"Survival of the fittest as Gulf PE firms battle crisis", Business 24|7
Oct | 2008
The region's private equity sector will enter the survival of the fittest phase and only a handful of the firms will survive in the next two to three years, experts said.
Industry experts speaking to Emirates Business said there have been too many players and that eventually, there will be a break out of the leading firms from the rest of the pack and not everyone will survive. "The market will solidify," Karim El Solh, CEO of Gulf Capital said.
"There are more than 125 equity funds launched, and a number of players are still coming to the market. There are simply too many players in the sector. There is a lot of cash chasing few opportunities so there will be a shaking up of a sector and not all of the firms will survive."
'Super Return' Returns - HBG Holdings Principal Sonsors on this year's conference
Oct | 2008
Dubai, UAE, 13th October 2008: HBG Holdings (HBG), a leading Jeddah and Dubai based private equity firm, has announced that is one of the principal sponsors of ‘Super Return Middle East 2008', the flagship event for the region's private equity sector, which opened today at the InterContinental Hotel in Dubai Festival City.
‘Super Return Middle East 2008' will be a confluence of the most powerful global and regional private equity firms and practitioners. The event boasts an exceptional line-up of regional and international speakers, and will bring into spotlight the increasingly important role the GCC is expected to play in global capital markets.