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Dubai Private Equity Network launched by DIFC

The Dubai International Financial Centre has officially launched the Dubai Private Equity Network, DuPEN for short, a networking platform for private equity and venture capital professiona

The Dubai International Financial Centre has officially launched the Dubai Private Equity Network, DuPEN for short, a networking platform for private equity and venture capital professionals.

In association with the London Business School, DuPEN seeks to update and educate professionals on trends and developments in the private equity industry by providing educational workshops and networking opportunities.

The launch of the network was announced during a private equity programme conducted by the London Business School in Dubai, billed as the first of its kind in the Middle East and taught by Professor Eli Talmor and Professor Oliver Gottschalg. The organisers hope to repeat the programme later in the year.

‘As an increasingly prominent component of the region’s financial industry, private equity firms have experienced unprecedented growth and development in recent times,’ says DIFC governor Dr Omar Bin Sulaiman. ‘By establishing DuPEN, the DIFC is once again reaffirming its commitment to providing pioneering initiatives to support and promote a co-operative working environment.’

Madhukar Soni of Ernst & Young Corporate Finance adds: ‘The aim of DuPEN is to build awareness about the private equity industry in Dubai and to strengthen ties between professionals working in the industry. By harnessing the power of networking and the community, it will add considerable value to the development of the private equity industry in the region.’

According to the scheme’s initiators, private equity activity in the region is evolving to a more mature stage, witnessed by the increasing size of deals and by greater value creation and opportunities for exits.

Improving investment conditions, the availability of liquidity as a result of rising oil prices, family businesses looking at new ways of raising capital, and mounting international interest in the Gulf have all helped to increase the attractiveness of private equity as a viable regional assets class.

‘DuPEN will provide a platform for the growing number of professionals involved in the entire private equity value chain, including financial and legal advisors, investment bankers and associated professionals,’ says Christian Sardy of HSBC Private Equity Middle East.

The network will organise education workshops conducted by experienced professionals involved in the private equity industry on topics covering the whole of the private equity value chain.

The initiators hope these networking events will assist professionals within the private equity and venture capital industries to develop their investing skills, share experiences, benchmark best practices and build networks of fellow investors.

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