NBK Capital Partners has collected $110 million in the first close of its second mezzanine fund. The limited partners of NBK Capital Partners Mezzanine Fund II include unnamed institutional investors and family offices. As in the case of its predecessors, the fund will focus on MENA-based consumer middle market companies.
NBK Capital Partners has held a first close for NBK Capital Partners Mezzanine Fund II at USD 110 million, driven by strong demand from institutional investors and family offices.
NBK Capital Partners’ experienced team of investment professionals in Dubai, Istanbul and Kuwait will manage the Fund, which will continue building upon its predecessor’s proven investment strategy of providing capital to middle market companies in consumer-centric sectors such as education, healthcare and food & beverage in the MENA region by way of mezzanine investments.
NBK Capital Partners Mezzanine Fund II will seek to unlock opportunities for investors by focusing on companies that benefit from the long term regional fundamentals of a young and growing population resulting in accelerated household formation and urbanisation pointing to favorable demand dynamics.
NBK Capital Partners Mezzanine Fund II enjoys a strong pipeline of investment opportunities that should yield its first deployment as early as the second quarter of 2016.
Yaser Moustafa, Senior Managing Director at NBK Capital Partners, commented, “We are delighted that NBK Capital Partners Mezzanine Fund II has attracted such high caliber investors in its first closing and believe that it is a testament to the NBK Capital Partners team and its excellent track record. We are excited to have this new capital pool which will be deployed in compelling risk-reward opportunities for our limited partners.”
Morgan Lewis represented NBK Capital Partners in the establishment of NBK Capital Partners Mezzanine Fund II and the Fund administrator is Maples Fund Services.
About NBK Capital Partners
NBK Capital Partners is the leading regional private equity group of NBK Capital based in Dubai with presence in Kuwait and Turkey. The firm targets middle-market companies in the MENA region presenting significant growth potential and opportunities for value creation. Since the launch of its first fund in 2007, NBK Capital Partners has executed 20 investments, primarily across the consumer, education and healthcare sectors and has completed 11 profitable exits. The firm launched the first mezzanine fund in the MENA region in 2009 with the highest number of investments and exits in the region. NBK Capital Partners’ proven track record is the result of strong deal origination capabilities and a hands-on operational approach focused on the implementation of financial, operational, strategic, human capital and governance enhancements across its portfolio companies.
For more information, please visit www.nbkcpartners.com