Nexus Point-Backed Encor Group Acquires UAE-Based Creative Zone to Expand Regional Footprint
Encor Group, a corporate, trust, and fund services platform headquartered in Hong Kong and backed by Nexus Point Capital, has announced the acquisition of Creative Zone Group, a prominent corporate services provider based in the UAE. This marks Encor's second acquisition in the last three months, following its earlier purchase of OCS Group in Shanghai, China.
Creative Zone, with a strong presence in the Gulf Cooperation Council (GCC) region, specializes in company formation, business maintenance, tax and accounting, and other support services. The acquisition signifies a strategic move by Encor to bolster its footprint in the GCC and tap into the region’s rapidly expanding demand for corporate services.
Kuo Chuan Kung, Managing Partner of Nexus Point, commented on the deal: “Creative Zone is a leading CSP in the GCC, and we are excited to support Encor in its expansion to this attractive, fast-growing region.”
The transaction also signals a major milestone for Creative Zone, which has already expanded its operations beyond the UAE into Saudi Arabia and Qatar. To date, the company has assisted over 75,000 entrepreneurs with business setup and support solutions. The deal will provide Creative Zone access to Encor’s broader Asian network and allow it to scale its operations regionally and globally.
Joe Wan, CEO of Encor, highlighted the strategic nature of the deal: “This transaction marks a significant step in expanding Encor’s geographical reach to the strategically important GCC and unlocking cross-border business opportunities that will enable us to propel long-term growth across borders.”
Creative Zone’s leadership, including Group CEO Lorenzo Jooris, will remain at the helm and support the company’s integration into Encor’s global platform. Jooris will also join Encor’s Executive Leadership Team post-acquisition. “This partnership ushers in a new chapter for Creative Zone,” said Jooris. “With Encor’s backing and Nexus Point’s resources, we are well-positioned to grow our business and enhance our service offerings both within the GCC and globally.”
Arrow Capital, a UAE-based financial and investment advisory firm, was the exclusive advisor on the transaction. It managed the deal structure, provided debt financing, and invested as a minority equity partner.
Sumit Mehta, Managing Director of Arrow Capital, remarked: “This acquisition reinforces our role in the UAE’s vibrant corporate services sector. We see significant opportunities to expand Creative Zone’s capabilities further and cement its market-leading position.”
