Private Equity Funds & Co-owned Funds

TyreGate co-established and/or invested in multiple private equity funds, and holds seats on their respective boards and investment committees:

The Luxury Fund (“TLF”)

The fastest growing private equity fund that has an exclusive focus on the luxury sector. Today, TLF has a global investment presence, and manages and nurtures the biggest names in Fashion. With offices and investment team presence in Paris, Dubai and Beirut, TLF’s investment strategy is to achieve medium to long-term capital appreciation through private strategic investments in companies with global premiere brands in the luxury goods and services sector.

TLF’s investment strategy is based on the concept of partnership between management and investors, where it brings its expertise in the areas of strategy, financial restructuring, operations management and corporate governance to enhance the value of its portfolio companies. TLF was established in 2008 in the midst of the unfortunate global financial crisis, and was able to achieve strong traction since then.

Recently, TLF established a new subsidiary, TLF Ventures, a management firm which manages the Azure Fund, a venture capital fund that invests in the early and growth stages of information and communication technology (ICT) as well as design and fashion companies run by talented entrepreneurs. Azure Fund supports creative Lebanese entrepreneurs and provides them with proficient business support and exclusive access to a shared service center, the purpose of which is to allow these companies to thrive regionally and internationally.

The Luxury Fund and Azure Group have invested in over 12 luxury design and ICT companies, ranging from some of the World's leading luxury fashion brands, haute couture designers, caviar makers and artisans, to online fashion distribution and customisation portals, to media-related and technology companies.

Bora Capital Partners

A specialized Private Equity Fund in the Food and Beverage sector. Bora invests in: early stage startups in the food technology sector; established operational businesses with a proven track record; and in new consumable healthy brands focused on the European and US market.

Real Estate Distressed Investments SAL

A private equity holding company (co-founded by Wahid Chammas) that invests in distressed real estate in Cyprus and specializes in the purchase of non-performing bank loan portfolios from Cypriot and Greek banks, as well as project developments to unlock captive real estate value.

We have a 5-pronged approach to creating long-term value:

1• Buying trophy assets in the most premium locations in high-density urban centres, with highly prestigious addresses that should prove to be most resilient, and/or rebound the fastest in the ensuing recovery cycle.

2• Targeting to purchase assets at a sharp discount to mortgage value and appraisal; due to the 2012 – 2013 financial crisis, banks are freeing land at a hefty discount owing to huge (50%+) NPLs on their balance sheets. As a result, a land that was once appraised at €20M at peak (in 2007), carried €16M in loans and underwent a foreclosure, can be purchased for €7-8M as part of a foreclosure or restructuring, but only by the most serious buyers with known track-records.

3• Expanding the buildable area; accordingly the Partners have a strong track record in dramatically improving the allowable gross buildable area and would work closely with the local municipality within existing laws, and under an aggressive promise to build and employ local workers rapidly, to maximise incentives.

4• Aiming for a land merger that would further expand the buildable area; accordingly the Partners would structure an offer to buy adjoining lands to further bolster the land-bank accretively.

5• Employing the appropriate use of low cost leverage to create additional value and boost the return profile of the development project; in addition borrowing in Euros offers a natural hedge on any declining € to $ currency risk.