By : JD
Jordan Daily – BlueFive Capital said on Monday its BlueFive Reef Private Equity Fund I has acquired 100% of Wusoom Holding, formerly known as Sinyar Enterprises – Sole Proprietorship L.L.C.
Wusoom, one of the UAE’s leading holding companies, has a diversified portfolio across real estate, technology, hospitality, aviation and industrial sectors. Financial terms of the transaction were not disclosed.
The deal is part of BlueFive’s strategy to strengthen its footprint in the Gulf Cooperation Council (GCC) region and aligns with its fund’s focus on later-stage investments that benefit from the region’s economic diversification.
“The acquisition of Wusoom Holding is a transformative step for BlueFive Capital and our investors,” said Hazem Ben-Gacem, founder and CEO of BlueFive Capital. “Wusoom’s businesses represent the backbone of the GCC’s key sectors, each with strong fundamentals and scalable potential.”
BlueFive said it will focus on integrating and scaling Wusoom’s operations by driving efficiencies, adopting new technologies and developing talent across the group. The firm also signaled plans for further acquisitions in the GCC.
BlueFive Capital is a global investment firm headquartered in Abu Dhabi Global Market, with offices in London, Manama, Abu Dhabi, Dubai and Beijing. It targets high-growth sectors in emerging markets, aiming to drive long-term sustainable growth.
