Foursan Group Acquires a 30 Percent Stake in Zalatimo Sweets & Restaurants (MENA)

Source: Foursan Group

Foursan Group, a private equity firm primarily focused on the Middle East, has acquired a 30 percent stake in Zalatimo Sweets & Restaurants, a Jordan-based confectionary company. The transaction was structured through Foursan Capital Partners I. Zalatimo currently operates six retail outlets around Amman; has franchised outlets in Bahrain, Kuwait and Qatar; is involved in wholesale distribution and subcontracting for both regional and global chains and exports primarily to the United States and Gulf Cooperation Council countries. The company will use the fresh investment to further expand its offerings locally, regionally and internationally. Financial details of the transaction were not disclosed.