M&A Deal Summary

Growthgate Capital Acquires Averda International FZ

On October 14, 2008, private equity firm Growthgate Capital acquired environmental company Averda International FZ

Acquisition Highlights
  • This is Growthgate Capital’s 1st transaction in the Environmental sector.
  • This is Growthgate Capital’s 2nd transaction in United Arab Emirates.

M&A Deal Summary
Date 2008-10-14
Target Averda International FZ
Sector Environmental
Buyer(s) Growthgate Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Averda International FZ

Dubai, United Arab Emirates
website
Averda International is the largest environmental solutions provider in the MENA region, specialising in integrated resources management. averda is at the forefront of innovation in the regional market, providing sustainable solutions and more than 35 years of experience in the effective management of waste for both private and public sector clients.

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Buyer(S) 1

Buyer

Growthgate Capital

Manama, Bahrain

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GrowthGate Capital is a buyout firm focused on direct investments in the MENA region. GrowthGate generally pursues value creation via a buy-and-build approach and pursues platform companies valued between $100 and $200 million. The Firm does not have any sector preferences, however GrowthGate will not invest in biotech, real estate, gambling, or 'environmentally unfriendly' industries. GrowthGate was incorporated in 2007 and is based in Manama, Bahrain.

DEAL STATS #
Overall 3 of 7
Sector (Environmental) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 4
Country (United Arab Emirates) 2 of 3
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Roots Group Arabia

Jeddah, Saudi Arabia

Roots Group Arabia CJSC is amanufacturer, wholesaler, retailer, and specialist contractor for construction materials and specialized equipment, an interior designer and provider of furniture, fixtures and fit-outs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 RGH

Amman, Jordan

Rubicon Group Holding (“RGH”) (DBA Rubicon Entertainment LLC) is a diversified global entertainment and production powerhouse devoted to the creation of outstanding innovative entertainment experiences and interactive educational content across all media platforms.

Buy -
Mergr

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