BlueFive Capital equity fund acquires Wusoom Holding
COMMERCIAL NEWS
BlueFive Capital, a global alternative investment firm with major presence in UAE, has announced that its its private equity fund has successfully acquired 100% of Wusoom Holding, a diversified holding company with assets across high-growth sectors in the GCC.
This strategic acquisition by BlueFive Reef Private Equity Fund I marks a significant milestone in the group's mission to drive value in the region’s most critical and promising sectors, said a statement from the company.
BlueFive Capital is a global investment platform that targets opportunities in high-growth economies with the goal of transforming traditional financial models and fostering sustainable growth.
Incorporated in Abu Dhabi Global Market and with offices in London, Manama, Abu Dhabi, Dubai and Beijing, the firm provides strategic exposure to sectors that will define the next generation of economic prosperity.
The Wusoom group has a diversified group of companies across the fast-growing real estate, technology, hospitality, aviation, and industrial sectors.
BlueFive said it will leverage its operational expertise and global network to accelerate growth, optimize efficiencies, and scale cross-sector collaborations across the newly acquired businesses.
The acquisition aligns with BlueFive Reef Private Equity Fund I’s mandate to invest in later-stage private equity opportunities that benefit from the GCC’s economic diversification and long-term growth, it added.
Founder and CEO Hazem Ben-Gacem said: "The acquisition of Wusoom Holding is a transformative step for BlueFive Capital and our investors. Wusoom Holding represent the backbone of the GCC’s key sectors, each with strong fundamentals and scalable potential."
"We will aim to continue to invest in these businesses and cultivate solid local champions and global leaders,."he stated.
BlueFive Capital will initiate integration efforts, focusing on operational enhancements, technology adoption, and talent development across the Wusoom Holding portfolio. Further acquisitions in the GCC are anticipated in the coming months, it added.-TradeArabia News Service
