Gulf Capital acquires Kuiper International as it expands across Asia

Monday, Feb 08, 2016

Abu Dhabi: OCB Oilfield Services, a company owned by Abu Dhabi based Gulf Capital has acquired 100 per cent of Kuiper International as it expands across Asia, Gulf Capital announced on Monday.

Kuiper International, headquartered in Singapore provides personnel and technical support services to offshore oil and gas construction and maintenance sectors.

The company has a strong presence in the Asia Pacific region and Australia, according to Gulf Capital.

“This latest bolt-on acquisition cements our track record in partnering with great management teams and building global platforms. OCB, by acquiring 100 per cent of Kuiper, is expanding rapidly across Asia Pacific and Australia and firmly positioning itself as a global leader in its sector,” Karim Al Solh, Chief Executive Officer of Gulf Capital, said in a statement.

Gulf Capital, an alternative asset management firms is investing across several asset classes including private equity, private debt and real estate. It currently manages over Dh12.4 billion of assets across 10 funds and investment vehicles.

The company last month raised $175 million (Dh644 million) for the first closing of its second credit and mezzanine fund, Gulf Credit Opportunities Fund II that will provide finance to companies and private equity sponsors operating in the Middle East, North Africa, Turkey and Sub-Saharan Africa.

Staff Report