Eight teams will compete in this groundbreaking event and more than 10,000 spectators are expected to witness the inaugural edition
Swicorp will be the fund manager, while Savola will be an anchor investor. The fund intends to focus on the Middle East and North Africa (MENA) region in order to reap the benefits of the region's currently booming economies and capitalise on its emerging and promising private equity industry.
The fund will seek to invest in a diversified portfolio of companies with significant growth prospects and operating in pre-selected growth sectors such as consumer goods, retail, communications, financial services, and infrastructure.
“The Launch of Intaj Capital is an important step for Swicorp and it reflects our commitment to the development and growth of private equity in MENA. We are delighted to be engaging in this new venture with the Savola Group, one of our closest clients in the region, with which we have a longstanding relationship and a quality track record,” said Kamal Lazaar, President and Managing Director of Swicorp.
The Fund will leverage Swicorp and Savola's combined market knowledge and know-how to create value and achieve superior returns by enhancing the operational and financial performance of portfolio companies as well as by performing timely and well executed exits. Commenting on the Launch of the Fund, Savola's CEO, Dr Abderaouf Mannaa said that Intaj Capital represented a unique opportunity for Savola to be involved in the growing private equity sector and a vehicle for exploring new boundaries for the development of Savola.
Swicorp is a Swiss-headquartered investment firm with a unique track record of corporate finance transactions in MENA, counting among others, the first LBO in Saudi Arabia as well as the first Corporate Venture Fund in MENA. Intaj Capital is Swicorp's second private equity fund in the region following 'MENA Water Ventures', which was launched in partnership with Groupe Danone late 2003.
Eight teams will compete in this groundbreaking event and more than 10,000 spectators are expected to witness the inaugural edition
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