Ithmar looks for healthcare assets
Dubai-based private equity firm Ithmar Capital is pursuing investments in the education and healthcare sectors.The deals will be financed through the company's second $250 million fund, which supplies growth capital to businesses and acquires majority stakes.Faisal bin Juma Belhoul, Ithmar Capital's managing partner, expects the transactions to be completed by the end of the year. The fund will invest about $50 million in a school venture and about $150 million in a healthcare service provider.'These are high-growth markets and there are no dominant GCC players that can do pan-GCC business,' says Belhoul.The fund was launched in 2006 and typically makes investments of $50 million-100 million, with a duration of three-four years.
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