HSBC acquires significant equity stake in AME Info

AME Info is the leading online regional business resource and business news provider in the Middle East providing a comprehensive online source of information on business and finance in the region.

David Price, Director of HSBC Private Equity Middle East stated, "We are very pleased to be investing in AME Info. It is one of the most recognised business brands in the region and it has a proven track record across the Middle East. Our investment is intended to provide a strong institutional platform for the company's further growth in the region. Investing in AME Info is very much in line with our policy of backing profitable and well managed businesses." He added that although the private equity market in the region remains modest, HSBC is seeing an increasing flow of interesting investment opportunities such as this one.

Klaus Lovgreen, CEO, AME Info commented, "The involvement of HSBC increases our range of opportunities as we now have the support and involvement of one of the world's leading financial institutions as a major shareholder who has extensive experience in the region and is committed to helping us develop further".

AME Info is the 4th investment made by HSBC Private Equity Middle East in the past 9 months.

HSBC Private Equity Middle East Limited is the private equity arm of the HSBC group in the region and is the general partner and investment manager of a US$118 million fund dedicated to private equity opportunities in the GCC. The fund is the largest private equity fund in the GCC and remains the only private equity fund for the region backed by a major international group.