Dubai: Dubai-based Zabeel Investments has co-invested in Sony Corporation along with Global Strategic Equities Fund (GSEF).
The general partner of GSEF, NewDawn GSE Asset Management, is a wholly-owned subsidiary of Dubai International Capital Asset Management (DICAM).
This is the second time Zabeel Investments has partnered with GSEF to invest internationally, the first being a stake in European Aeronautic Defence and Space Company.
Zabeel Investments announced in March this year that it was investing in GSEF, with the intention of using the fund to invest in Fortune 500 companies.
Mohammad Ali Al Hashimi, executive chairman, Zabeel Investments, said: "Sony Corporation's brand equity is among the strongest in the world. The company's innovation and diversification of offering fits well within our portfolio, while this co-investment opportunity with GSEF is evidence of a strong future partnership."
"We will continue to seek opportunities where we can partner on investments and equity acquisitions, particularly in companies with proven track records."
