Data & Intelligence

Impact Case Study: Jazeera Steel

Global Capital Management invested US$53.8 million for a majority (51%) stake in the company.

  • Company Headquarters: Oman
  • Business focus: Steel tube and structural products
  • Revenue: US$237 million in 2011

impact highlights

  • Global guided Jazeera Steel through a sharp contraction in the world steel market, reduced its borrowing costs by more than 200 basis points, and modernized resource management systems to decrease inventory stocks

  • With Global’s support, Jazeera Steel salvaged a crucial factory expansion that had been behind schedule and over budget, nearly doubling the company’s profits within four years of its acquisition

  • By introducing health and safety benchmarks tied to managers’ key performance indicators, Global strengthened Jazeera Steel’s accountability for workers’ wellbeing

  • Global pursued dialogue with Jazeera Steel’s labor union early on, creating an atmosphere of trust that later minimized factory shutdowns during civil unrest in 2011


As a Founding Member Firm of EMPEA , I am proud of what the organization achieved. I look forward to playing an active role on the Board of Directors as we enter our next phase.

Drew Guff | Managing Director and Founding Partner, Siguler Guff & Company

I’m honored to join fellow industry pioneers in the leadership of an unparalleled network, filled with first movers, shaping the future of industries and communities.

Dr. Andrew Kuper | Founder and CEO, LeapFrog Investments

EMPEA's market and industry intelligence opens doors to new sources of capital.  I look forward to the future success of EMPEA and its members

Torbjorn Caesar | Senior Partner, Actis

While there are certainly challenges for the industry, the opportunities abound in our target markets and globally, making a global association like EMPEA more relevant than ever.

Drew Guff | Managing Director & Founding Partner, Siguler Guff & Company

The developed markets have no equivalent to the role EMPEA is playing as a convener and source of trusted information in the emerging markets.

David Rubenstein | Co-Founder and Managing Director, The Carlyle Group