Jun 03 2012
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Standard Chartered wins "Best Private Equity House in the Middle East for 2011" Award
"Private Equity is increasingly becoming a primary solution for companies seeking growth capital, pre-IPO investments, or deleveraging solutions", Taimoor Labib
UAE, 03 June, 2012 - Standard Chartered announced today that it has won the "Best Private Equity House in the Middle East for 2011" Award by world-renowned finance magazine, emeafinance. The awards will be presented at a charity dinner at the Grand Connaught Rooms in London.
In 2011, Standard Chartered Private Equity ("SCPE") successfully closed two Private Equity deals in the Middle East region. In August of 2011, the bank announced the acquisition of a minority stake in Construction Products Holding Company (" CPC ") through an equity investment of USD 75 million. CPC is Saudi Arabia's largest manufacturer and provider of building materials. In the same year, the Bank announced a USD 75m Mezzanine Investment in Hassan Mohammed Jawad & Sons BSC, a family-owned private company based in Bahrain.
Taimoor Labib, Managing Director and Regional Head of MENA Private Equity at SCPEL said:
Since 2002, Standard Chartered, through its Principal Finance Group, has invested approximately $5.0bn in more than 65 companies throughout Asia, Africa and the Middle East. The investments aim to provide growth capital to enable development and expansion, buy outs and acquisitions, and balance sheet restructuring. The Principal Finance Group invests directly in companies through Private Equity, Infrastructure, Real Estate and Distressed Investments.
Standard Chartered - leading the way in Asia, Africa and the Middle East
Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years.
With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 87,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank's heritage and values are expressed in its brand promise, 'Here for good'.
For more information on Standard Chartered, please visit www.standardchartered.com Follow Standard Chartered UAE at www.facebook.com/standardchartereduae and on Twitter @StanChartUAE.
For further information about Standard Chartered, please contact:
Senior Regional Manager, External Communications
Standard Chartered MENAP
Tel: 009714 508 2564
Mobile: 00971 56 675 9894
Or please contact:
Orient Planet PR & Marketing Communications
Tel: +971 43988901
Fax: +971 43988941
P.O.Box: 23345, Dubai, UAE
© Press Release 2012
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