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Original Headline

Private Equity Players Should Protect Existing Ventures

Publication

Gulf News

Publication Date

11 March 2009

Citadel Capital Managing Director and Co-Founder Hisham El-Khazindar discusses how private equity players are “focusing on protecting existing investments this year, rather than on drawing on capital to fund new investments.” Hisham is quoted as saying the firm “has invested over $1 billion in improving existing companies in its investment portfolio, including add-ons or expansions.” He adds that “Citadel’s strategy in 2009 will be to make smaller, more phased investments, which would require a minimal initial outlay but with the potential to be developed over phases.”