UAE’s Gulf Capital buys majority stake in IP services provider CWB Group

UAE’s Gulf Capital buys majority stake in IP services provider CWB Group

UAE-based alternate asset manager Gulf Capital has acquired a significant majority stake in the CWB Group, a leading intellectual property (IP) services provider across the Middle East and North Africa (MENA).Gulf Capital's acquisition is seen in line with the company's strategy of securing majority stakes in market leading companies regionally and taking them global.Dr Karim El Solh, Chief Executive Officer of Gulf Capital, said: “The MENA, Africa and CIS intellectual property services market is estimated at over $350 million annually and is expected to grow at 6 percent per annum over the next 5 years. CWB is very well positioned to continue its strong growth momentum and to expand across emerging markets.”Gulf Capital, which primarily focuses on late-stage control buy-outs, growth capital, private debt and real estate projects in the