UAE private equity firm TNI successfully exits its investment in Depa
The National Investor, an Abu-Dhabi based investment firm, has announced the successful completion of its exit from Depa, one of the world's largest interior contractors and a Nasdaq Dubai and London Stock Exchange listed company.
According to the announcement, this exit has yielded a cash-on-cash return of 2.8x on the fund's investment and an internal rate of return (IRR) of 61%. It is worth mentioning that they still retain an investment into Depa at the corporate level. Also, TNI's Chairman, Abdullah Mazrui is the Chairman of Depa, and his private office Mazrui Holdings retains a strategic stake in Depa. Orhan Osmansoy is the CEO of TNI.
The National Investor is listed in the Middle East Investors Directory with the code OR53
More details follows:
Investors Directory 2024