Havenvest Private Equity Middle East and Al Rashed Group Acquire Stake in IT Integrator Omnix International (MENA)

Source: Zawya

MENA-focused private equity firm Havenvest Private Equity Middle East, formerly known as HSBC Private Equity Middle East, and Saudi Arabia-based trading and industrial conglomerate Al Rashed group have jointly arranged the acquisition of a significant minority stake in UAE-based IT systems integrator Omnix International. Omnix intends to use the new financing for company growth. Financial details of the transaction were not disclosed.