Gulf Islamic Investments Concludes the Acquisition of More Café and expands its focus into the UK Real Estate
PRESS RELEASE | 13/09/2015MIF Inc. owns the More Café™ and Little More™ Brands, which they have franchised to leading food operators in the UAE, Oman and other territories. MIF Inc. was acquired by a syndicate of GCC investors, advised by Gulf Islamic Investments.
Mohammed Al-Hassan, co-founder and CEO GCC of Gulf Islamic Investments said: “This is a perfect time for an investment of this nature as private equity is one of the best alternatives during periods of market turmoil, especially the food sector as it offers strong investment immunity and will deliver attractive returns to investors of the region.” Mohammed Al-Hassan added that “More Café and Little More are one of the few homegrown, “Made-in- Dubai” casual restaurant brands which enjoy exceptional market recognition, having served nearly two million customers in Dubai, Abu Dhabi and Oman. We are now aggressively developing franchise partnerships in the GCC (Saudi Arabia) and beyond”. We are constituting a world-class board of directors and an advisory board, with leading business leaders in the food industry, to take the company through its regional expansion plans”.
Besides private equity, GII continues to expand its real estate business with a particular focus on the UK. According to Pankaj Gupta, co-founder and CEO UAE of Gulf Islamic Investments, “The UK real estate opportunity remains a preferred choice for seasoned investors looking for high risk adjusted returns and GII will soon announce a marquee real estate transaction in the UK.”
About MIF Inc.
MIF, Inc. is the owner of the award-winning More Café™ and Little More™ casual dining outlet brands, with 8 owned stores and franchised outlets in Dubai, Abu Dhabi and Oman. Among the longest established “made-in-Dubai” casual dining brands, More Café™ and Little More™ offer the most comprehensive all-day casual dining experience in the GCC, with no less than 130 menu items including Arabic, European, Indian, and South Asian dishes.
