Investcorp to sell remaining 15.65% stake in Gulf Cryo Holding

Investcorp, a leading global provider and manager of alternative investments, announced that its Gulf Opportunity Fund 1 completed the sale of its remaining 15.65% equity shareholding in Gulf Cryo Holding Company K.S.C.C., to other shareholders of the Company. Financial conditions were not disclosed. Established in 1953 in Kuwait, Gulf Cryo is a leading manufacturer, distributor and service provider of industrial gases in the MENA and Turkey region. The Company manufactures industrial, medical and specialty gases which are delivered by pipeline, in bulk or in cylinders to a wide range of industries and applications. Tristan de Boysson, Co-Head of Corporate Investment for MENA at Investcorp, said: “The sale of Gulf Cryo marks an important addition to Investcorp’s successful exits in the region. We are very proud to have worked alongside our equity partners, namely the Al Huneidi family as the founder and majority shareholder. Together, we have delivered notable achievements, institutionalizing Gulf Cryo and supporting its regional expansion plan, both organically and through a series of acquisitions. These achievements are testament to the success of Investcorp’s business model and our extensive experience supporting the growth of local and regional businesses, while creating value to our investors.”