Gulf Capital buys Multibrands, has $250 mln to spend in 2016

May 3, 2016 1:08 PM

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DUBAI May 3 Private equity firm Gulf Capital has bought Saudi Arabian food and drinks distributor Multibrands and plans to spend around $250 million this year across mainly defensive sectors, its CEO said on Tuesday.

"We have a record deal flow and expect two or three more deals in 2016 and are looking at defensive sectors such as healthcare and business services, as well as energy," Karim El Solh said.

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