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Gulf Capital sells stake in Reach Employment

During Gulf Capital’s ownership period, Reach increased its net profits by 110%

Gulf News

Abu Dhabi: Gulf Capital, an alternative asset managers in the Middle East, announced a full exit from its portfolio company, Reach Employment Services, generating a return of over two times its original investment.

The sale of Gulf Capital’s 80 per cent stake in a structured management buyout represents a complete divestment from the company.

Gulf Capital said that it worked closely with the Reach Employment Services management team to transform the business from a single city, single-sector focused company into a highly diversified operation with over 150 clients operating in a number of industries across the public and private sectors in the UAE.