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This represents a return on capital of 160% and an Internal Rate of Return (IRR) of 98%.
Commenting on the sale, Aamir Khan, Managing Director of Global Private Equity at Unicorn, said:
"The increase in value we achieved with Orimix demonstrates the success of Unicorn's private equity business model. Our team worked closely with the management of Orimix to almost double it in size, by expanding capacity and improving profitability. The sale of this single investment has allowed us to distribute over 50% of the Fund's initial invested capital to Unit holders in less than two years."
The Unicorn Global Private Equity Fund I was established in 2006 and is regulated by the Central Bank of Bahrain.
To date, the fund has made investments in middle-market companies based in Bahrain, Jordan, the United Arab Emirates, Kuwait and the United States.
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Posted by Eman Hassan
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