Venture Capital Bank Bahrain

Venture Capital Bank Bahrain and Saudi leasing company Hanco has acquired Byrne, a leasing, car rental, and fleet management company for around $160 million.

Established 20 years ago, Byrne is the largest general rental company in the Middle East with 450 employees and 13 offices and rental depots all over the GCC. The sellers in the deal are Havenvest Private Equity Middle East and HSBC Bank Middle East. The transaction was partly financed by UAE's First Gulf Bank.

Venture Capital Bank Bahrain is listed in the Middle East Investors Directory with the code BFD126

More details follows:

Bahraini investment firms Venture Capital Bank and Bank Alkhair announced the acquisition of 65% of Turkish firm Goknur Foods for $100 million.

Goknur is one of the largest producers of fruit juice concentrate and fruit puree in Turkey and sells to beverage makers in 60 countries.

Venture Capital Bank Bahrain is listed in the Middle East Investors Directory with the code BFD126

More details follows:

Venture Capital Fund, the SME investment fund of Venture Capital Bank Bahrain, has invested in Dar Alwasmi Company, a Bahrain custom furniture manufacturer.

Dar Alwasmi Company provide high quality handmade furniture, such as bedrooms, dining rooms and office furniture. According to the firm, the Woodwork and Furniture Industry in the GCC, in size, rivals most international markets. Studies show that imports of furniture and décor are increasing every year.

Established in the Kingdom of Bahrain in 2005, VCBank operates under an Islamic investment banking licence from the Central Bank of Bahrain and has an authorized capital of $500 million.

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More details from their release follows