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Gulf Capital Sees an 83 percent Surge in the Profitability of its Private Equity Portfolio on the Back of Early Prescient Investments

Gulf Capital Sees an 83 percent Surge in the Profitability of its Private Equity Portfolio on the Back of Early Prescient Investments
December 14, 2021

Gulf Capital, a leading thematic alternative investment firm investing across the GCC and Asia, announced today record profitability results for its private equity portfolio over the Last Twelve Month (LTM) ending in Q3 2021.

The fair value of Gulf Capital’s $750 Million GC Equity Partners III (Fund III) soared by 67% in the Last Twelve Months, fuelled by the record profitability of its underlying portfolio companies. This strong performance is a direct result of Gulf Capital adopting a thematic investment approach in 2015 and investing early in the sectors of the future, namely technology, fintech, healthtech, healthcare, business services, and sustainability. This thematic investment approach is yielding strong dividends with Fund III portfolio companies reporting, on average, revenue growth of 28% over the last year and a remarkable surge in profitability (EBITDA) of 83% year on year. Ranked by sectoral performance, the fastest growing investments were those in the fintech sector (with EBITDA profitability up 109% year on year), healthcare (up 74%), technology (up 54%), sustainability (up 31%) and business services (up 23%) respectively. Most portfolio companies have exceeded their pre-pandemic 2019 profitability and, in fact, are accelerating their growth in the current environment. Long-term secular trends like the change in consumer behavior, the shift to online ecommerce, the rise of telemedicine and the boom in digital payments during the pandemic are benefitting Gulf Capital’s portfolio companies, resulting in a surge in revenues and profitability.

Dr Karim El Solh, Co-Founder and Chief Executive Officer of Gulf Capital, said: “Our switch to thematic investing, as early as 2015, is yielding real dividends with our private equity portfolio seeing all time high record profitability. Our early bets over the last six years on companies operating in the fintech, healthtech, online auctions, healthcare and sustainability sectors are paying off and we are gratified to see an average increase in Fund III portfolio companies’ profitability of 83% year on year. Not only have our portfolio companies recovered nicely from the pandemic but they are, in fact, accelerating their growth and beating established budgets. We expect these long-term secular trends to remain for the foreseeable future and for our portfolio companies to continue to benefit from them. Going forward, Gulf Capital is continuously refining and updating its sectoral mapping exercises and evaluating the nascent sectors of the future. Identifying long term trends early on and thematic investing is at the core of everything we do at Gulf Capital.”

Gulf Capital also announced expansion plans across Asia and the establishment of a new office in Singapore to cover its Southeast Asia and Indian investments. The Firm is currently hiring a deep bench of Asian private equity and operating experts to effectively connect the Gulf region with the rest of Asia across this fast-growing East-West Asian corridor, named Ascending Asia.

Dr. Karim El Solh added: “Asia has been at the heart of our cross-border expansion strategy for our portfolio companies for the last 15 years. We have closed to date over 14 bolt-on acquisitions, joint ventures and new organic expansions across Asia. As a rule, we encourage all of our portfolio companies to expand across Asia, which is the fastest growing region in the world. The unprecedented growth opportunities presented by the emergence of ‘Ascending Asia’ have never been greater. Data shows us that ‘Ascending Asia’ is the engine of global growth over the next 30 years, with the region’s GDP projected to grow at more than 2.5x the growth rate of European GDP and 2x the growth rate of US GDP over the next 30 years. It is clear to us and to our global investors that when it comes to long term growth, Ascending Asia is the region to be in.”

Download press release in Arabic.

 
 
 
 
 

Fraud Alert

Fraud Alert - Important alert to Gulf Capital Investors,Shareholders, the Financial Services Community and the Public

Fraudsters are engaging in a fraudulent email and website scams whereby websites and communications are targeting members of the public and potential investors (victims) by fraudulently using the identity of legitimate members of Gulf Capital's Executive team or Gulf Capital's Board of Directors to solicit investments, fake job offers and other dealings, without authority, and for a malicious purpose. Neither Gulf Capital's Chief Executive Officer nor any members of its Board of Directors or other members of its Executive team have made any offers for investment partnership, offers of employment or other dealings through these channels and the names, and identities of such individuals are being used illegally and without their consent.

Gulf Capital and its management have taken and will continue to take legal action against anyone found misusing Gulf Capital's name or the names or identities of any members of the Board of Directors of Gulf Capital or Gulf Capital's Executive team illegally or without consent for whatever reason.

Report Scams

We invite you to immediately contact fraud-detection@gulfcapital.com* if any of the following occur:

  1. You have received any unsolicited correspondence or investment advice or you think you have been contacted in relation to a possible scam (whether by telephone, email or courier) by sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  2. You have received notice from anyone outside of Gulf Capital informing you or raising concern regarding the fact that they may have been contacted by any sources fraudulently impersonating Gulf Capital's Board of Directors or any members of Gulf Capital's Executive team.
  3. You have received any communications referencing any of Gulf Capital's Board of Directors that you consider are suspicious or which you are not sure how to respond to.
  4. You have any concerns about the authenticity of any website passing itself off as a website operated by Gulf Capital or referencing the names and identities of the Board of Directors of Gulf Capital or any of its Executive team without authority.
*Note: When forwarding suspicious e-mails to fraud-detection@gulfcapital.com:
  1. Do not modify the original subject line or contents enclosed, and do not include any personal or confidential information.
  2. Forward the full internet headers of any suspicious emails to fraud-detection@gulfcapital.com before deleting as this information willhelp Gulf Capital to track the true origin of the correspondence. The internet headers can be found through your e-mail system from within the e-mail. For example, in Microsoft Outlook, you can find the internet headers by opening the e-mail, then choosing "View" and "Options". Depending on the e-mail system that you use, the process for locating the internet headers will vary. We recommend you either copy and paste the internet header and message into a new e-mail or scan the e-mail and full headers and send as a PDF attachment to ensure it is received by fraud-detection@gulfcapital.com.

Protect Yourself

  1. We recommend that you avoid getting into a conversation with any fraudsters or revealingany personal or identifying information, but you should endeavor to record thepurported name of the person and organisation along with any other information they give you (e.g., telephone number, address etc.) and then forward all such information to fraud-detection@gulfcapital.com.
  2. You should obtain independent legal and financial and professional advice before handing over any funds or entering into any agreements in relation to such solicitations.
  3. We recommend that you not respond or open any attachments or links associated with any suspicious e-mails.
Copyright آ© 2017 Gulf Capital Pvt. JSC. All rights reserved.

Illegal Use of Gulf Capital's Name

Phishing Email Alert

Gulf Capital Pvt. JSC has recently become aware of a spate of fraudulent emails purporting to offer financing from, and employment at, Gulf Capital and Gulf Capital Limited (DIFC). and misusing the official Gulf Capital logo and trade name. These emails do not originate from Gulf Capital or any of our affiliates. If you have received any such email, do not click any links in the email or provide any personal information (e.g. your bank details or copies of identity documents).

There are a number of illegal advance fee scams in operation where our name and those of our Board of Directors and Senior Management are being impersonated and abused.

The Gulf Capital name, and sometimes the names of individual employees within our firm, have been used in various fraudulent scam emails, letters and phone calls. These communications typically seek to attract a victim by suggesting that project funding or a job can be obtained by paying an upfront fee. Sometimes fake documents are sent to the victim and websites mimicking the Gulf Capital name and brand are used.

Common themes include:

  • the use of similar domain names designed to appear legitimate; examples include using phishing email accounts from domains such as: @gulfcap-es.com, @gulfcp.com, @gullfinvest.com, @eaglesquare-ae.com, @gulfcainvest.com, board members name@outlook.com, @gulfunioninvestment.com, name@gullfcapital.com
  • offers of work/visa services related to employment in the Middle East upon payment of administrative, medical and other fees;
  • offers of project financing upon payment of a fake surety bond and due diligence fees;
  • forged Board of Directors resolutions approving loans, MOUs, loan agreements claiming "100% refundable" professional service fees;
  • bogus look-alike websites;
  • fake profiles on LinkedIn and My Opportunity purporting be Directors or Management of Gulf Capital;
  • "signed" and stamped contracts purporting to be provided by us regarding project financing; and
  • use of our UAE telephone numbers by criminal impersonators.

This is not an exhaustive list of scams. New schemes designed to steal the business public's money or personal data are being invented all the time or for use in other illegal activities. Please act prudently and sensibly for your own protection and take note of our Fraud Alert on our website. The perpetrators may not always request money or personal details on initial contact, but often wait until the victim has responded.

Please note that Gulf Capital and its Management and Directors have no involvement in these or any other scams, and will vigorously prosecute any violators in tandem with the concerned authorities. Our name is being used in an unauthorized and illegal way. Note that we do not use Gmail, Hotmail, Outlook or Yahoo addresses.

We recommend you delete scam emails and do not reply to scam letters, emails, calls or faxes, and do not send money to strangers. If you need to confirm with us whether a communication is genuine, please contact us at fraud-detection@gulfcapital.com.

I have read and understood the Fraud Alert, Terms & Conditions of Use and Privacy Policy. I accept the terms and condition therein and wish to proceed to the Gulf Capital website.

تناهى إلى علم شركة جلف كابيتال أن ثمة مراسلات متنوعة تعمم عن طريق البريد الإلكتروني، ومن مواقع على شبكة الإنترنت، وعن طريق البريد العادي أو الفاكس، تدعي زيفا أنها صادرة عن شركة جلف كابيتال أو بالاشتراك معها و/أو مع موظفيها. ويراد من عمليات الاحتيال هذه، في الكثير من الحالات، الحصول على المال و/أو معلومات شخصية من الأشخاص الذين يتلقون تلك المراسلات.

وتود شركة جلف كابيتال أن تحذر عامة الجمهور من هذه الأنشطة الاحتيالية التي يزعم الاضطلاع بها باسم الشركة و/أو باسم موظفيها؛ وستقدر لفت انتباهها إلى أي مراسلات مشبوهة.

يرجى الانتباه إلى ما يلي:

  • · لا تمنح شركة جلف كابيتال أي قروض شخصية أو تمويل شخصي.
  • لا تمارس شركة جلف كابيتال أي أعمال مع اسواق العملات العالمية و السلع و المعادن