Investment Themes

Real Estate

Swicorp developed a unique set of competencies in advising real estate promoters, municipalities and government agencies for large-scale real estate development projects as well as advising investors on select international real estate deals. Assignments covered financial engineering, assistance to fund raising or the coordination of complete project teams (financial advisors, master planners, engineering firms, cost consultants, etc). For the past 20 years, Swicorp was closely associated with the launch and development of new economic cities, and large-scale urban regeneration projects, especially in and around Makkah and Madinah. To date, Swicorp also acted as fund manager in connection with three private real estate development funds for the development and marketing of villas in the Eastern Province of Saudi Arabia and launched its first REIT in 2018 (Swicorp Wabel REIT). Swicorp continuously screens opportunities in the real estate sector for potential acquisitions or the structuring of new funds.

Education

Building on the experience developed following past investments in the education sector in Jordan (Luminus Education) and Tunisia (International School of Carthage), Swicorp is launching a pilot project in partnership with Luminus Education to roll-out the latter’s programme in Tunisia, with other Middle-Eastern countries also under consideration. Investment and funding opportunities for third parties are expected to arise as a result of this expansion. Nurseries, schools, institutes and training centers are also of interest as potential acquisition or financial engineering opportunities for Swicorp’s Asset Management and Investment Banking activities.

Consumer and Retail

Throughout its existence, Swicorp acted in a financial advisory capacity to support many local, regional and international corporations in their corporate development activities, whether through private placements, rights issues, debt raising or M&A transactions. Swicorp pioneered many transactions in the Kingdom of Saudi Arabia, including the conversion of a family-owned luxury retail business into a publicly-listed joint-stock company, the merger of two publicly-listed companies active in the food and retail business, the Leveraged Buy-Out of a detergent business and its subsequent sale to an international player, amongst other cross-border transactions. Key past and existing clients in the consumer goods and retail sectors include names such as the Savola Group, Alhokair, Danone, Henkel, Fromageries Bel. In addition, Swicorp’s Wabel REIT owns and manages four retail malls in Saudi Arabia.

Renewable Energy and Infrastructure

Building on the successful launch of its first renewable energy project in Egypt in joint-venture with Acciona and other co-investors, Swicorp is developing a new platform to replicate such success on a grander scale. Swicorp and its partners will co-invest and work together with reputable technical partners for the development of new projects, investment in companies and teams developing private PPAs and the creation of a multi-layer structure to accommodate investors with different risk and reward criteria (development risk vs ready-to-build project risk). The primary focus of the initiative is the developing countries within the MENA region. The scope comprises renewable energy (wind and solar), water treatment and water desalination projects, with opportunistic investments in other forms of infrastructure projects, such as waste management, to be considered based on individual project merits.

New Economies

With a set of proprietary investments completed since 2017, Swicorp continuously screens for new investment opportunities in the realm of new economies. E-commerce, technology-enabled late-stage start-ups as well as biotech, fintech companies seeking growth capital are amongst the notable targets. Typically, Swicorp aims at deploying USD 10 to 50 million tickets with co-investors on a deal-by-deal basis.