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Sunday, 20 October 2019

Ezdehar Management acquires 30% of Family Group

M&A WATCH- Ezdehar acquires 30% of Family Group: Private equity fund Ezdehar Management has acquired 30% of transport company Family Group for an undisclosed sum, the local press reported. The transaction reportedly saw Ezdehar subscribe to a capital increase, but also included a share sale. A midcap-focused fund, Ezdehar portfolio companies include leasing player Global Lease and loyalty card company Dsquares. The firm counts the European Investment Bank, EBRD, the UK’s CDC Group and Dutch development finance institution FMO among its limited partners.

Advisors: Al Tamimi & Co acted as legal adviser for Family Group while Shahid Law Firm advised Ezdehar, according to the report.

Correction: 20 October, 2019

An earlier version of this article incorrectly referred to Family Group as Family Corporation.

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