M&A Deal Summary

Growthgate Capital Acquires International Food Services

On October 18, 2010, private equity firm Growthgate Capital acquired food company International Food Services

Acquisition Highlights
  • This is Growthgate Capital’s 1st transaction in the Food sector.
  • This is Growthgate Capital’s 2nd transaction in Saudi Arabia.

M&A Deal Summary
Date 2010-10-18
Target International Food Services
Sector Food
Buyer(s) Growthgate Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

International Food Services

Jeddah, Saudi Arabia
International Food Services is a simple catering operation to a food production conglomerate with an operational span within the food industry covering distribution, manufacturing, catering, retail and franchise business. International Food Services was founded in 1994 and is based in Jeddah, Saudi Arabia.

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Buyer(S) 1

Buyer

Growthgate Capital

Manama, Bahrain

Investor Investor Investor Investor Investor

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 7 of 7
Sector (Food) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 4
Country (Saudi Arabia) 2 of 2
Year (2010) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Roots Steel International

Jeddah, United Arab Emirates

Roots Steel International Co. Ltd. engages in the design, engineering, project management, manufacturing, sale, erection, and after-sales service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-15 Roots Steel International

Jeddah, United Arab Emirates

Roots Steel International Co. Ltd. engages in the design, engineering, project management, manufacturing, sale, erection, and after-sales service.

Sell -
Mergr

Product

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