November 6, 2013

NBK Capital acquires a stake in Shakespeare and Co., a leading casual dining chain in the UAE

NBK Capital announced today that it has successfully acquired a 49.0% stake in Shakespeare and Co., a leading casual dining chain headquartered in the UAE. The investment was made through NBK Capital Equity Partners Fund II L.P., the firm’s second private equity fund focusing on growth investments in middle market companies across the MENA region.

Established in the thriving metropolis of Dubai in 2001 by the Saad Family, the Shakespeare and Co. concept features period inspired décor, a diverse menu comprising of international fare, classic French patisserie and handmade gourmet chocolates. Since opening their first branch on Dubai’s iconic Sheikh Zayed Road over 12 years ago, the company has since grown to 17 company owned and operated establishments in the UAE, and 1 in the United States, as well as franchise locations in Jordan, Lebanon, Qatar and Oman.

Speaking on the acquisition, Dr. Edward Saad, Chairman of Shakespeare and Co. stated: “This partnership with NBK Capital is a significant strategic step forward for Shakespeare as we accelerate our expansion regionally and internationally. We are very proud of our accomplishments and success over the years, and we look forward to the next chapter in our evolution.”

Amjad Ahmad, Senior Managing Director and Head of Alternative Investments at NBK Capital stated, “Our investment in Shakespeare and Co. is consistent with our strategy of investing in middle market companies operating in sectors with strong fundamentals. The company has built an excellent concept which we plan to grow and develop together over the coming years.”

Samer Khalidi, Executive Director at NBK Capital further added, “Shakespeare and Co. is a highly successful concept. Its recognized and respected brand, and positioning in the market are major strengths that the partners will leverage to further expand throughout the MENA region and beyond.”

NBK Capital Equity Partners Fund II L.P., a Cayman Islands based private equity fund placed through the firm’s subsidiary in the DIFC, is managed by NBK Capital as part of the Alternative Investments Group which focuses on growth investments in middle market companies in the MENA region. The group specializes in an active investment approach to create long-term sustainable value through financial, strategic, operating and corporate governance enhancements.

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