UAE's Gulf Capital eyes acquisitions, plans new fund - CEO - Reuters:
Gulf Capital said on Monday it had bought a majority stake in health aesthetics firm Medica Holding and was looking for more acquisitions in the Middle East, Africa and Southeast Asia.
United Arab Emirates-based private equity firm Gulf Capital bought a 70 percent stake in Medica, which provides aesthetics, cosmetics and dermatology equipment and products in the Middle East. It did not disclose the deal value.
“We are willing to fund any bolt-on acquisitions. We are looking at two acquisitions in the Gulf, a joint venture in Africa and also in southeast Asia,” Karim el Solh, chief executive of Gulf Capital, told Reuters.
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