Lumina Capital Event: Panel discussion on growth, opportunities and exits for the future of tech and cross-border investing

16 Feb

Key outtakes of discussion:

In line with ‘Lumina Cross-Border Insights 2022’ a number of key themes were identified:
- Family offices are increasingly playing the role of traditional PE in the region, focusing on investments enabling skills and technology transfer back into the region.
- Technology is emerging as a hit sector with many investors looking for the next ‘big thing’.
- JVs are being repositioned and current partnerships can be outdated. These partnerships are being revamped to be more in line with the evolving environment in Saudi Arabia.
Nomu is developing and becoming more mature, allowing it to become an increasingly popular exit option for numerous companies. This does not just apply to SMEs but also well-established businesses with years of operations like Jahez and Tibbiyah.
Increasing dry powder with VC funds in Saudi and in the region are resulting in increasing VC transaction sizes and resulting in more and more overlap between late VC and early PE transactions.

Lumina Private Company Index (“LPCI”) Q4 2021