Bel Group joins CCI France UAE in calling for all French companies in the country and the region to ‘shoulder their environmental responsibilities’
Middle East Venture Partners (MEVP) on Tuesday announced that it has made a new partial exit from its investment in Fresha, a beauty and wellness software platform, with a secondary sale in the company’s $52 million Series C Extension round.
This extension brings Fresha’s total Series C raise to $152 million and values the MEVP backed company at over $640 million.
MEVP’s new partial exit generated a 52x cash-on-cash multiple and an IRR of over 90 per cent. Earlier this year MEVP announced that it had made a partial exit from the company, generating a 39x cash-on-cash multiple.
Following both exits, the Dubai-based venture capital firm continues to own a sizable stake in Fresha.
business@khaleejtimes.com
Bel Group joins CCI France UAE in calling for all French companies in the country and the region to ‘shoulder their environmental responsibilities’
The bank recorded a significant turnaround in the UAE with a healthy operating profit of $242 million
General and administrative expenses for the year 2021 stood at Dh234.3 million, compared to Dh240.9 million in 2020
In 2021, the company deployed a record Dh2.6 billion in capital investment
Over the past year, Multiply Group has expanded its portfolio through a range of acquisitions, and strategic investments
Board proposes final cash dividend for 2021 of Dh1.2 billion, bringing total dividends for the year to Dh3.1 billion and delivering on quarterly dividend policy
Industry leading fleet utilisation and excellent progress on cost efficiency results in full year EBITDA of over $1 billion
The group's net revenues surpasses Dh3 billion with a year-on-year increase of 49 per cent