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Global Buyout Fund distributes $15m to investors

Kuwait City - This is the second distribution from the fund this year after distributing $4 million at the beginning of 2015.

Global Investment House (Global) announced that Global Buyout Fund, one of the five private equity funds managed by Global's Alternatives Asset Management team, distributed $15 million to investors.
This is the second distribution from the fund this year after distributing $4 million at the beginning of 2015. The total amount distributed by Global's funds exceeds $473 million.
The fund holds five investments, including a women's clothing, accessories and home decoration retailer in Turkey, Yargici; a medical equipment and disposable products manufacturer in Europe, Bicakcilar; a pan-GCC retail pharmacies chain and wholesaler, Planet Pharmacies; a heavy equipment rental and port management companies, Jassim Transport and Stevedoring Company; and a steel pipes and merchant bar producers in Oman, Al Jazeera Steel Products Company.
- business@khaleejtimes.com

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