CORECAP announced today its establishment as an investment and advisory firm that offers a spectrum of compelling investment opportunities in alternative asset classes in the MENA region to sophisticated institutional and high net worth investors. The firm specialises in structured complex financing to offer its investors prudently risk managed investment portfolios that set benchmark returns. The firm originates, structures and leverages its investors’ capital to fund management-led buyouts & buy-ins, consolidations, growth capital, recapitalisations, equity and mezzanine private placements.
CORECAP was founded by a prominent group of international and regional institutional and high net worth investors represented by its Chairman, Sheikh Mohamed Althani who is the former Minister of Economy & Commerce in Qatar, Vice Chairman, Rohit Walia who is the CEO and Managing Director of Bank Sarasin-Alpen (ME) LTD and Alpen Capital (ME) LTD, leading Swiss private and investment banks, and by COREPARTNERS, an investment management firm comprising a team of private equity professionals with a strong track record and institutional credibility, represented by Khaled Hassan Rashed as Chief Executive Officer and Board Member, Omar Adel El Maghawry as Executive Director and Jawaher Menassa as Associate Director.
H.E. Sheikh Mohamed Althani, Chairman of CORECAP declared: ‘The favorable regional macro-economics conditions resulting in GDP growth exceeding 7% p.a. in most countries, large forex reserves, reasonable inflation, real and budget surpluses have encouraged international and regional investors to seek investments in the region. With abundant liquidity, under performing capital markets and scarce investment products, a niche for investment opportunities in alternative asset classes has risen. I believe that CORECAP posses the skill set and capability required for this type of investments. I am proud to be part of the firm’s founding team and partner with outstanding credible institutions and entrepreneurs with vast investment experience and a strong shareholder base who can lead the growth of this industry.’
Rohit Walia, Vice Chairman of CORECAP added: ‘We are very proud and thrilled to be part of the founding team of CORECAP, one of the strongest teams in this industry. Establishing Bank Sarasin- Alpen (ME) Ltd and Alpen Capital (ME) Ltd was a milestone for us and expanding into alternative asset classes is a natural progression to fulfill the investment appetite of our investors. The critical success factors for an investment firm are a combination of the professional team’s expertise, the management’s vision, the strong shareholder base and the reputable financial institutions on board, which we believe we have managed to combine under the roof of CORECAP.’
Khaled Hassan Rashed, CEO & Board Member of CORECAP said: ‘On behalf of COREPARTNERS, I would like to express our contentment to have partnered with such reputable and prominent figures and institutions with an unmatched track record. I am honoured to have on board our Chairman H.E. Sheikh Mohamed Althani who was instrumental in reforming one of the richest economies in the world and our Vice Chairman Rohit Walia, an exemplary banker and entrepreneur who has successfully founded Bank Sarasin-Alpen (ME) Ltd and Alpen Capital (ME) Ltd. Their partnership and institutional investment is an endorsement to the vision, strategy and domain expertise of our versatile investment professional team. Their backing augments our strategic network, funding capabilities and proprietary access to deal flow in alternative asset classes, thus enforcing the value proposition of CORECAP and ensuring its future growth ’.
Omar Adel El Maghawry, Executive Director of CORECAP, said: ‘I am delighted by our shareholders’ dedication to CORECAP. Sharing the same vision and ethical values, commitment to applying international best practice and disciplined risk management processes to achieve operational excellence is what brought us all together. Our team is a mix of 10 nationalities bringing together 100 years of collective private equity, investment management, banking, and operations experience gained from credible international and regional institutions including Barclays, Merrill Lynch, Lloyds, AMEX, Bank of America, Dresdner, CIB, Abraaj Capital, DIB, EFG-Hermes, MashreqBank, IBM, CEMEX, Siemens, Nestlé, ALICO, KPMG, PWC, E&Y, PWC, Qatar Petroleum among other reputable firms. This ideal partnership with our team will help generate superior risk-adjusted returns to our investors over long term economic cycles and will ensure that CORECAP achieves a standard of excellence in every sector it leads’.
