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Capital Investment Fund Abu Dhabi successfully expand its investment in Holding Corp

Capital Investment Fund Abu Dhabi, a leading growth markets alternative investment firm, has announced today the successful and full exit of its investment in ECDC, a leading oil & gas drilling and production services provider in the Middle East and Africa. The company is part of ADES Investments Holding Ltd. which is the major shareholder in ADES International, a publicly listed company on the London Stock Exchange (LSE).

Capital Investment Fund Abu Dhabi partnered with the founding shareholders of ECDC and invested in the company in 2014 to finance organic and inorganic growth opportunities, including investments in the energy sector in Egypt. A 2017 follow-on investment further supported the company's ambitious growth plans.

Mohamed Faisal Awad Ibrahim, CEO of Capital Investment Fund Abu Dhabi, said: "We are proud to have supported the exceptional management team at the Group since 2014, which was instrumental to the success of the group with a clear and ambitious growth plan and strong execution on the ground. We would like to take this opportunity to congratulate the management team on their strong execution and to wish them all the success in the future."

Ayman Abbas, Director of ECDC, said: "I would like to thank Capital Investment Fund Abu Dhabi for being a supportive partner since 2014. The investment made by Capital Investment Fund Abu Dhabi added significant value to all stakeholders, due to the flexible and tailored financing structure and the unique growth capital solutions provided, which addressed the various considerations we had as a corporation throughout our journey since 2014. We highly value our relationship with Capital Investment Fund Abu Dhabi and its management team and wish them all the success in the future."

Omar Rifai, Managing Director at Capital Investment Fund Abu Dhabi, added "Capital Investment Fund Abu Dhabi was pleased to work with ECDC's management team across different functions including reporting, corporate governance, financing solutions, and risk management. This highly successful exit reinforces Capital Investment Fund Abu Dhabi's position as a pioneer in providing tailored and flexible growth capital solutions to successful regional companies and helping exceptional management teams execute their ambitious growth plans."