Oman's Jabreen Capital buys stake in EastBridge

"This partnership will act as a bridge between the Middle East and Southeast Asia," Kevin Lim, chairman and founder of EastBridge Partners Singapore, said in a statement. "We will work closely together in raising funds, executing deals and creating value in portfolio companies and enhancing business."

Jabreen was established in 2015 as a 100%-owned subsidiary of investment and financial services provider Ominvest and began operations last year with a view to making private equity investments globally in non-cyclical sector. The firm, which claims about $700 million in assets under management, has described its EastBridge investment as way of accessing Southeast Asia's growing middle class and proximity to other major markets.

Seoul-headquartered EastBridge was founded in 2011 with a focus on mid-market growth and buyout opportunities either within Korea or where a Korean-angle can be exploited. The firm claims to have backed 18 companies to date across the consumer, healthcare, technology, and industrial sectors. Its second and most recent fund raised $180.5 million in 2016. A Singapore office was set up the following year.

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• Topics
• Southeast Asia
• MENA
• GPs
• Singapore