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| Additional information |
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| Citadel Capital Algérie |
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Overview:
Citadel Capital is a private equity firm based in Cairo. Majority controlled by its senior management and employees, Citadel Capital makes control private equity investments in the Middle East and Africa and has more than US$ 8.3 billion in investments under control, spanning 19 Platform Companies in 15 industries across 14 countries. Citadel Capital is listed on the Egyptian Exchange (EGX) and trades under the stock symbol CCAP.CA.
Citadel Capital focuses on opportunities in the Middle East and Africa. In addition to its Cairo headquarters, the firm has an office in Algiers and is opening offices in Nairobi, Kenya. Citadel Capital is also opening an office in Dubai to be closer to its investors.
Since it began operations in 2004, the firm has raised and invested equity of more than US$ 4.3 billion, including over US$ 750 million of its own capital. In the same period, Citadel Capital has generated more than US$ 2.5 billion in cash proceeds from five successful exits (three full and two partial) on investments of US$ 650 million, more than any other private equity firm in the region.
To date, Citadel Capital has raised 19 Opportunity-Specific Funds (OSFs) that control platform investments in industries including energy, cement, specialty real estate, mining, finance, agribusiness, glass manufacturing, transportation, metallurgy and solid waste management. The firm has completed a total of 54 acquisitions and new company formations, and pursues control investments across the deal-type spectrum, including turnarounds, buyouts, consolidations / industry roll-ups and greenfields.
In addition to founder Ahmed Heikal and co-founder Hisham El-Khazindar, the firm’s leadership team includes managing directors Karim Sadek, Ahmed El Houssieny, Marwan Elaraby and Ahmed El Shamy. The firm employs 66 professionals, including a 38-strong team of investment professionals. The vast majority of senior staff are from the region and enjoy the benefits of having long relationships with key players in the MENA business community.
Citadel Capital’s shareholders and the limited partners in its OSFs include leading investors and family offices from Egypt, the Gulf Cooperation Council and Africa.
Citadel Capital generates revenue in two ways: Through dividends and capital gains on its principal investments as well as through fees earned as an asset manager. Asset management fees include a carried interest over a hard hurdle on capital gains it makes for limited partners in its OSFs as well as advisory fees on the equity it has under control. Advisory fees cover in part the cost of services the firm provides to Platform Companies, such as strategic input, debt financing expertise, project management and the recruitment of senior staff.
Citadel Capital shares have traded on the Egyptian Exchange under the symbol CCAP.CA since December 2009. |
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KEY Facts:
Key figures about Citadel Capital and its investments are below. For more detailed statistics about each Platform Company, please click on “Portfolio” in the navigation menu, then select the Platform Company in which you are interested.Total value of all investments under control: US$ 8.3 billion
Investments made since 2004 (acquisitions and new company formations): 54
Minimum equity Citadel Capital itself commits to each deal: 10%
Total equity Citadel Capital currently has in its own transactions: US$ 757 million
Number of Platform Companies as of 4Q2009: 19
Number of Portfolio Companies as of 2Q2009: 107
Number of people working directly for Citadel Capital: 78
Number of professionals employed by Citadel Capital: 66
Number of investment professionals employed by Citadel Capital: 38
Staff at Platform and Portfolio Companies as of 4Q2009: >30,000
Total equity raised and invested since 2004: US$ 4.3 billion
Cash returns to shareholders since 2004: US$ 2.5 billion
Total paid-in capital of Citadel Capital: EGP 3.308 billion
(US$ 606 mn)
Total number of countries in which Citadel Capital invests: 14
Number of industries in which Citadel Capital invests: 15 |
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