Lesha Bank’s Private Equity (PE) platform offers our clients access to diversified investment opportunities. Our wide-ranging mandate enables us to invest across opportunities in various industries, geographies, size and stage. Lesha Bank’s deep-domain expertise in PE and access to fund managers and companies, position us to access investment opportunities around the world.
Lesha Bank’s has a track record in sourcing, executing and exiting investments across economic cycles. The PE platform has invested across sectors including technology, healthcare, hospitality and consumer goods.
Lesha Bank’s global, multi-disciplined approach and expansive networks allow us to source unique investment opportunities.
Our flexible mandate enables us to invest in category-leading and category-defining opportunities across sectors and geographies
We leverage our leadership team’s access, network and experience in the value-creation process across our portfolio.
We benefit from proprietary data generated through years of research and deal experience to support investment decision-making processes.
We adhere to strict and structured Shari’a due diligence processes to ensure all investment opportunities are in line with Shari’a principles.
This investment will mark QFB’s 11th investment in the United States. It presents a strong entry for the bank into the Tech space in Silicon Valley as part of its diversification investment strategy. Qatar First Bank LLC (Public) (“QFB”...
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In line with its strategy to further strengthen its liquidity provision, the Bank has successfully exited its equity investments in Al Rifai International Holding (ARIH) and Food Services Company (FSC) Qatar First Bank (QFB), the first independent...
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The Bank has successfully exited the regional private equity investment for USD $ 31.5 million. QFB plans to continue identifying new regional and global investment opportunities in line with its investment diversification strategy. Qatar First...
Read MoreAl Rifai International Holding (ARIH)
ARIH marked Lesha Bank’s debut investment venture in the food and beverage manufacturing industry when the Bank acquired 15% stake in the company in 2011. The Bank later raised its shares in the company to 31.% in 2012. Since the acquisition, ARIH has emerged as a household name for nuts and snacks not only in the GCC, but also globally on the back of its strategic alliances with global FMCG players, distribution channels and duty-free operating partners.
Acquisition: 2011
Exit: March 2021
CMRC limited
In 2015, the Bank acquired an adjusted stake of 13.5% in CMRC Limited, the leading medical rehabilitation center in the Gulf region. The company’s turnover has increased from USD $ 15 million in 2015, to more than USD $ 54 million in 2020. Lesha Bank exited CMRC in March 2021 with a net IRR (internal rate of return) of 19%.
Acquisition: January 2015
Exit: March 2021
Emirates National Factory for Plastic Industries (ENPI)
Lesha Bank acquired a 71.3% stake in ENPI and since then has played an instrumental role in streamlining the business, institutionalizing operations and expanding its manufacturing base to include Abu Dhabi and KSA hence cementing ENPI’s position as leading player in the plastic packaging solutions industry.
In October 2012 Lesha Bank signed a share purchase agreement with Saudi Printing & Packaging Co. (SPPC) to sell its 71.3% stake in ENPI Group.
Acquisition: July 2009
Exit: October 2012
English Home
Lesha Bank acquired 40% stake in English Home, the leading retailer of home textile products in Turkey.
The acquisition marks Lesha Bank’s first venture into the retail sector and the second in the Turkish market, which further demonstrates Lesha Bank’s commitment to portfolio and geographical diversification.
Acquisition: November 2012
Exit: September 2018
Food Service Company
Lesha Bank invested a 49% stake in FSC, the leading Qatari Food & Beverages Company that operates a 16-branch network of 5 brands including Opera Patisserie, Opera Café, Opera Catering, Take Away and Kanafaji.
Lesha Bank exited FSC in March 2019 which is in line with the Bank’s strategy to ensure an optimum value from its PE portfolio in Qatar.
Acquisition: January 2015
Exit: April 2021
Kuwait Energy Company
Acquisition of a US$16 million stake in Kuwait Energy Company, a leading Middle Eastern independent oil and gas exploration and production company headquartered in Kuwait. The stake was acquired from an existing shareholder and marks Lesha Bank’s second investment in the oil and gas sector.
Acquisition: June 2011
Exit: March 2019
Memorial Healthcare group
Lesha Bank along with ARGUS Capital, a London based private equity house, acquired a 40% minority stake in Memorial Health Group (MHG), one of the leading healthcare providers in Turkey.
MHG began operations in February 2000 and is among the top two ‘class A’ healthcare groups in Turkey, offering high quality service with well respected physicians and state-of-the-art equipment.
Acquisition: August 2010
Exit: September 2018
QCON
Qcon is among the pre-eminent EPC contractor based in Qatar. In 2009, Lesha Bank acquired a 41% stake in QCON as a part of a consortium that bought 100% of Qatar Shipping’s share in the company and exited its entire stake in Qcon, which has been sold to an undisclosed Qatari investor.
Acquisition: September 2009
Exit: March 2012
Lesha Bank Financed a Qatari Consortium of Investors in the Acquisition of a 10.8% Stake in Ennismore Group
Lesha Bank financed a Qatari consortium of investors with Shari’a-compliant financing participated in the acquisition of a 10.8% stake in Ennismore Group. Ennismore is one of the world’s largest and fastest growing lifestyle hospitality companies and is majority owned by international hospitality conglomerate group, Accor.
Lesha Bank Participates as a Private Investor in SoundHound
Lesha Bank completed an agreement to invest in SoundHound, a late-stage tech company specialized in voice AI, headquartered in California.
David Morris International Limited
Lesha Bank invested a 50% stake in David Morris International Limited (DMI) which is a designer, manufacturer, and retailer of custom-made, high-end jewelry and precious stones. Bringing over 60 years of experience in the business, DMI stands renowned for creating unique, custom-made pieces using the rarest and most valuable gemstones, and sought by jewelry fanatics worldwide. The exquisite jewels can today be found in 12 DMI boutiques worldwide with one located in 21 High Street Katara – Qatar.
Al Jazeera Finance
Lesha Bank owns a minority stake in Al Jazeera Finance (AJF) of 3.5%. AJF which was founded in 1989 is known to be a pioneer of Shari’a financing in the State of Qatar and is a leader in providing innovative financial solutions and services to its customers. Being committed to a customer-centric approach, AJF offers financial solutions which include but are not limited to real estate financing, personal financing, operating expenses financing, project financing and more.
Terra Kaffe
Lesha Bank acquired a minority stake of Tera Kaffe in Q3 2022. Renowned for its ability to offer at-home coffee makers a level of precision previously only available with industrial, barista-level machines, Terra Kaffe manufactures and sells high-end automatic coffee and espresso machines at a competitive price-point, primarily through a direct to consumer business model. The company also sells its products through top-tier retailers like Nordstrom, Saks, MoMA Design store, CB2 and more.
Starlink Qatar
In March 2023, Lesha Bank purchased 27.5% minority stake in Starlink, Qatar a leading provider of ICT, managed services and retailer of technology products as part of its private equity strategy to expand its footprint in Qatar. Starlink has an omnichannel presence spanning across 19 retail outlets in Qatar, an online platform as well as a variety of other supporting channels that provide outsourcemanaged services in multiple areas such as: IT, installations, maintenance and contact centers.
Barracuda Networks
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