Fajr Capital has acquired a substantial minority stake in a leading engineered components manufacturing company. The company has a solid footprint in the MENA region, with a proven track record in exporting high quality machined components to the US and European markets.
The investment into the Gulf Cooperation Council (GCC) based company, which is currently valued at over US$250 million, marks a significant milestone for Fajr Capital’s portfolio which now consists of interests spanning key high growth markets in the MENA and ASEAN regions.
Fajr Capital’s CEO Iqbal Khan said, “Today’s announcement signals Fajr Capital’s continued commitment to connect the financial economy to the real economy through investment in high-growth, profitable businesses. We look forward to working closely with our new partners to grow the business and continue investing in the region’s potential.”
Commenting on behalf of legal advisors Freshfields Bruckhaus Deringer, Pervez Akhtar added, “The team and myself were delighted to work with Fajr Capital again, supporting them in the development of new markets, building up an increasingly diverse and international portfolio.”
