Encor Group, a private equity-backed business solutions platform, has purchased Creative Zone, one of the UAE’s top business setup advisory companies. This is Encor’s second buy in three months, further cementing its plan to grow aggressively in the region’s thriving SME support industry.
Building Stronger Position in Business Services
The Creative Zone acquisition, renowned for its integrated support to start-ups and entrepreneurs, will greatly enrich Encor’s service offerings and geographic presence. It provides Encor an opportunity to connect with a wider customer base as well as to provide more one-stop-shop end-to-end solutions.
Nexus Point’s Vision Gains Momentum
Backed by Nexus Point, Encor is establishing a strong business formation, consultancy, and growth solutions ecosystem in the UAE and other markets. The acquisition is viewed as a major milestone in establishing Encor among the region’s top business service providers.
Consolidation of the Market and Future Plans
Industry players indicate the action is part of an overall market consolidation wave in the UAE business services industry. Encor will, over the next few months, unveil additional strategic partnerships and acquisitions as it takes advantage of rising demand from SMEs and start-ups.
