Foursan Group, a leading Middle Eastern private equity firm, announced today the successful exit by Foursan Capital Partners (“FCP”) of its stake in Atico-Fakhreldin Group (“Atico”), a leading company in the hospitality and restaurants sector in Jordan that operates one boutique hotel and 15 leading restaurants, cafes and pubs that offer a variety of regional and international cuisines which target a broad customer base.
FCP exited to the Jordan-based and bank-led SME Investment Fund, through its commercial banks vehicle. Commenting on the transaction, Nashat Masri, a Partner with Foursan Group, stated: “We are pleased with this transaction and the returns we generated for our investors. Atico has been able to continue to consolidate its leading position and grow due to its strong brand, expert management and diversified and leading offerings despite challenging local and regional conditions for the sector.”