ABU DHABI: Abu Dhabi-based private equity firm Gulf Capital may complete between four and six acquisitions this year, its chief executive said on Sunday, as consumer-driven sectors in the Gulf’s economy are expected to grow despite lower oil prices.
“We’re looking aggressively on anything consumer-related,” Karim El Solh told reporters on the sidelines of a business conference in Abu Dhabi. “I think we expect to do, between private equity and credit, around four to six transactions this year.”
The private equity house is considering investments in health care, retail, food and education, Solh said.
“These sectors are growing very nicely and aren’t affected by lower oil prices.” Solh also said there were potential deals at lower valuations in the energy sector, while infrastructure and logistics were interesting sectors.
