Standard Chartered Private Equity Exits US$75 Million Mezzanine Investment in Bahrain’s Hassan Mohammed Jawad & Sons (MENA)
Source: Business Intelligence Middle East
Standard Chartered Private Equity Limited (SCPEL), the private equity arm of Standard Chartered Bank, has exited its holdings in Bahrain-based retailer Hassan Mohammed Jawad & Sons. SCPEL originally invested US$75 million in mezzanine financing in the company, which operates approximately 550 stores in the Middle East and India, in September 2008. Financial details of the transaction were not disclosed.