Services

Investments & Private Equity

Overview

The Investment Advisory and Private Equity activity started in 2004 and generated over USD 1.8 B worth of transactions. Private Equity funds launched initially covered consumer goods and related sectors, and the infrastructure and energy-intensive industries. The activity evolved to encompass club deals, proprietary investments with entry into the digital and biotech economies.

Our Activities

CLUB DEALS - PRIVATE EQUITY - TRANSACTIONS

With an investment team operating across MENA and beyond, Swicorp is monitoring its investment portfolio, identifying new opportunities, as well as strategic partners, with a focus on digital, fintech, biotech, e-commerce and other new economy businesses. For larger transactions, Swicorp selectively invests from its own balance sheet and raises co-investor commitments. Two large club deal investments were closed since 2014 with USD 130 million deployed.

RENEWABLE ENERGY AND INFRASTRUCTURE INITIATIVE

In 2016, Swicorp launched an initiative targeting renewable energy and infrastructure assets in the MEA region in partnership with Acciona, a leading global renewable energy project developer and manager. Swicorp's objective is to build on its successful first project in Egypt (3 x 50 MW PV in Egypt) and lead the development of a platform targeting USD 2 billion worth of projects under management.

SPE CAPITAL

In 2016, Swicorp's historic private equity team was spun off into SPE Capital. In 2019, SPE Capital launched its AIF Fund targeting investments in mid-size companies in Africa and AUM in excess of USD 200 million. For more information, visit www.spe-capital.com.

Portfolio

BRC INDUSTRIAL LIMITED
Country: KINGDOM OF SAUDI ARABIA
Type: STANDALONE CLUB DEAL (SAR 245 M)

Manufacturer and marketer of long steel and fencing material in Saudi Arabia with presence in Jeddah, Riyadh and Dammam

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INITIAL
Country: KINGDOM OF SAUDI ARABIA
Type: STANDALONE CLUB DEAL (SAR 206 M)

Provider of manpower services, including cleaning, maids, pest control, gardening, sanitization, facilities management in Saudi Arabia with presence in Jeddah, Riyadh and Dammam

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AMLAK INTERNATIONAL
Country: KINGDOM OF SAUDI ARABIA
Type: PRE-IPO PROPRIETARY INVESTMENT (SR 26 M)

Shariah-compliant mortgage loan provider in Saudi Arabia

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FETCH'R
Country: UNITED ARAB EMIRATES
Type: SERIES B AND BEYOND - GROWTH EQUITY CO-INVESTMENT

Disruptive logistics firm in the last-mile delivery space

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ENARA BAHRAIN SPV WLL
Country: EGYPT
Type: GREENFIELD RENEWABLE ENERGY PROJECT IN JV WITH ACCIONA

3 x 50 MW Solar Photovoltaic Project in Egypt (USD 180 M). Commercial operations started February 2019.

 

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National Lead Smelting Company (“Rasass”)
Type: Investment SAR 157 M for 25.1%

MoC  1.7x

IRR  11.6%

samumed
Country: United States of America
Type: Series B and beyond - growth equity co-investment

Medical research and development for tissue-level regeneration. Development of therapeutics to address a range of degenerative diseases, regenerative medicine and oncology

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MUMZWORLD
Country: UNITED ARAB EMIRATES
Type: SERIES B AND BEYOND - GROWTH EQUITY CO-INVESTMENT

E-commerce for maternity and child products

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Endeavor Catalyst III Fund
Type: Fund Size USD 130 M

VC Co-investment alongside world-class lead investors in Endeavor companies