Home » Kuwait Investors »

|| Kuwait investors acquiring additional stake in South Africa estate for $1.2 million

Kuwait investors South AfricaKuwait Investors IFA Hotels & Resorts strengthened its interests in South Africa by acquiring a further 5.25% in Boschendal, one of the oldest wine estates in South Africa, increasing its stake to 37.33%.

The transaction value is not mentioned in their press release, but according to the filings obtained by DubaiBeat.com, the transaction value is approximately $1.2 million. (They had originally bought a 19.25% stake in the Boschendal Estate for approximately $10 million in June 2006. In September 2007 they increased their stake to 26.5%.)

IFA Hotels & Resorts listed on the Kuwait Stock Exchange in January 2006, with a market capitalization of over $1 billion. According to their release, their current portfolio consists of 40 projects in total, of which 23 are hotels. Assets under management are valued at $10 billion. (To see more Kuwait investors like IFA check our investors list)

Previous Post: London-listed MENA PE firm cash rich and ready to invest
Next Post: Abu Dhabi Investors and Indian Conglomerate in Africa telecom venture

More from Kuwait Investors ...

  Kuwait private equity firm NBK Capital acquired 51% stake in Turkey advertising firm

  Kuwait investors acquired UK dining chain Little Chef for $23 million

  Kuwait Investors acquired land in Morocco for $53 million

  Kuwaiti firm Dimah Capital acquired real estate in UK for $70 million

  After the New York acquisition, Kuwaiti investors acquired a $33 million building in UK

  Kuwait investors acquired stake in Turkish bank for $350 million

  Kuwait firm Alshaya acquired La Senza UK out of administration

  Kuwait Finance House acquires logistic services center in Sweden for $70 million

  Kuwait investors acquired stake in Turkish retailer

  Gulf investors investing heavily in Philippines agriculture sector

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

Copyright 2007-2023 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter

Powered by Insightice