Global Investment House

«غلوبل» تتخارج من حصة في «جاسم للنقليات»

قال بيت الاستثمار العالمي (غلوبل) إن ذراع إدارة الأصول البديلة "غلوبل كابيتال مانجمنت" اتمت بنجاح تخارجا جزئيا من حصة مسيطرة في شركة جاسم للنقليات والمناولة بالكويت. وتم إنهاء عملية التخارج الأربعاء الماضي، بنقل ملكية %60 من شركة جاسم للنقليات والمناولة، التي تمتلكها صناديق غلوبل للملكية الخاصة وعائلة بودي، إلى شركة القرين لصناعة الكيماويات البترولية (القرين) وشركاتها التابعة. وبموجب هذه الصفقة، بلغت حصة التخارج لكل من صندوق غلوبل للاستحواذ الكامل وصندوق غلوبل القناص 2 نسبة %25.3 و%10.7 من رأسمال الشركة على التوالي، ولعب فريق الاستثمارات المصرفية في غلوبل، بالتعاون مع إرنست ويونغ، دور المستشار للأطراف البائعة. بدوره، قال الرئيس التنفيذي في غلوبل رئيس مجلس إدارة شركة جاسم للنقليات والمناولة سليمان الربيِّع: "نحن سعداء جدا بإكمال التخارج الجزئي من شركة جاسم للنقليات والمناولة، والتي تعد من الشركات المميزة في محفظة استثمارات الملكية الخاصة". وتابع الربيِّع: "قام فريقا غلوبل وبودي بتحويل هذه الشركة بنجاح على مدار السنوات الخمس الماضية لتكون رائدة في مجال أعمالها، وبعد هذا التخارج الجزئي الناجح، تستعد الشركة لطرح عام أولي، والإدراج في بورصة الكويت، ونحن على ثقة من أن التزام وخبرة شركة القرين ستوفر لها الدعم والتوجيه اللازمين لمواصلة النمو". وأضاف: "نتوقع توزيع العوائد من هذه الصفقة على العملاء المستثمرين في صناديق الملكية الخاصة في الربع الثالث من العام الحالي. خلال السنوات الماضية، أظهر فريق غلوبل للملكيات الخاصة قدراته في إدارة الأصول وتنميتها والتخارج منها عبر قطاعات متنوعة وفي ظروف السوق الصعبة".

Kuwait · 13 Jul 2019

Global acquires full stake in Yum Yum Tree restaurants chain; 20 brands and 180 branches across the GCC

Global Capital Management LTD (“GCM”), the alternative asset management arm of Global and on behalf of private equity funds it manages, has completed the acquisition of a 100% stake in Yum Yum Tree Food Court Co. (“Yum Yum Tree”), one of the largest quick service restaurants (QSR) managers in the Gulf region. Established in 1995 with five restaurants in Bahrain and one in the UAE, Yum Yum Tree has grown exponentially to reach nearly 180 restaurants steered by the vision of its founder Dr. Adel Bukhowa and his son Omar Bukhowa. Yum Yum Tree is today the Master Franchisee or operator of more than 20 international and regional brands including prominent brands such as Vanellis, Subway (Bahrain),Teryaki, Pad Thai and Al Mangal. Retail channel of Yum Yum Tree consists of approximately 180 restaurants across Bahrain, the UAE, Qatar, and via a sub-franchisee agreement in Saudi Arabia. It is currently present in key mall locations including Dubai Mall and Mall of the Emirates in UAE, Deira City Centre and Seef Mall in Bahrain, and Villagio Mall in Qatar. Yum Yum Tree is well positioned to benefit from the growth in the fast food market which is estimated to increase by more than USD2bn in the next 4 years, due to increasing income levels, favorable demographics, and a strong pipeline of mall development. Sulaiman Al-Rubaie, Managing Partner at GCM and head of Global’s Alternative Asset Management Division commented: “We are proud to have successfully acquired such an outstanding company with great potential for growth. This acquisition gives our clients unique access into a growing sector which is resilient to economic downturns. Unlike the fine and casual dining segments, the QSR segment is least prone to economic volatilities and has already shown resilience in the past two challenging years for retail and especially food retail in the region.” Ihsan Sancay, Senior Vice President of Private Equity commented: “Yum Yum has been innovative in introducing well known international brands to the GCC region in addition to the development of home grown local brands which have proved popular. GCM will support Yum Yum Tree’s growth plans through a capital injection, and we will be focusing on expanding our presence across Saudi Arabia, Kuwait and Oman, in addition to the further development of the local brands and acquisition of new international brands.”  Through different funds, the private equity team has invested more than USD 300mn since the end of 2009 and has returned more than USD 380mn to its clients during the same period despite a challenging exit environment for private companies in the region. In the upcoming months, Global and GCM are planning to offer products with attractive returns in the Food and Beverage, Education and Healthcare sectors. In a low yield environment and negative interest rates globally, investors are hungry for attractive yield and GCM is committed to offer innovative products with regular distributions and capital gains, and are looking to invest more than USD 300mn in the next three years across the GCC and Turkey. Sancay added: “With the addition of our strong experience in value creation, corporate structuring, international expansion and management by financial metrics, Yum Yum Tree will be very well positioned to expand both its restaurant locations and brand portfolio. We are delighted to team up with an experienced management team who are ideally suited to achieve the firm’s growth plan.” Omar Bukhowa said: “We are confident that Global’s private equity team will take Yum Yum Tree to the next level as a truly international concept and we would like to wish them the best of success for years to come.” Assisting GCM, Trowers and Hamlins- Bahrain were the legal advisors on the transaction, and KPMG-Bahrain and PWC-Dubai undertook the roles of financial and commercial due diligence advisers respectively. The Bukhowa’s were advised by Baker & McKenzie Habib Al Mulla as their legal advisors, and the transaction advisory services were provided by Ernst & Young Corporate Finance- Dubai.

Bahrain · 11 Dec 2016

Kuwait's Global buys Yum Yum Tree restaurant chain

Kuwait-based Global Investment House has announced that it has completed the acquisition of a 100 percent stake in Yum Yum Tree Food Court Co, one of the largest quick service restaurant managers in the Gulf region. Global said its alternative asset management arm, Global Capital Management, has signed the deal for the company which was established in 1995 with five restaurants in Bahrain and one in the UAE and has since grown to reach nearly 180 restaurants. Steered by its founder Dr Adel Bukhowa and his son Omar, Yum Yum Tree is today the master franchisee or operator of more than 20 international and regional brands including Vanellis, Subway (Bahrain), Teryaki, Pad Thai and Al Mangal across Bahrain, the UAE, Qatar, and via a sub-franchisee agreement in Saudi Arabia. Sulaiman Al-Rubaie, managing partner at GCM and head of Global’s Alternative Asset Management division said: “This acquisition gives our clients unique access into a growing sector which is resilient to economic downturns. Unlike the fine and casual dining segments, the QSR segment is least prone to economic volatilities and has already shown resilience in the past two challenging years for retail and especially food retail in the region.” Omar Bukhowa said: “We are confident that Global’s private equity team will take Yum Yum Tree to the next level as a truly international concept and we would like to wish them the best of success for years to come.”

Bahrain · 11 Dec 2016

"مزايا وجلوبل" الكويتيان يبرمان صفقة عقارية

قالت شركة المزايا القابضة الكويتية أمس "الاثنين" انها أبرمت صفقة عقارية مع بيت الاستثمار العالمي "جلوبل" بقيمة 12,9 مليون دينار "44,18 مليون دولار". وقالت "مزايا" وهي شركة استثمارية تعمل في مجال الاسهم والعقارات انها ستحقق ربحا قدره 6,5 ملايين دينار من الصفقة سيتحقق في العام .2006 واضافت "مزايا" في بيان على موقع البورصة الكويتية على الانترنت انها وقعت مذكرة تفاهم مع بيت الاستثمار العالمي لبيع برج مزايا الذي يجرى تشييده حاليا مقابل 12,9 مليون دينار. واستقرت أسهم مزايا عند 840 فلسا للسهم في حين انخفضت أسهم جلوبل 0,71 في المئة الى 2,780 دينار للسهم. وارتفع المؤشر الرئيسي للبورصة 0,56 في المئة الى 11693,20 نقطة في أول يوم تعامل بعد عطلة عيد الفطر.

Kuwait · 7 Nov 2005