{"id":102840,"date":"2025-04-22T00:00:00","date_gmt":"2025-04-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/gulf-capital-continues-exit-spree-offloads-kuiper-stake\/"},"modified":"2025-04-22T00:00:00","modified_gmt":"2025-04-22T00:00:00","slug":"gulf-capital-continues-exit-spree-offloads-kuiper-stake","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/04\/22\/gulf-capital-continues-exit-spree-offloads-kuiper-stake\/","title":{"rendered":"Gulf Capital continues exit spree, offloads Kuiper stake"},"content":{"rendered":"

Gulf <\/strong>Capital offloads Kuiper Group to India\u2019s Asian Energy Services:<\/strong> UAE-based private equity firm Gulf Capital<\/a> has transferred its entire ownership stake in energy services provider Kuiper Group to Asian Energy Services, an energy and mining services provider listed on India\u2019s Bombay Stock Exchange and National Stock Exchange, according to a press release (pdf)<\/a>. Asian Energy Services has now fully acquired Kuiper Group, having bought stakes from the founders of Kuiper and OCB Oilfield Services as well.<\/p>\n

The details:<\/strong> The transaction, financed through a combination of internal reserves and external borrowing, is expected to conclude within the next two months, the press release said. Asian Energy Services said in a separate disclosure (pdf)<\/a> that the transaction came through an all-cash consideration transaction worth USD 9.3 mn, and will see the firm take over its global management team and working capital.<\/p>\n

Way back when: <\/strong>In 2013, Gulf Capital acquired a majority stake<\/a> in Dubai-based OCB Oilfield Services, an oil and gas offshore crew provider, and later expanded into Asia through the acquisition of Kuiper International.<\/p>\n

Kuiper\u2019s Australian division was offloaded first<\/strong>, after Gulf Capital went ahead with a carve-out transaction<\/a> last year that shifted ownership to Kuiper\u2019s local Australian management team in a management buyout sale.<\/p>\n

This marks Gulf Capital's fourth recent exit<\/strong>, the first being its sale of AmCan<\/a> in January of last year and the second being its exit last year<\/a> from EGX-listed bottle maker Middle East Glass to Mena Glass Holdings, the company\u2019s majority shareholder.<\/p>\n

Three more exits to come?<\/strong> \u201c2025 is proving to be a productive year for Gulf Capital in terms of exits. In addition to today\u2019s exit from Kuiper Group, we are in the process of working on three other large exits which we hope to be announcing over the next two quarters,\u201d Gulf Capital CEO Karim El Solh told EnterpriseAM UAE.<\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction is expected to conclude within the next two months<\/p>\n","protected":false},"author":1,"featured_media":102841,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[143,7,100,1344,60,266,341],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-energy","tag-enterpriseam-uae","tag-gulf-capital","tag-ma","tag-ma-watch","tag-oil-and-gas","tag-private-equity","wpautop","entry"],"acf":{"mongo_id":"1e8f02fc-6847-4600-86da-60487d214dd9","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/1354.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Gulf Capital continues exit spree, offloads Kuiper stake","related_issue":[102833],"teaser":"The transaction is expected to conclude within the next two months","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.831daaaf-5197-42bd-a8e7-1b02d84497bb.mp3"},"yoast_head":"\nGulf Capital continues exit spree, offloads Kuiper stake - 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