Investment Summary

Growthgate Capital Invests In Roots Group

On May 1, 2008, private equity firm Growthgate Capital invested in building materials company Roots Group

Investment Highlights
  • This is Growthgate Capital’s 1st transaction in the Building Materials sector.
  • This is Growthgate Capital’s 1st transaction in Saudi Arabia.

Investment Summary
Date 2008-05-01
Target Roots Group
Sector Building Materials
Investor(s) Growthgate Capital
Deal Type Growth Capital

Target

Roots Group

Jeddah, Saudi Arabia
Roots Group is a manufacturer, wholesaler, retailer, and specialist contractor for construction materials and specialized equipment, an interior designer and provider of furniture, fixtures and fit-outs. Roots Group was founded in 1981 and is based in Jeddah, Saudi Arabia.

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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 2 of 7
Sector (Building Materials) 1 of 1
Type (Growth Capital) 1 of 3
Country (Saudi Arabia) 1 of 2
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-02 Able Logistics Group FZCO

Dubai, United Arab Emirates

Able Logistics Group FZCO is an integrated logistics services group, with 3 main business units: freight forwarding, land transport and warehousing logistics. The group operates in the UAE, Hong Kong, China, Saudi Arabia, Qatar, Oman, Sudan, Iraq, Afghanistan and East Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-14 Averda

Dubai, United Arab Emirates

Averda is an 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. Averda is based in Dubai, United Arab Emirates.

Buy -
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