Published On: Sun, Oct 27th, 2013



Global private equity group teams with local partner to launch first of its kind investment vehicle in Pakistan

The GEM Group and KASB Corporation have teamed together to launch a US$ 200 million private equity fund focused on Pakistan. GEM has also agreed to subscribe to the current common equity offering of KASB  Corporation as a symbol to solidify the relationship and participate in the long term growth opportunities in Pakistan.

The partnership will use the existing network of 105 branches of KASB Bank in 43 cities to source potential transactions, using the local expertise of KASB, while providing the global  structuring, execution and monitoring capabilities of GEM.

“Private equity is the growth engine required to take small and medium size enterprises to the next level, and the Pakistani market represents an excellent opportunity. We are delighted to partner with a global champion like GEM on this initiative, as we reach another milestone under the KASB product umbrella,” explains Muzaffar Bukhari, Managing Director of KASB Corporation.

The GEM Group

The Global Emerging Markets Group (“GEM”), founded in 1991, is a $3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world. GEM has invested in 365 companies across 65 countries. Their investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum.

KASB Corporation

KASB Corporation (“KASB”), founded in 1958, is a diversified financial services group out of Pakistan, specializing primarily in commercial banking, investment banking, brokerage, asset management and Islamic finance. The main companies include KASB Bank, KASB Securities, KASB Funds and KASB Modaraba.

About the Author