Tikkaway Restaurants Acquired by Jadwa Investment

Jadwa Investment, a prominent private equity firm based in Riyadh, Saudi Arabia, has acquired a majority stake of 60% in Tikkaway Restaurants, a well-established local restaurant chain. The financial terms of the transaction have not been disclosed. This acquisition marks the second major move by Jadwa Investment in the restaurant sector, following its full acquisition of the UAE-based Blackspoon Group, which owns popular chains like Allo Beirut, in 2023.

The transaction was executed through Jadwa Investment's specialized fund, the Jadwa Food and Beverage Opportunities Fund, which focuses on strategic investments in the food and beverage industry. Known for managing client assets exceeding $20 billion across various investment classes, including public equity, private equity, real estate, private credit, fixed income, and money market investments, Jadwa Investment aims to leverage Tikkaway Restaurants' growth potential.

Elie El-Khoury, Head of Private Equity at Jadwa Investment, emphasized the attractiveness of Tikkaway Restaurants as an investment opportunity, citing its strong potential for value creation. He highlighted the firm's strategy to consolidate promising F&B concepts into a leading, high-growth platform that operates efficiently.

Source: Brinda Darasha / Zawya