EQT launches Middle East platform, opens Abu Dhabi office
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EQT has launched a Middle East platform and opened an office in Abu Dhabi, establishing an on-the-ground presence in the Gulf Cooperation Council (GCC) region. The new office, located in Abu Dhabi Global Market (ADGM), will serve as the first base for a broader regional platform that EQT plans to develop over time, according to an announcement. The firm, which manages $389 billion in assets, said it sees investment opportunities across healthcare and life sciences, education, digital and technology, industrials, business services, infrastructure and energy transition. EQT already has exposure to the GCC through portfolio companies including Nord Anglia Education, Virtusa, Banking Circle, Nothing and SAUR. The local platform will allow it to work more closely with existing portfolio companies and support others seeking to expand into the region. The Middle East platform will be led by Jimmy Mahtani, who has been appointed chairman of GCC alongside his existing role as chairman of India and Southeast Asia for EQT Private Capital. Smiyet Belrhiti has been appointed head of Middle East and senior executive officer, leading the Abu Dhabi office. Belrhiti has more than two decades of experience in private equity, corporate development and investment across the GCC and the broader Middle East and North Africa region. "We see significant opportunities to support the growth of our...
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