Citadel Capital is the number one private equity firm in Africa and among the top ten emerging market firms according to Private Equity International magazine's 2011 rankings
Citadel Capital (CCAP.CA on the Egyptian Stock Exchange), the leading private equity firm in the Middle East and Africa with investments of US$ 8.6 billion under control, has been ranked the number one private equity firm in Africa for the third year in a row in Private Equity International’s annual ranking of the world’s largest and most active PE firms.
At number 93 overall with US$ 3.6 billion in total fundraising over the preceding five-year period, Citadel Capital was also ranked at number eight in PEI’s ‘Emerging Market Top 10’ a new sub-ranking that Private Equity International has introduced as emerging market firms continue to make strong headway in the global fundraising scene.
The PEI 300, now in its fifth year, is the only global ‘apples-to-apples’ comparison of private equity direct investment programs.
“We are very proud to once again be included in the PEI 300. The rankings have become a highly regarded industry benchmark illustrating the underlying trends in a dynamic industry that has witnessed remarkable changes over the years,” said Citadel Capital Chairman and Founder, Ahmed Heikal.
“Citadel Capital’s debut on the ‘Emerging Market Top 10’ this year is also a great honor. The list indicates that today emerging markets private equity firms are gaining a larger share of global fundraising than ever before and we are proud to be ranked amongst such an impressive list of peers,” added Hisham El-Khazindar, Citadel Capital Managing Director and Co-Founder.
The PEI 300 is an annual compilation that relies entirely on merits — Private Equity International magazine bases its results on mathematical certainties: Total PE funds GPs have raised in a rolling five-year period are the only criteria considered. Citadel Capital’s sustained leadership over the African private equity market is a testament to the firm’s ability to attract new investments in the tough fundraising environment that has prevailed in 2009 and 2010.
Citadel Capital has raised and invested more than US$ 4.7 billion in equity for investment in the MENA region since it was founded in 2004. The firm has generated US$ 2.5 billion in cash returns to shareholders and co-investors on investments of US$ 650 million, more than any other private equity firm in the MENA region. Majority owned and controlled by its employees, Citadel Capital has more than US$ 757 million of its own capital invested across its funds and Platform Companies.
The strong showing in this year’s PEI 300 builds on a performance in 2010 that saw Citadel Capital win 10 awards including emeaFinance magazine’s ‘Best Project Finance Transaction’ award for Egyptian Refining Company and ACQ Global’s award for ‘Best Buy and Build Private Equity House in Africa.’
In 2010 Citadel Capital announced the US$ 140 million first close of the MENA and Africa Joint Investment Funds. First close participants in the Funds include leading global institutional investors such as the International Finance Corporation (IFC), the African Development Bank (AfDB), the Netherlands Development Finance Company (FMO), Société de Promotion et de Participation Pour la Coopération Economique (Proparco), Deutsche Investitions–und Entwicklungsgesellschaft mbH (DEG), and the European Investment Bank (EIB). Citadel Capital’s fee-earning assets under management (AUM’s) at the end of 2010 totaled US$ 2.1 billion, a rise of 9.7% year-on-year.
Citadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading private equity firm in the Middle East and Africa. Citadel Capital focuses on building regional platforms in select industries through acquisitions, turnarounds, and greenfields executed via Opportunity-Specific Funds. The firm’s 21 OSFs now control 19 Platform Companies with investments worth more than US$ 8.6 billion in 14 countries spanning 15 industries, including mining, cement, transportation, food and energy. Since 2004, Citadel Capital has generated more than US$ 2.5 billion in cash returns to its co-investors and shareholders (on investments of US$ 650 million), more than any other private equity firm in the region. Citadel Capital is the largest private equity firm in Africa by PE assets under management (2005-2010, as ranked by Private Equity International). For more information, please visit www.citadelcapital.com.
For more information, please contact:
Ms. Ghada Hammouda
Head of Corporate Communications
Citadel Capital (S.A.E.)
g...@qalaaholdings.com (click to reveal this email)
Tel: +20 2 2791-4439 • Fax: +20 22 791-4448
Mobile: +20 16 662-0002