Haya Rashed Al Khalifa advises NBK Capital in the successful sale of its stake in Hanco, Saudia Arabia, valued at US$140,000,000
Haya Rashed Al Khalifa advises NBK Capital in the successful sale of its stake in Hanco, Saudia Arabia, valued at US$140,000,000
Haya Rashed Al Khalifa advised NBK Capital in the successful sale of its stake in Hanco, a fleet leasing and rental company in Saudi Arabia, in a deal valuing the Company at $140m. Established in 1976, Hanco is one of the largest fleet leasing and rental companies in Saudi Arabia. Since NBK Capital’s initial investment back in 2008, Hanco witnessed record growth more than doubling its fleet size and revenue to become the second largest fleet leasing and rental company in Saudi Arabia.
This sale generated a significant return in excess of twice the initial investment for NBK Capital Equity Partners Fund I, the Firm\'s private equity fund focused on providing growth capital to companies in the MENA region.
Partner Ronald Langat assisted by Legal Counsel Mashael Mattar advised on this transaction.