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Wed 26 Jun 2019 08:16 PM

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Oman's Jabreen Capital inks deal to expand PE footprint in SE Asia

Acquisition of a significant stake in EastBridge Partners Singapore will enable Jabreen Capital to tap into new investment opportunities

Oman's Jabreen Capital inks deal to expand PE footprint in SE Asia
Anwar Al Jabri, CEO of Jabreen Capital.

Oman-based Jabreen Capital has entered into an agreement with EastBridge Partners Singapore to expand its private equity footprint in the south east Asia market.

The acquisition of a significant stake in EastBridge Partners Singapore will enable Jabreen Capital to tap into new investment opportunities, it said in a statement.

EastBridge Partners Singapore focuses on mid-market investments and targets proprietary transactions, it added.

The partnership was signed between Sheikh Khalid Abdullah Al Khalili, chairman of Jabreen Capital and Kevin Lim, chairman and founder of EastBridge Group Singapore.

Sheikh Khalid said: “This partnership will support Jabreen’s long term vision of diversifying its portfolio and expanding into the global market. A regional player with international footprint.”

Anwar Al Jabri, CEO of Jabreen Capital, added: “Jabreen Capital seeks to actively pursue and promote international partnerships. We aim to reach out to a variety of international markets, enticing sound investments both here and abroad. The south east Asia market is particularly attractive for a variety of reasons including favourable demographics, a growing middle class, as well as its proximity to major markets including Australia, China and India.”

Lim said: “This partnership will act as a bridge between the Middle East and South East Asia. We will work closely together in raising funds, executing deals and creating value in portfolio companies and enhancing business.”

Jabreen Capital was established in 2015 and launched in 2018 as a full-fledged private equity house. It is fully owned subsidiary of Ominvest, one of the oldest investment holding companies in the region with interests in banking, leasing, insurance and real estate. It has total assets of over $700 million.

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