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Private Equity
growthgate.com

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Investments

5

Portfolio Exits

1

About GrowthGate Capital

GrowthGate Capital is a growth investment firm engaged in direct equity investments focusing on mid- sized companies in the GCC and other select markets of the wider MENA region. GrowthGate follows a 'buy and build' strategy that seeks value creation by increasing scale and unlocking potential in portfolio companies through serial bolt-on acquisitions, organic growth initiatives and strategic moves.

GrowthGate Capital Headquarter Location

Gate Village 7, Office 106 Dubai International Financial Centre (DIFC), PO Box 36330

Dubai,

United Arab Emirates

+971 4 3302220

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Latest GrowthGate Capital News

GrowthGate Acquires Part of Averda International Ltd.

Aug 22, 2019

October 14, 2008 05:53 AM Eastern Daylight Time DUBAI, United Arab Emirates--( BUSINESS WIRE )-- GrowthGate Capital Corporation , the GCC-based specialist buyout firm, announced that it has reached a final agreement to acquire 33.33% of Averda International Ltd. , an integrated waste management concern with solid waste operations concentrated in the Middle East and North Africa. Averda, a privately-held company, which is majority owned by its founders-managers, services more than 2 million people located in some 500 communities, and has consolidated annual revenues of circa $100 million and expected net profits margin of over 15% for the fiscal year 2008. The value of the transaction was not disclosed. Averda is a pioneer in the waste management industry in the Middle East with solid track record for managing municipal and other non-hazardous waste starting in Saudi in mid 80s and progressing to Lebanon in early 90s and to the lower Gulf recently. Averda adopts a ‘Green Company’ policy in producing waste-generated fertilizers and other organic by-products, operating efficient recycling programs, exploring bio-fuel extraction processes, and abiding by low emission standards. “As an integrated private company in a sector that is still under-developed and run -- to a large extent -- by municipal operators, Averda is uniquely positioned to offer tailored services and innovative solutions to the growing population centres and industrial cities of the Middle East,” said Malek Sukkar Averda’s CEO. “By partnering with GrowthGate, a value-added investor with deep roots and access to the GCC markets and the MENA region, Averda is determined to play a central role in the regional waste management sector by bringing together its expertise, resources, and intimate knowledge of markets to capitalize on the current urbanization boom and the unprecedented waste generation ratios, for years to come,” he added. GrowthGate (managed by Keystone) follows a ‘buy and build’ model by partnering with management to build emerging growth businesses into enduring organizations. Structured as a holding company, GrowthGate is free to take a very long-term approach deciding on follow-up investments and on exits without the pressure of fund-like deadlines. This deal marks the fourth direct equity investment by GrowthGate since its capitalization in mid 2007, and the first in a ‘Green Company.’ GrowthGate’s portfolio companies comprise: Able Logistics Group (logistics & transport); Gama Aviation Holding (private jets and aviation business); and Roots Group (construction-related materials).

GrowthGate Capital Investments

5 Investments

GrowthGate Capital has made 5 investments. Their latest investment was in Able Logistics Group as part of their Recap on March 3, 2014.

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GrowthGate Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/24/2014

Recap

Able Logistics Group

Yes

1

3/10/2010

Private Equity

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$99M

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10

10/14/2008

Private Equity

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$99M

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10

5/31/2008

Growth Equity

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$99M

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10

Other Investors

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$99M

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10

Date

3/24/2014

3/10/2010

10/14/2008

5/31/2008

Round

Recap

Private Equity

Private Equity

Growth Equity

Other Investors

Company

Able Logistics Group

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

GrowthGate Capital Portfolio Exits

1 Portfolio Exit

GrowthGate Capital has 1 portfolio exit. Their latest portfolio exit was Gama Aviation on December 10, 2014.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/10/2014

Reverse Merger

$991

1

Date

12/10/2014

Exit

Reverse Merger

Companies

Valuation

$991

Acquirer

Sources

1

GrowthGate Capital Acquisitions

2 Acquisitions

GrowthGate Capital acquired 2 companies. Their latest acquisition was Roots Steel International on May 11, 2008.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/11/2008

Acquired Unit - Fin

1

1/7/2008

Acq - Fin

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$99M

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10

Date

5/11/2008

1/7/2008

Investment Stage

Acq - Fin

Companies

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Valuation

Total Funding

$99M

Note

Acquired Unit - Fin

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Sources

1

10

GrowthGate Capital Team

1 Team Member

GrowthGate Capital has 1 team member, including current Managing Partner, Karim A Souaid.

Name

Work History

Title

Status

Karim A Souaid

Managing Partner

Current

Name

Karim A Souaid

Work History

Title

Managing Partner

Status

Current

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