Arab Today, arab today lamprell buys maritime industrial services
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Arab Today, arab today
Arab Today, arab today

Lamprell buys Maritime Industrial Services

Arab Today, arab today

Arab Today, arab today Lamprell buys Maritime Industrial Services

Dubai - Arabstoday

Gulf Capital and Amwal AlKhaleej, two leading Middle Eastern Alternative Investment firms, announced on Sunday the completion of the sale of their portfolio company, Maritime Industrial Services (MIS) to a regional trade buyer, Lamprell which is listed on the London Stock Exchange. The MIS sale of 100 per cent of the company for $336 million caps an almost five-year holding period by both firms during which revenues and profits were increased by 203 per cent and 184 per cent respectively. \"MIS represents a solid case study for the Middle Eastern private equity industry. This is a good example of how private equity firms can add real value to their portfolio companies by growing operations, bringing in new management leadership, executing bolt-on acquisitions, launching regional and product expansions,\" said Dr Karim El Solh, co-Founder and Chief Executive Officer of Gulf Capital. From / Gulf News

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Arab Today, arab today lamprell buys maritime industrial services Arab Today, arab today lamprell buys maritime industrial services

 



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