Standard Chartered has made a $75 million mezzanine investment in Hassan Mohammed Jawad & Sons (JBG), Gulf Daily News reports. The investment was made through the U.K. lender’s private equity unit, Standard Chartered Private Equity. Bahrain-based JBG is a mid-market retailer with franchises, including Costa Coffee, Burger King and Chili’s. JBG seeks to use the investment to boost development and expansion, buyouts and acquisitions and balance sheet restructuring.
Click here for the story from Gulf Daily News.
Click here for additional coverage from Arabian Business.