Apr 19 2012
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KPMG issues report on emerging trends in MENA Private Equity
- The impact of the Arab Spring on the infrastructure sector;
- The evolving role of Sovereign wealth funds ("SWFs") on the global PE landscape;
- Planning for a successful exit; and
Vikas Papriwal, Partner and Head of SWFs and PE in the UAE, said "It is clear that the challenges of the last three years have forced the private equity industry to evolve. We have seen investment strategies with an increased focus on non-cyclical and growth sectors such as healthcare and infrastructure, and with a regional focus on those countries which possess strong macroeconomic fundamentals. However, an increase in oil prices, strong regional demographics and a revival in consumer spending have all contributed to an improvement in the macroeconomic environment and, while the private equity industry in the region still faces its challenges, industry leaders appear to be approaching the market with cautious optimism."
Dale Gregory, Transaction Services Partner, said "The slowdown in many of the world's more established economies has increased the focus of investors on emerging markets. Our local and global clients and our KPMG teams in the region continue to see significant interest in, and opportunities for, private equity investment. However, the MENA region is a relatively fragmented and disparate group of markets and this report draws on the experience of our specialists operating in specific markets and sectors to provide real insight into the current situation and anticipated developments."
A full-text PDF version of the report "Emerging trends in MENA Private Equity" can be downloaded from the KPMG website at the following link: Emerging trends in the MENA Private Equity.
KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 152 countries and have 145,000 people working in member firms around the world.
KPMG in the UAE was established in 1974 and has grown to more than 650 professional staff led by 31 Partners, across six offices. We have established a presence among market leaders in the region, providing clients with Audit, Tax and Advisory services.
Over several decades, KPMG in the UAE has had the opportunity to work with leading industry players in the region and has played a pivotal role in a number of success stories. At various stages of their growth clients have looked to KPMG for timely and independent advice to help in decision making.
KPMG's employees and Partners in the UAE embrace KPMG's Global values. These values determine how we interact with clients, with each other and with the world around us. These values also define what we stand for and how we conduct business. At KPMG we try to create sustainable, long-term value, not just for our member firms and clients, but for the broader society as well. KPMG aims to be a responsible corporate citizen by making a real difference to the communities in which it operates.
© Press Release 2012
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