Arqaam Capital announces Closing of the Investment advised by NBK Capital Partners in Falcon Group, the owner of 4Sale, the leading online classifieds business in Kuwait

Wednesday, December 19, 2018

Arqaam Capital acted as the Exclusive Sell-Side Adviser to the Shareholders

Arqaam Capital, the specialist emerging and frontier investment bank, announced today that it has acted as the exclusive sell-side advisor to the shareholders of Falcon Group (the “Group”), with respect to the Raptor Equity Ventures Limited investment in the Group as advised by NBK Capital Partners. Falcon Group has various interests in tech ventures in the region the biggest of which is in Kuwait where it owns the 4Sale and Q8Car online and app based classifieds businesses.

Omar Reda, Executive Director at Arqaam Capital commented: “We are delighted to have worked alongside the shareholders of Falcon Group in closing this transaction and to have helped them in this transaction while also finding the right partner through NBK Capital Partners. The investment by Raptor Equity Ventures Limited and the ensuing partnership will enable the Group to further expand the business. This transaction marks yet another milestone in solidifying Arqaam Capital’s presence in the region and further demonstrates the firm’s M&A capabilities, especially in the regional technology space.”

Mr. Tarek Sakr, CEO and Founder commented: “I am very happy with the outcome and would like to thank the Arqaam Team for their dedication and professional work.  This transaction marks an important milestone in the Group’s history, which was achieved by hard work and consistently delivering quality solutions to our customers. Through NBK Capital Partners we have found a like-minded partner who shares our values of innovation and hard work, as well as the commitment to take the company to its next level of growth both locally and regionally.”

Yaser Moustafa, Senior Managing Director at NBK Capital Partners, said: “We were attracted by the opportunity because of its strong market position and the significant potential for growth that the market offers. We also are excited to partner with a very strong management team which has deep market knowledge, sound operating skills and the technical expertise to capitalize on this sector’s strong fundamentals.

Arqaam Capital and Meysan Partners acted as the financial advisor and legal advisor, respectively, for Falcon Group. King and Spalding, International Counsel Bureau and Matouk Bassiouny acted as the legal advisors for NBK Capital Partners, while PWC and European Internet Ventures acted as financial and commercial advisors, respectively.