Investment Summary

Growthgate Capital Invests In IrisGuard

On March 1, 2010, private equity firm Growthgate Capital invested in business services company IrisGuard

Investment Highlights
  • This is Growthgate Capital’s 1st transaction in the Business Services sector.
  • This is Growthgate Capital’s 2nd transaction in Jordan.

Investment Summary

Date 2010-03-01
Target IrisGuard
Sector Business Services
Investor(s) Growthgate Capital
Deal Type Growth Capital

Target

IrisGuard

Amman, Jordan
IrisGuard is a provider of iris recognition solutions focused on managing human identity requirements. IrisGuard was founded in 2001 and is based in Amman, Jordan.

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Investor(S) 1

Investor

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 5 of 7
Sector (Business Services) 1 of 1
Type (Growth Capital) 3 of 3
Country (Jordan) 2 of 2
Year (2010) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 Rubicon Entertainment

Amman, Jordan

Rubicon Entertainment 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. Rubicon Entertainment was founded in 1994 and is based in Amman, Jordan.

Buy -
FOLLOWING 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 -