Qalaa Holdings SAE

Citadel Capital is the leading private equity firm in the Middle East and Africa. Citadel Capital focuses on building regional platforms in select industries through acquisitions, turnarounds, and green fields executed via Opportunity-Specific Funds. The firm.s 19 OSFs now control Platform Companies with investments of US$ 9.0 billion in 15 countries spanning 15 industries, including mining, cement, transportation, food and energy. Since 2004, Citadel Capital has generated more than US$ 2.2 billion in cash returns to its co-investors and shareholders (on investments of US$ 650 million), more than any other private equity firm in the region. Citadel Capital is the largest private equity firm in Africa by PE assets under management (2005-2011, as ranked by Private Equity International).
Financial Performance:
Despite a challenging regional environment in 3Q11, Citadel Capital raised new equity and debt of US$ 265 million for its platform and portfolio companies. The firm added US$ 175.6 million in long-term capital in October.s rights issue and has finalized a US$ 150 mn in OPIC-backed financing facility. Citadel Capital.s standalone loss narrowed 17.3% quarter-on-quarter in 3Q11 to US$3.5 million (EGP 20.7 million). Notably, OPEX spending in 9M11 declined 11.7% year-on-year in absolute terms, while the cash component of OPEX spending declined 31.0% in the same period.