UAE: $20m in Turkey’s Orion Group

A newly launched fund known as the Gulf Credit Partners which is the credit and mezzanine fund of Gulf Capital has just accomplished its second investment project in Turkey in its short existence. In its released statement, a $20 million investment in Orion Group was described as a significant milestone towards the development of the credit markets within the region although the opening for young entrepreneurs is lacking.
Orion Group is a household name in facility management services solutions specialised in cleaning, catering, security and laundry services to leading corporate customers in medical, transportation, hospitality, and retail. It also has the potentials to respect contracts of long durations with large scale customers and projects.
Walid Cherif, co-head, Gulf Credit Partners said that their decision was backed by their “strategy of identifying and investing in medium-sized businesses with capable management teams and strong growth prospects.” Daruma Corporate Finance was the adviser for the deal.

Short URL: http://me-confidential.com/?p=4553

Posted by on Jun 11 2012. Filed under Finance, Headlines. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Recently Commented

  • Badia Ouadi: What about the 20/20 vision for tourism which HRH has endorsed Himself? There are hundreds of western...
  • Achraf: Wise words from a wise king. And dont forget to work hand in hand. Stability Will be à important factor
  • Mehmet: Erdogan and the Turkish government become more pathetic and miserable and unrealistic day by day.
  • Telh: Israel should take a leaf out of their book.
  • Gemma: Well on this task Jordan gets a big fat F! We need to find a more competent custodian before Al Aqsa is lost...