Genero Capital, a Dubai-based investment company, has reported profit for last year and also announced three investments that they made in 2012 in financial services, restaurant retailing and commercial real estate.
Genero Capital, with Tamer Bazzari as founder and CEO, announced a net profit of around $600,00 for the 8 months ending December 2011. Prior to founding Genero, Mr. Bazzari spent 8 years with Rasmala Investment Bank.
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Genero Capital LLC, a Dubai-based investment company, has reported a net profit of Dhs2.3m for the 8 month period starting since Genero's inception in April 2011, and ending on 31 December 2011.
Genero is focused on Corporate Finance Advisory and Private Equity Investments in the Small to Medium Enterprise (SME) segment in the Middle East and North Africa.
Commenting on the matter, Tamer Bazzari, Founder and CEO of Genero Capital, said, "We are pleased with the positive start to Genero given the challenging environment in the region. We were able to close two cross boarder Corporate Finance transactions and make one Private Equity investment in various sectors, namely, financial services, restaurant retailing and commercial real estate. We expect to have a strong 2012 given the quality mandates we have signed, our strong pipeline, solid regional contacts, and effective execution platform."
Bazzari added, "The SME segment in the region has significant opportunities. This segment has been characterized by insufficient funding from banks and equity investors. Most SME's could benefit from management guidance and financial support that could significantly grow the underlying businesses, improve their efficiencies and increase their profitability."
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