Europe’s largest private equity firm, CVC Capital Partners, is reportedly looking to open its first office in the Middle East.
A report from Bloomberg states that CVC plans to open the office in Dubai in September that will be led by London-based managing director, Ozgur Onder, along with a small team of dealmakers.
Reports of the Middle East expansion comes 18 months after CVC completed its first deal in the region when it bought a 30% stake in Dubai-based GEM Education.
This deal was followed in 2020 by the acquisition of D-Marin, a UAE-based marinas operator.
If the plan comes to fruition, it will make CVC the first major overseas private equity firm to establish a presence in the region since the fall of Abraaj in 2018, formerly the largest buy-out firm in the region.
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