Investment Summary

Samena Capital and Cartesian Capital Group Invest In Flemingo

On October 1, 2014, private equity firms Samena Capital and Cartesian Capital Group invested in retailer Flemingo

Investment Highlights
  • This is Samena Capital’s 1st and Cartesian Capital Group’s 1st transaction in the Retail sector.
  • This is Samena Capital’s 3rd and Cartesian Capital Group’s 1st transaction in United Arab Emirates.

Investment Summary

Date 2014-10-01
Target Flemingo
Sector Retail
Investor(s) Samena Capital
Cartesian Capital Group
Deal Type Growth Capital

Target

Flemingo

Dubai, United Arab Emirates
Flemingo is a global travel retail company with operations in more than 30 countries. With particular strength in India, Africa, Central Europe, and the Middle East, Flemingo operates across a number of channels, including airport, in-flight, cruise ship, and seaport duty-free stores. Flemingo was founded in 1997 and is based in Dubai, United Arab Emirates.

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Investor(S) 2

Investor

Samena Capital

Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Samena Capital is a private investment group focused on acquiring companies and investing in opportunities throughout North Africa, the Middle East, and Asia. Samena does not have any stated sector preferences. Samena Capital was formed in 2008 and is based in London.


DEAL STATS #
Overall 11 of 19
Sector: Retail M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 5
Country: United Arab Emirates M&A 3 of 3
Year: 2014 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 RAK Ceramics

Ras Al Khaimah, United Arab Emirates

RAK Ceramics is a ceramic tile manufacturer with a presence across 160 countries including 6 manufacturing plants. RAK Ceramics was founded in 1989 and is based in Ras Al Khaimah, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 Tejas Networks

Bengaluru, India

Tejas Networks designs, develops and sells high-performance wireline and wireless networking products to telecommunications service providers, internet service providers, utilities, defense and government entities. Tejas Networks was founded in 2000 and is based in Bangalore, Karnataka.

Buy -
Investor

Cartesian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cartesian Capital Group LLC is a private equity firm that invests in high growth businesses in emerging markets across the globe. Cartesian focuses on profitable companies with strong growth prospects and experienced management. The Firm looks to invest $25 - $125 million (generally minority positions). Specific areas of interest include financial and business services, telecommunications, specialized retail, transportation and logistics, and material products. Cartesian Capital Group LLC was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 15 of 23
Sector: Retail M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 9
Country: United Arab Emirates M&A 1 of 1
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 Circle K Mexico

Mexico

Circle K Mexico is an exclusive Mexican franchisee of Circle K convenience stores and a distributor of AB InBev products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-26 Belgravia Hartford

Kelowna, British Columbia, Canada

Belgravia Hartford is focused on three core business divisions: Incubator, Investments, and Royalty & Management Services. The Incubator division provides capital to support the development of early stage companies in the Biotech/Healthcare, Technology, Resources and Medical sectors. Belgravia Hartford is based in Kelowna, British Columbia.

Buy -