Gulf Capital acquires majority stake in IP services provider CWB 

Photo by Josh Appel on Unsplash

Gulf Capital, an alternative asset manager in the Gulf Cooperation Council (GCC), has acquired a “significant majority” stake in CWB Group, an intellectual property services provider across the Middle East and North Africa (MENA) region for an undisclosed amount.

Founded in 2006, CWB provides patent and trademark services including, clearing, filing, prosecution, maintenance and enforcement services to Fortune 500 companies across the MENA region, Gulf Capital said in a statement on Monday.

Gulf Capital CEO Dr Karim El Solh said, “this latest investment in CWB cements our established strategy of acquiring majority stakes in market leading companies regionally and taking them global.”

CWB’s service offering also extends to anti-counterfeiting and commercialisation of intellectual property (IP). CWB works with its clients to conceive and execute strategic solutions to manage, protect and enforce their Intellectual Property (IP) through its seven offices and member firms in the MENA region, according to the statement.

El Solh noted that the MENA, Africa and CIS intellectual property services market is estimated at over $350 million annually and is expected to grow at about 6 per cent per annum over the next five years.  

“We intend to expand rapidly into new geographies while leveraging our new partner’s experience in building global platforms out of the GCC,” CWB Group founder and CEO Halim Shehadeh said.

El Solh added that Gulf Capital has been particularly active over the last two years, with the successful closure of 10 new and follow-on investments at the portfolio companies’ level.

“We are looking forward to a productive rest of the year as we maintain our investment pace and continue to work on a number of strategic new follow-on investments and exits in the near future.”

Gulf Capital invests across several asset classes including private equity, private debt and real estate and currently manages over $2.5 billion of assets across seven funds and investment vehicles.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.