KKR's Head of MENA Kaveh Samie Leaves Buyout Firm After 9 Years

(Bloomberg) -- KKR & Co.’s head in the Middle East and North Africa, Kaveh Samie, recently left the New York-based buyout firm, according to people with knowledge of the matter.

Samie, who spent nine years at the company, departed to pursue other opportunities, the people said, asking not to be identified as the information is private. KKR is in the process of finding a replacement and is looking to strengthen the team in the region, one of the people said.

A spokesman for KKR confirmed Samie’s departure and declined to comment about a replacement.

The Middle East’s private equity industry is reeling from the collapse of Dubai-based Abraaj Group last year. Still, KKR is active in the region and agreed to invest $4 billion in Abu Dhabi’s oil pipelines alongside BlackRock Inc. earlier this year. Under Samie’s leadership, the buyout firm also worked on a number of deals involving regional sovereign wealth funds.

Before joining KKR, Samie was head of global equities for MENA at HSBC Holdings Plc and co-head of global equities for MENA at Citigroup Inc.

©2019 Bloomberg L.P.

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