Foursan Group, a leading Middle Eastern private equity firm, has concluded an investment in Baida Pack through its third fund, Foursan Capital Partners II.

 

Baida Pack is a leading designer and manufacturer of primary and secondary pharmaceutical packaging products such as printed aluminium foils, folding cartons and patient information leaflets, and serves certain of the leading local, regional and international pharmaceutical companies. Baida Pack also provides sustainable and security solutions such as braille language printing and anti-forgery printing.

 

Expanding footprint

Foursan will own 49% of Baida Pack’s shares and will hold two of the company’s five board seats.

 

Nashat T Masri, a Founding Partner at Foursan, commented: “We have known and worked with the owners and management team at Baida Pack for a long time and been impressed with their vision and achievements. We look forward to working closely with them to further enhance and grow the company’s local and regional footprint and product offering.”

 

Omar Sartawi, Chairman and CEO of Baida Pack, stated: "This comes as we look forward to expanding Baida Pack's geographic footprint and product offering and to continue providing our customers with an exceptional quality product and service."

 

With this investment, Foursan Capital Partners II’s portfolio includes five portfolio companies operating throughout the Mena region across diversified sectors including education, EdX, IT, manufacturing and pharmaceuticals.-- TradeArabia News Service