UNITRA

AcronymDefinition
UNITRAUniversity of Transkei (South Africa)
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Working with UNITRA, NTCA developed a CD-ROM multimedia educational module designed to educate the community on the fundamentals of HIV/AIDS prevention and treatment, with an emphasis on dispelling common myths, providing caregivers key information, and minimizing social stigma associated with the disease that inhibits broad-based approaches to the problem.
Unitra's 2008 revenues are expected to be in excess of Dh600 million, Adic said in a statement.
"The acquisition of the Unitra METS Group clearly highlights Adic Private Equity's strategy of buying majority stakes from family and other business owners, using a sensible amount of non-recourse, cash flow based financial leverage," the company said.
Najeeb Al Zarouni, chairman of Unitra METS Group said he looks forward to expanding the company's business regionally with the support of Adic.
ADIC Mena Partners said it has acquired a majority stake in Al Zarooni Family's Unitra METS Group, a Dubai-based specialty beverage distributor, in a leveraged buy-out transaction.
The Unitra METS Group acquisition highlights ADIC Private Equity's strategy of buying majority stakes from family and other business owners, using a sensible amount of non-recourse, cash flow based financial leverage, said a company official.
Najib Al Zarooni, chairman of Unitra METS Group said, "We are very proud of our success in building Unitra METS into one of the UAE's leading specialty beverage distributors and look forward to expanding the business regionally with the support of our new partners at the ADIC Private Equity Fund."
Commenting on the acquisition, Robert Wages, executive director of ADIC Private Equity, said, "ADIC is very pleased to be investing in Unitra METS Group.
Professor Dan Ncayiyana of Benguela Health, an innovative pioneer of 'problem-based learning' within communities in the Eastern Cape during his tenure at Walter Sisulu University (then Unitra), led the South African delegation to Monash and Flinders University in Australia.
Summary: ADIC MENA Partners, LP, a private equity fund managed by Abu Dhabi Investment Company (ADIC), announced the acquisition in a leveraged buy-out transaction of a majority stake in Al Zarooni Family's Unitra METS Group, a specialty beverage distributor, headquartered in Dubai -- UAE, with 2008 revenues expected to be in excess of AED 600 million.
Alwaleed Abdelrahman, the Senior Vice President of ADIC Private Equity who led the transaction from the ADIC side added, "Due to its excellent management, operations and infrastructure, the Unitra METS Group is very well-positioned to capitalize on the strong growth in the beverage market in the UAE and beyond."
He was asked to inspect programmes at MEDUNSA, UNITRA and the University of KwaZulu-Natal for the Health Professions Council of South Africa.