Gulf Capital

Gulf Capital, established in 2006, is a prominent alternative investment firm headquartered in Abu Dhabi, with offices in Dubai, New Cairo, Riyadh, and Singapore. The firm specializes in thematic investing across Growth Markets, focusing on resilient sectors such as Technology, Fintech, Healthcare, Business Services, and Sustainability. Gulf Capital provides growth capital, strategic advice, and operational expertise to partner with entrepreneurs and management teams, aiming to build market-leading global businesses. With over $2.5 billion in assets under management across seven funds, the firm has a proven track record of 36 investments since inception. Gulf Capital is committed to responsible investing, being a signatory to HRH Prince Charles' Terra Carta and the United Nations Principles for Responsible Investments.

Alvaro Abella

Managing Director, Private Equity

Richard Dallas

Managing Director Private Equity

Wissam Daoud

CFO

Christopher Foll

Senior Managing Director

Hazem Abu Khalaf

Managing Director

Mohammad Madani

Managing Director

Shantanu Mukerji

Managing Director

Asaad Salhab

Senior Operating Partner

15 past transactions

Santechture

Seed Round in 2023
Santechture is a healthcare technology company focused on revolutionizing Revenue Cycle Management in Asia through advanced AI and cloud-based solutions. The company offers Software as a Service products that cater to both large and small healthcare providers, facilitating the development of efficient revenue cycle processes. Santechture's software enhances patient management and assists administrative staff and medical professionals with critical tasks such as medical coding. By implementing these innovative solutions, healthcare organizations can reduce operational costs, increase automation, improve accuracy, and safeguard their revenue.

Vezeeta

Venture Round in 2022
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, established in 2011. It facilitates connections between patients and healthcare providers across the Middle East and Africa, specifically in countries such as Egypt, Saudi Arabia, Jordan, and Lebanon. The platform allows patients to search for, compare, and book appointments with doctors, leveraging over 200,000 verified reviews to enhance decision-making. In addition to patient-facing services, Vezeeta offers innovative software solutions for healthcare providers, including clinic management tools that streamline operations and improve patient experiences. The platform also supports features such as live scheduling, automated medication reminders, and options for in-clinic, virtual, or at-home consultations, thereby empowering millions of patients to access and manage their healthcare efficiently.

ECLAT Health Solutions

Acquisition in 2021
ECLAT Health Solutions is a healthcare company that specializes in ambulatory surgery and outpatient diagnostic services. In addition to these services, it provides healthcare revenue cycle consulting tailored to large hospitals, physician groups, ambulatory surgery centers, managed services organizations, and small independent practice associations. ECLAT Health Solutions offers a range of services including medical coding, auditing, and billing systems that are designed to be fast, accurate, flexible, and affordable. By delivering these solutions, the company aims to help its clients reduce administrative burdens and enhance operational efficiency in their healthcare delivery processes.

Hansei Solutions

Acquisition in 2021
Hansei Solutions is a revenue cycle management company that specializes in providing tailored services for the behavioral health sector. The company offers a comprehensive range of solutions designed to meet the diverse needs of various facilities, including third-party billing, in-house transitions, and performance optimization. Hansei Solutions focuses on critical business components such as verification and benefits, licensed clinical utilization review, facility and laboratory billing, collections, and accounts receivable management, ensuring that clients can enhance their operational efficiency and financial performance.

Cedar White Bradley

Acquisition in 2020
Cedar White Bradley, established in 2006, is a professional services firm specializing in intellectual property (IP) management. Headquartered in Dubai, UAE, with additional offices across the Middle East and North Africa, the company offers a comprehensive range of IP services, including registration, protection, and administration of trademarks, patents, copyrights, and industrial designs. They also provide expertise in IP litigation, anti-counterfeiting measures, and domain name management.

Vezeeta

Series D in 2020
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, established in 2011. It facilitates connections between patients and healthcare providers across the Middle East and Africa, specifically in countries such as Egypt, Saudi Arabia, Jordan, and Lebanon. The platform allows patients to search for, compare, and book appointments with doctors, leveraging over 200,000 verified reviews to enhance decision-making. In addition to patient-facing services, Vezeeta offers innovative software solutions for healthcare providers, including clinic management tools that streamline operations and improve patient experiences. The platform also supports features such as live scheduling, automated medication reminders, and options for in-clinic, virtual, or at-home consultations, thereby empowering millions of patients to access and manage their healthcare efficiently.

Medica Group

Acquisition in 2019
Medica Group is a Dubai-based company specializing in the distribution of aesthetic and dermatological equipment and products. Founded in 1998, it serves a diverse clientele, including dermatologists, plastic surgeons, aesthetic centers, and spas across the Gulf Cooperation Council (GCC), Levant, North Africa, and Southeast Asia. The company's product portfolio includes a wide range of items such as skin care products, botulinum toxins, dermal fillers, breast implants, and various aesthetic equipment for facial treatments, hair removal, and body contouring. In addition to product distribution, Medica Group offers marketing services, training, and support, including installation, warranty contracts, and technician assistance. The company also engages in social media and digital marketing strategies, exhibitions, and workshops, aiming to enhance its clients' visibility and operational efficiency in the medical aesthetics field.

Ison Xperiences

Debt Financing in 2018
Ison Xperiences is a leading provider of customer engagement and experience management services, operating primarily in Africa, the United Arab Emirates, and India. As the largest independent call center operator in Africa, the company has a presence in ten Anglophone and Francophone countries, employing over 6,000 individuals, with more than 3,400 based in Africa. Ison Xperiences specializes in delivering outsourced voice and customer relationship management services to a diverse range of industries, including telecommunications, government, retail, energy, media, entertainment, and aviation. By focusing on optimizing customer experience and enhancing business process management, Ison Xperiences enables its clients to improve revenue generation and overall operational efficiency.

Geidea

Private Equity Round in 2018
Geidea is a leading electronic payment systems and financial technology company based in Riyadh, Saudi Arabia, where it was established in 2008. The company serves various sectors, including banking, retail, food, hospitality, and healthcare, by offering secure and effective payment solutions. Geidea develops software and applications designed to enhance customer experiences while providing after-sales services, including service level guarantees for both hardware and software. With branches in Jeddah, Dammam, Abha, and Tabuk, the company has also established an International Research and Development center in Bangalore, India, which focuses on creating innovative solutions and fostering loyalty among stakeholders.

Geidea

Acquisition in 2018
Geidea is a leading electronic payment systems and financial technology company based in Riyadh, Saudi Arabia, where it was established in 2008. The company serves various sectors, including banking, retail, food, hospitality, and healthcare, by offering secure and effective payment solutions. Geidea develops software and applications designed to enhance customer experiences while providing after-sales services, including service level guarantees for both hardware and software. With branches in Jeddah, Dammam, Abha, and Tabuk, the company has also established an International Research and Development center in Bangalore, India, which focuses on creating innovative solutions and fostering loyalty among stakeholders.

Classic Fashion Apparel Industry

Private Equity Round in 2018
Classic Fashion Apparel Industry Ltd. Co. is a prominent manufacturer and distributor of garments based in Irbid, Jordan, and is recognized as the largest garment-making company in the country. Established in 2003, the company specializes in a diverse range of apparel, including activewear, outerwear, innerwear, uniforms, formal attire, and workwear. Its client base features well-known brands such as Under Armour, Walmart, Hanes, One Jeanswear Group, and Lands' End. Classic Fashion Apparel Industry emphasizes quality in its production processes and prioritizes the welfare of its employees, reflecting its commitment to maintaining high standards in both manufacturing and workplace conditions. The company has achieved significant recognition and success, underscoring its status as a leader in the apparel industry.

ACCUMED Practice Management

Acquisition in 2018
ACCUMED Practice Management is a company based in Dubai, United Arab Emirates, founded in 2009, that specializes in providing revenue cycle management solutions to the healthcare sector. The company offers a range of services including medical coding and billing, contracting and pricing, and consultancy. ACCUMED's platform enhances medical documentation and optimizes billing cycles, helping both public and private healthcare providers improve revenue and collections. Additionally, its quality management system is designed to identify and rectify errors before claims are submitted to payers, ensuring a smoother claims process. By providing comprehensive end-to-end solutions, ACCUMED serves as a single point of contact for healthcare organizations seeking to efficiently manage their revenue cycle operations.

Sporter.com

Acquisition in 2016
Sporter E-commerce LLC is an online retailer based in Melville, New York, specializing in sports and nutrition supplements. Founded in 2012, the company operates primarily within the Gulf Cooperation Council (GCC) countries, offering a diverse range of products including muscle building, weight gaining, pre-workout, weight loss, health and wellness supplements, as well as snacks. Sporter distributes various items such as vitamins, muscle boosters, sportswear, and both protein and non-protein supplements through its e-commerce platform, catering to customers seeking to enhance their fitness and nutritional regimes.

Multibrands

Acquisition in 2016
Multibrands operates in the food and beverage sector which is one of the largest and fastest growing non-oil sectors in the Kingdom with a current market size of $56 billion (SR210 billion).

Itsalat International

Venture Round in 2006
Established in 1993 as Itsalat International, i2 is now the largest mobile provider in the region with an operational network covering more than 20 countries, while also functioning as distributor, retailer and wholesaler. The company's diverse body includes several subsidiaries such as the i2 café, i2 magazine, i2 club, i2 xtra and i2 prestige.
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