DUBAI, June 15, 2016: Morgan Lewis advised NBK Capital Partners, the alternative investment management arm of the National Bank of Kuwait, in the structuring, documentation, and launch of its second MENA focused mezzanine fund NBK Capital Partners Mezzanine Fund II at USD 110,000,000.
NBK Capital Partners Mezzanine Fund II will provide capital to middle market companies in the consumer-centric sectors such as education, healthcare and food & beverage throughout the MENA region by way of mezzanine investments, which may range from senior secured debt to preferred equity, and may include a variety of equity-linked upside and conversion options.
NBK Capital Partners is the leading regional private equity group of NBK Capital based in Dubai with presence in Kuwait and Turkey. The firm targets middle-market companies in the MENA region presenting significant growth potential and opportunities for value creation. Since the launch of its first fund in 2007, NBK Capital Partners has executed 20 investments, primarily across the consumer, education and healthcare sectors and has completed 11 profitable exits.
Commenting on the transaction, Ayman Khaleq said: “We are extremely pleased to have advised our longstanding client and market leader, NBK Capital Partners, on this significant transaction. Our team has been fortunate to work with them since their first mezzanine fund raised in 2009 and we look forward to continuing our relationship in future complex and innovative transactions.”
The Morgan Lewis team was led by Dubai managing partner Ayman Khaleq and assisted by partners Philip Dowsett, Noel Ainsworth, and Gerald Kehoe; and associates Amanjit Fagura and Carolyn Abram.