Gulf Capital-owned fund looking to compete for 100% stake in Egypt’s Arab Dairy

M&A WATCH- GC Equity Partners III fund looking to compete for 100% stake in Arab Dairy: UAE-based Gulf Capital’s GC Equity Partners III fund has asked to conduct due diligence ahead of a potential bid for 100% of Arab Dairy, sources familiar with the matter told Hapi Journal. The fund will be up against Netherlands-based FrieslandCampina, which was given the green light earlier this month to do due diligence to submit a competing bid to acquire the Egyptian cheese maker. Arab Dairy is 70% owned by Pioneers Holding.