Foursan Group backs ATICO

Foursan Group backs ATICO

Published: October 30, 2013

Private-equity firm takes 37% stake in Jordanian food and beverage company.

Foursan Group, a Middle Eastern private-equity firm, has bought a 37% stake in ATICO-Fakhreldin Group, a hospitality and food and beverage company in Jordan.

ATICO has grown from running one 4-star boutique hotel, Al Qasr, to running a catering service, an events-management company and various restaurants and cafes.

The company will use Foursan’s investment to fund local and regional expansion.