Investment Summary

NBK Capital Partners and Gulf Capital Invest In Classic Fashion

On April 3, 2018, private equity firm NBK Capital Partners and asset manager Gulf Capital invested in apparel/textiles company Classic Fashion

Investment Highlights
  • This is NBK Capital Partners’ 1st and Gulf Capital’s 1st transaction in the Apparel/Textiles sector.
  • This is NBK Capital Partners’ 1st and Gulf Capital’s 1st transaction in Jordan.

Investment Summary

Date 2018-04-03
Target Classic Fashion
Sector Apparel/Textiles
Investor(s) NBK Capital Partners
Gulf Capital
Deal Type Growth Capital

Target

Classic Fashion

Irbid, Jordan
Classic Fashion is an apparel manufacturer in the MENA region, with a turnover of $ 610 million. It produces 450, 000 to 500, 000 garments per day, with an average run of 200 styles per month, and contributes over 30% of all the garment exports of Jordan. Classic Fashion was founded in 2003 and is based in Irbid, Jordan.

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Investor(S) 2

Investor
DESCRIPTION

NBK Capital Partners is a private equity firm that makes investments in middle-market companies headquartered in the GCC, Turkey, the Levant and North Africa with high growth potential and significant opportunities for value creation. The Firm looks to invest between $10 to $60 million for companies with EBITDA typically ranging between $3 to $25 million. Sectors of interest include education, energy services and equipment, consumer products/services, and food. NBK Capital Partners was formed in 2005 and is based in Dubai, United Arab Emirates.


DEAL STATS #
Overall 24 of 25
Sector: Apparel/Textiles M&A 1 of 1
Type: Growth Capital M&A Deals 13 of 13
Country: Jordan M&A 1 of 1
Year: 2018 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Energia Model Trading & Contracting

Al Jubail, United Arab Emirates

Energia Model Trading & Contracting is a provider of an energy rental business in Saudi Arabia, with 500 generators and a total capacity of 250MW. Energia Model Trading & Contracting is based in Al Jubail, UAE.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Polymedic

Casablanca, Morocco

Polymedic is a generic pharmaceuticals manufacturer with a portfolio of approximately 190 registered products in a wide range of therapeutic areas including dermatology, cardiovascular, ENT, and CNS. Polymedic was founded in 2001 and is based in Casablanca, Morocco.

Buy -
Investor

Gulf Capital

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2006
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gulf Capital is a leading alternative asset management company focusing primarily on late-stage control buy-outs, growth capital, real estate development and private debt in the Middle East. Gulf Capital's private equity group looks to acquire and invest in companies where it can offer help with operational improvements and expertise. Broad areas of interest include energy, oil and gas, water, healthcare, education, and logistics. Gulf Capital was established in 2006 and is headquartered in Abu Dhabi.


DEAL STATS #
Overall 5 of 13
Sector: Apparel/Textiles M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 4
Country: Jordan M&A 1 of 1
Year: 2018 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Accumed

Dubai, United Arab Emirates

Accumed is a company offering end-to-end revenue cycle management (RCM) and related services for healthcare providers. The Company handles medical coding and billing, insurance contracting and pricing, claims processing (eClaims), and consultancy to help hospitals, clinics and other medical facilities optimise revenue capture, reduce claim denials, and streamline billing workflows. Accumed is based in Dubai, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 Geidea

Riyadh, Saudi Arabia

Geidea is a fintech company that provides digital payment solutions, point-of-sale (POS) terminals, online payment gateways and business-management tools to merchants and financial institutions. The Company facilitates in-store, online and mobile payments, helping small and medium businesses (SMEs), retailers, restaurants, e-commerce players and larger merchants accept and manage payments via smart terminals, e-POS systems, or mobile apps. Geidea was founded in 2008 and is based in Riyadh, Saudi Arabia.

Buy -