Qatar investment firm acquired 40% stake in Intercat

Qatar private equity firm QInvest acquired a 40.8% stake in Intercat Hospitality group, one of the UAE's outsourced business services companies.

The Group is comprised of Intercat, Butlers and restaurant concepts Mashawi and Toast. Intercat is a player in the institutional catering market with clients in the hospitality, corporate, education, and contracting sectors. QInvest is established in 2007 with authorized and paid up capital of $1 billion and $500 million respectively.

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More details from their release follows