Sharjah, UAE – CE‑Ventures, the corporate venture capital arm of Crescent Enterprises, has successfully exited its equity stake in Transcorp International, a UAE-based logistics and fulfilment company, through a strategic sale to Elite Co, a leading regional operator backed by Green Dome Investments.
The transaction stands as one of the region’s most successful investment exits, delivering an impressive 7.6x multiple on invested capital (MOIC). CE‑Ventures initially invested in Transcorp in 2018, partnering closely to transform the company into a prominent player in cold-chain logistics, last-mile delivery, and B2B distribution. Over the course of its investment, CE‑Ventures supported the institutionalisation of governance, built internal systems, and unlocked strategic growth opportunities.
Tushar Singhvi, Deputy CEO & Head of Investments at Crescent Enterprises, stated:
“We are proud to have supported Transcorp’s transformation into a scalable, institutional-grade logistics company serving some of the region’s most dynamic sectors. This transaction exemplifies our long-term approach to building resilient, high-impact businesses.”
Rodrigue Nacouzi, CEO and founder of Transcorp, added:
“CE‑Ventures has been more than an investor; they’ve been a true strategic partner. From the early stages, they worked with us to institutionalise our systems, strengthen our banking relationships, and support our commercial expansion. We’re excited for the next chapter with Elite Co.”
Sudarshan Pareek, Senior Vice President at CE‑Ventures, commented:
“Our journey with Transcorp reflects our philosophy of backing founders who are resourceful, mission-driven, and excel in sectors where operational excellence is the key differentiator. Rodrigue’s leadership and operational acumen have been pivotal in building a consistently profitable logistics platform.”
Hisham Albahar, CEO of Elite Co, added:
“Transcorp’s leading position in cold-chain logistics and its expanding GCC network will enhance our ability to serve diverse industries and meet the growing demand for high-quality, temperature-controlled supply chain solutions. Under Rodrigue’s continued leadership, Transcorp will be central to Elite Co’s regional expansion.”
This successful exit underscores CE‑Ventures’ strategy of supporting portfolio companies from early-stage growth to institutional maturity, creating long-term regional value while catalysing sector consolidation.
