Sovereign-backed private equity firm Fajr Capital has been recognised as the “Best Private Equity House in the Middle East” at the 2016 EMEA Finance Achievement Awards in London, United Kingdom. Fajr Capital also collected the “Best Private Equity Investment in the Middle East” for its acquisition of Cravia Group, one of the fastest-growing food and beverage franchise operators in the Middle East.

Christopher Moore, CEO and Publisher of EMEA Finance, said: “Fajr Capital continues to be a pace-setter for private equity in the Middle East. The firm had a blisteringly strong 2016 – not only making important new investments, but also by consolidating earlier investments for future growth and, when the time is appropriate, for exit. What makes this private equity firm particularly interesting is how it has woven sustainability into its operating principles. We are proud to recognize the firm as our Best Private Equity House in the Middle East, and in the dealmaking area, the firm’s acquisition of the leading UAE-based franchise operator Cravia Group is our Best Private Equity Investment in the Middle East for 2016.”

“We are pleased and privileged to accept this award for the second time in three years,” added Iqbal Khan, CEO of Fajr Capital. “Fajr Capital was founded on the basis of a shared vision: to create a world class investment platform that enables growth companies in our core markets to realise their potential. We have made great progress over the last eighteen months – and the EMEA Finance awards are a testament to our recent achievements. I want to thank our shareholders, board and committee members, employees, and industry partners for their continued support. We look forward to continue working with our industry colleagues to promote values-based and impact-focused investments in the Middle East and beyond.”

The EMEA Finance Achievement Awards are now in their tenth year and recognise the most notable transactions and the firms behind them across a variety of markets and sectors. Nominated by industry stakeholders and chosen by the EMEA Finance editorial team, the award winners exemplify the innovative work taking place across the EMEA region.