Investment Summary

Foursan Group Invests In MenaITech

On April 27, 2022, private equity firm Foursan Group invested in software company MenaITech

Investment Highlights
  • This is Foursan Group’s 1st transaction in the Software sector.
  • This is Foursan Group’s 12th transaction in Jordan.

Investment Summary
Date 2022-04-27
Target MenaITech
Sector Software
Investor(s) Foursan Group
Deal Type Stake Purchase

Target

MenaITech

Amman, Jordan
MenaITech is a human resource management software company. MenaITech specializes in the development and provisioning of Human Capital Information Systems (HCIS) to both public and private organizations. MenaITech was founded in 2003 and is based in Amman, Jordan.

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Investor(S) 1

Investor

Foursan Group

Amman, Jordan

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Foursan Group is a private equity firm focused on opportunities in the Middle East. Foursan has launched multiple growth capital funds in partnership with leading regional and global investors to invest across a broad range of industries in the financial services, education, pharmaceutical, healthcare, aviation, and food/beverage sectors.

DEAL STATS #
Overall 15 of 18
Sector (Software) 1 of 1
Type (Stake Purchase) 6 of 7
Country (Jordan) 12 of 15
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Jo Academy

Amman, Jordan

Jo Academy is an online private tutoring platform offering online supplementary courses (pre-recorded and live) to Grade 12 students enrolled in the Jordanian national program (Tawjihi). Jo Academy is based in Amman, Jordan.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-29 Nafith

Amman, Jordan

Nafith develops and operates technology-driven services that increase the productivity of trade processes and shared freight transportation infrastructure to benefit the public and advance commerce. Nafith was founded in 2007 and is based in Amman, Jordan.

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