ABU DHABI — ADIC MENA Partners, LP, a private equity fund managed by Abu Dhabi Investment Company (ADIC), has acquired majority stake in a Dubai based family owned Unitra METS Group, a beverage distributor.
The acquisition highlights ADIC Private Equity’s strategy of buying majority stakes from family and other business owners, using a sensible amount of non-recourse, cash flow based financial leverage. This strategy capitalises on a new market trend of family groups rationalising their portfolios and tying up with private equity groups.
Najib Al Zarooni, chairman of Unitra METS Group. said his group look forward to expanding the business regionally with the support of new partners ADIC Private Equity Fund.
Robert Wages, executive director of ADIC Private Equity, said he was confident that this transaction will demonstrate how successfully a private equity firm can partner with a family-owned business to build market-leading regional businesses.