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VCBank concluded the final exit from its investment in Byrne Investment Limited (BIL) during FY 2018, with full realisation of full exit proceeds and delayed payments, providing investors with a return of 35 per cent. BIL is one of the largest and most diversified equipment rental and modular space providers in the GCC. It operates through its well-established brands – Byrne Equipment Rental and Spacemaker – across the UAE, Saudi Arabia and Oman. The Company’s ancillary services include logistics, transportation, cranage and sewage removal.
Venture Capital Bank (VCBank) announced today the successful conclusion of its exit from Byrne Equipment Rental (BER) for a total transaction value of SAR 217 million (c. USD 58mn). This exit has generated a 45 per cent return on investment for inves ...
Read MoreVenture Capital Bank (VCBank) and HANCO acquired Byrne Investment Limited (BIL) and its subsidiary companies - Byrne Equipment Rental and Spacemaker. Byrne is one of the largest and most diversified equipment rental and modular space providers in the GCC as ...
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