DGC Hospitality & Partners, the food and beverage investment arm of the recently formed private equity company Dividend Gate Capital (DGC), will be investing $4 million in Bahrain’s F&B sector to help expand local SMEs, the company said.
Under the new initiative, DGC Hospitality will partner with local F&B brands to help nurture and grow the businesses. Made in Bahrain brands that will be a part of the DGC Hospitality partnership will include T&C Vending Partnership, Tikka and Kebab Amin and Fareej Bin Aqool, the compay said in a statement.
Uday Mukundan, DGC Hospitality vice president, said: “Our vision is to grow and nurture Bahrain and GCC companies by marrying our intellectual and financial capital with their business and product strengths. The companies that we are initially partnering with are iconic for Bahrain as well as the region. Tikka & Kebab Ameen is a Bahraini kebab legend that has been trading from its original outlet since 1948. It is our aim to work with the founders as partners to expand from two branches to seven branches across Bahrain and the GCC by 2021.”
DGC Hospitality is looking to grow the partnered businesses through increased exposure of the companies. “New branches, enhanced efficiency of operating processes, improved marketing and promotion campaigns are part of the DGC formula for increased growth,” added Mukundan.
“T&C Vending Partnerships provides a one-stop tea and coffee vending machine. Currently operating in Bahrain, Saudi Arabia, and Kuwait markets with more than 700 vending machines. Our aim is to grow the sales of T&C Vending Partnerships by increasing to 1,500 vending machines by 2019,” said DGC CEO, Khaled Al Hammadi.
“Our plans for Fareej Bin Aqool is to expand the restaurant, which has built a reputation for serving traditional dishes at affordable prices, from eight to 12 branches by 2020,” Mukundan said.
DGC co-founder and CEO, Khaled Al Hammadi, added: “This is a very exciting challenge that our hospitality division has undertaken. Our capital will be deployed in a number of companies in the sector over the coming months. The vision of DGC is now being implemented as we start to put our resources and capabilities into action by investing into Bahraini SME’s with a view to creating wealth and growth that positively impacts the economy of Bahrain.”