Investment Summary

Standard Chartered Private Equity Invests In Souq.com

On February 29, 2016, Standard Chartered Private Equity invested in e-commerce company Souq.com

Investment Highlights
  • This is Standard Chartered Private Equity’s 1st transaction in the E-Commerce sector.
  • This is Standard Chartered Private Equity’s 1st transaction in United Arab Emirates.
Investment Fate
  • Souq.com was sold to a consortium of buyers in 2017 for 650M USD.

Investment Summary

Date 2016-02-29
Target Souq.com
Sector E-Commerce
Investor(s) Standard Chartered Private Equity
Deal Type Growth Capital

Target

Souq.com

Dubai, United Arab Emirates
Souq.com is an e-commerce platform serving the Middle Eastern market with access to products across categories such as consumer electronics, fashion, household goods, watches or perfumes. Souq.com operates both as a retail site and as a marketplace for third party sellers. Souq.com was formed in 2005 and is based in Dubai.

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Investor(S) 1

DESCRIPTION

Standard Chartered Principal Finance (SCPF) is the alternative asset investment arm of international bank Standard Chartered. SCPF is split into four segments. These include Corporate Private Equity, Real Estate, Infrastructure, and Alternative Investments. SCPF's Corporate Private Equity Group invests across a range of mid to late stage companies in a variety of sectors throughout the Middle East, Asia, and Africa. The Group looks for businesses with motivated management, sustainable business models, and a track record of strong cash-flows. The segment seeks to invest $25 to $100 million to fund expansion needs or management buyouts. SCPF's Real Estate Group targets real estate opportunities in Asia, Africa and the Middle East, with a primary focus on China, India, Singapore, Hong Kong, Korea and Taiwan. The Real Estate Group will consider equity or mezzanine investments in existing assets, as well as development projects and corporate level investments in real estate owners or developers. SCPF's Infrastructure unit focuses on Chinese or Indian assets across transportation, energy, power, water, environment, telecom and urban infrastructure. SCPF's Alternative Investments practice targets distressed and high-yield opportunities. Standard Chartered Principal Finance is based in Singapore, with additional offices around the world.


DEAL STATS #
Overall 13 of 15
Sector: E-Commerce M&A 1 of 1
Type: Growth Capital M&A Deals 7 of 7
Country: United Arab Emirates M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 Coffee Day Resorts Pvt.

Bengaluru, India

Coffee Day Resorts Pvt. Ltd. is a privately held company of the Cafe Coffee Day group (CCD). Cafe Coffee Day is the most successful example of organized food retail in India and the largest coffee retailing player in Asia. The CCD group has several other businesses in the consumer and infrastructure sectors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-28 Souq.com

Dubai, United Arab Emirates

Souq.com is an e-commerce platform serving the Middle Eastern market with access to products across categories such as consumer electronics, fashion, household goods, watches or perfumes. Souq.com operates both as a retail site and as a marketplace for third party sellers. Souq.com was formed in 2005 and is based in Dubai.

Sell $650M