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Abu Dhabi’s Gulf Capital gets $135M to fund investments
Gulf Capital, an Abu Dhabi-based private equity firm, said on Tuesday it secured a 500-million dirhams ($135 million) five-year revolving facility from Abu Dhabi Commercial Bank to fund its investments.
February 7, 2012 3:08 by Reuters
Gulf Capital, which has a capital base of $330 million, said the new facility will allow it to leverage its balance sheet and finance investments, according to a statement.
The company is in the final stage of acquiring close to 80 percent of regional consultancy firm Reach Group, two sources close to the transaction told Reuters last week. (Reporting By Stanley Carvalho; Editing by Amran Abocar)