Founder Growthgate Partners Headquarters Manama Type of business Private | Website www.growthgate.com Founded 2007 | |
Industry Financial Services: Private Equity Key people Karim Souaid
Ahmed Doumani
Haythem Macki
Randa Khoury AUM $1.7bn as of December 2014 | ||
Growthgate Capital Corporation (Holding) BSC (c) (or Growthgate Capital) is a specialist buyout firm engaged in direct equity investments focused on middle-market companies in the Gulf Cooperation Council and other select markets of the wider MENA region. Growthgate Capital was incorporated as a closed joint stock company in the Kingdom of Bahrain in 2007.
The founding shareholders of Growthgate Capital include State-owned banks, public pension funds, investment companies, single-family offices and a group of corporate leaders from the Middle East region.
Karim Souaid is the founder and managing partner of Growthgate Partners, along with partners Ahmed Doumani, Haythem Macki and Randa Khoury, who formed Growthgate Capital. The total portfolio included seven investee companies.
Growthgate Capital opened its office in Dubai with Over $200 million in funding to set a foot in the private equity market.
Growthgate has managed to occupy a sizeable share of the market in the GCC, and in 2014 Growthgate conducted a listing of one of its portfolio companies, namely Gama Aviation, on the London stock Exchange and succeeded in closing one of the few cross-border M&A transactions with China by selling Able Logistics Group, another of its companies, to Kerry Logistics of Hong Kong Able Logistics Group
Growthgate Capital operates through its offices in Dubai and Beirut.