Washington D.C., January 25, 2016 – In a strategic move that will enhance their corporate presence and facilitate wider market integration in the GCC and MENA regions, Ritz Banc Group, the Washington D.C. based private equity and alternative management firm announced today their joint venture with Center for Corporate Services Group (CCS), a leading provider of financial consultancy services covering the Middle East region.
“We are thrilled about this venture and confident that this collaboration with CCS will augment our position in that region. As our strategic advisors, their expertise and deep industry knowledge will ensure our growth in that market and boost trust in products and services we provide”, said Nasr El Hage Jr., Ritz Banc Group Co-Founder and Managing Director.
Since its establishment in 2012, Ritz Banc Group has been on a growing streak and now has more than US$200 million in assets under management. This joint venture is another strategic step towards further progress and wider market integration that benefits all parties involved and brings more value for Ritz Banc Group partners.
Khalil Fawaz, CCS Chief Executive Officer concluded, “This is exciting times for us at CCS. As we join forces with Ritz Banc Group, we provide our partners access to the wealth of knowledge and opportunities that Ritz Banc Group provides in the US, the most stable economy on global basis offering fundamentally attractive risk adjusted returns.”
|About the Ritz Banc Group|
|Ritz Banc Group is a private equity and alternative asset management firm headquartered in Washington, D.C. aimed at advising investors on deploying capital in US real estate. By successfully investing in the United States since 2012, Ritz Banc Group has a nationwide platform of seasoned operators. The firm reinforces its business model by being a vertically integrated investment and property management platform creating an “operator” vs. “capital” allocator. We are committed to create value, diversification and capital preservation for our LPs through rigorous underwriting practices and deep market knowledge.|
|About CCS Group|
|Center for Corporate Services Group (CCS) is a leading provider of financial consultancy services serving the entire GCC and the wider MENA regions. CCS services cover a wide variety of individuals, institutions as well as intergovernmental organizations. CCS is distinguished from others by its deep industry and sector knowledge as well as expertise|