Gulf Capital Invests US$30 Million in Evolvence Knowledge Investments, Partially Exits Metito Holdings (MENA)

Source: Gulf Capital, Metito Holdings

Middle East-focused alternative investment firm Gulf Capital has invested US$30 million in United Arab Emirates-based private school and nursery operator Evolvence Knowledge Investments (EKI). The transaction was structured through Gulf Credit Partners. EKI intends to use the investment to expand its education platform across the region. Separately, Gulf Capital has partially exited its investment in United Arab Emirates-based Metito Holdings, a provider of water management solutions, to Japan-based companies Mitsubishi Corporation (MC) and Mitsubishi Heavy Industries (MHI). MC and MHI acquired a 38.4 percent stake in Metito, predominantly from its existing shareholder Gulf Capital. The exit reportedly provided Gulf Capital with returns in excess of 3x on its original 2006 investment. Financial details of the transaction were not disclosed.