Dubai - Mubasher: NBK Capital Partners on Monday announced completing its investment in Saudi-based Energia Model Trading & Contracting LLC, which will use this investment to expand in the kingdom.
The mezzanine fund provided by Dubai-based NBK Capital Partners will enable leading Saudi energy rental business Energia Model Trading & Contracting to “take advantage of the increased construction activity and infrastructure spending stimulated by Saudi Vision 2030,” NBK Capital Partners stated.
Commenting on the Energia investment, NBK Capital Partners’ senior managing director Yaser Moustafa said that the company aims to provide “flexible capital to profitable firms in market-leading positions with strong management teams,” adding that with this focus in mind, NBK Capital Partners “has to date delivered outstanding results.”
With its track record in mezzanine investing, NBK Capital Partners has advised on many funds. Its most recent Energia investment comes as part of its NBK Capital Partners Mezzanine Fund II, which was raised in 2017 at $160 million in capital.
“NBK Capital Mezzanine Fund I, which – with eight successful exits and a 17% gross Internal Rate of Return (IRR) – was among the world’s top performing mezzanine funds and our goal is to achieve similar returns for investors through the Mezzanine Fund II,” he highlighted.
NBK Capital Partners specialises in providing alternative investments solutions across the Middle East and North Africa (MENA) region as well as Turkey.
