UAE Business: Aliph Capital’s maiden fund completes its first investment – Gulf Digital News

UAE Business: Aliph Capital’s maiden fund completes its first investment – Gulf Digital News

Aliph Capital, a GCC centric private equity firm, says its maiden fund, Aliph Fund I (LP), has closed its first transaction; a 100% buyout of the UAE’s largest omnichannel pet business, The Pet Shop (TPS). TPS comprises The PetShop, DubaiPetFood.com and Petsville.

The business operates retail stores, the leading regional pet products ecommerce site and pet services including boarding, daycare, training, relocation and grooming.

In addition to the buyout, Aliph Capital is injecting significant growth capital into TPS to expand its presence across the UAE and the region and consolidate its leading position in the pet space, with TPS expected to enter other fragmented GCC markets including KSA and Qatar.

Business development

As part of the takeover, Amr Hazem – the founder of Petsville – will assume the position of Chief Executive Officer of TPS, to lead business development and expansion.

The transaction is in line with Aliph Capital’s strategy of investing in high quality midsized GCC companies and accelerating their operational and digital transformation expansion plans.

Farah Al Mazrui, Head of Investments at Aliph Capital, said: “This is a perfect example of our strategy of taking active positions in midmarket growth stars. The Pet Shop is a proven leader in a market ripe for consolidation,