Gulf Capital backs CWB as part of $60mln IP platform build

Gulf Capital made the tenth deal for its third private equity fund last week, taking a significant majority stake in CWB Group, an intellectual property services business with operations in the MENA region. The transaction is part of a buy-and-build strategy to establish an emerging markets platform of intellectual property assets which the UAE-based alternative investment firm is planning to back with as much as $60 million.  Mohamed Madani, who led the deal for Gulf Capital,  joins CWB’s board along with three of his colleagues – Richard Dallas, Mohamad Assad Salhab, and Fouad Daher.

According to Madani, Gulf Capital has been analyzing the potential of the intellectual property services market for the past two years. A combination of the sector’s projected growth and CWB’s potential to expand from a regional to a global business ultimately drove the fund’s decision to invest. Estimates put the growth of the $350 million MENA, African, and CIS intellectual property services market at approximately 6% annually over the next 5 years.

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