine Services (GMS) through four transactions on the London Stock Exchange (LSE).
Gulf Capital has generated good profits and returns before and after the launch of an initial public offering (IPO) on the LSE, which makes its GMS’ business a successful investment.
“This proprietary control investment in GMS represents the template for future control growth buy-outs in the Middle East,” CEO of private equity at Gulf Capital Karim El Solh commented.
"This is a landmark transaction not only for Gulf Capital but also for private equity in the Middle East. It demonstrates that our region is capable of growing world-class businesses and of competing on a global scale,” senior managing director of private equity at Gulf Capital Richard Dallas said.
In May, Gulf Capital announced plans to invest AED 1.8 billion ($490,000) in 3 or 4 acquisition deals in the GCC, Egypt, and Jordan.
