M1 Group
Also known as M1 Capital, M1 Limited, M1 Investments, M1 Enterprises
Beirut-based holding company of the Mikati family (Taha and Najib Mikati), created 2007, with telecom, fashion, real estate, financial-asset and private equity units and a stake in listed MTN Group.
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Beirut holding company of the Mikati brothers (Taha and Najib Mikati). M1 Capital, M1 Limited, M1 Investments, M1 Enterprises, M1 Real Estate and M1 Fashion are its own units, not separate firms. It is a diversified family holding, not a startup or venture investor.
Family & background
- FAMILY
- Mikati
- WEALTH ORIGIN
- Construction, then telecommunications (Investcom, founded by Taha and Najib Mikati; merged with MTN Group in 2006)
- HEADQUARTERS
- Beirut, Lebanon
- FOUNDED
- 2007
Investment approach
- GEOGRAPHY
- Global
- STAGES
- Buyout
- ROUTES
- Direct investments
- STRATEGIES
- Direct investmentsPrivate equityReal estatePublic equitiesHedge funds
Overview
M1 Group describes itself as a holding company that owns, manages and oversees investments in diversified businesses, committed to long-term investment and active ownership of companies across various sectors and geographies. The Mikati brothers started in construction and then founded the telecom group Investcom, which listed in London and Dubai in 2005 and merged with MTN Group in 2006; the creation of M1 Group in 2007 allowed diversification into new sectors. Its units are M1 Limited (which the site says holds a predominant share in JSE-listed MTN), M1 Capital (managing the holding's financial assets across money markets, equities, bonds, options, derivatives, commodities, mutual funds and hedge funds), M1 Real Estate (founded 2006; offices in Monaco, London, New York, Dubai and Beirut), M1 Fashion (linked on the site to AWWG), M1 Enterprises (controlling interests in a diversified portfolio of companies), M1 Investments (the group's private equity arm) and the payments company Areeba. The group lists management offices in Beirut, Monaco and Dubai; Azmi T. Mikati is CEO.
Investment thesis
Long-term investment and active ownership: M1 Investments describes an opportunistic, sector-agnostic, global mandate to invest in private companies and provide patient capital for long-term growth, and M1 Enterprises takes controlling interests where it can apply operational expertise.
Holdings & investments (3)
- Consumer & E-commerce
- Telenor MyanmarNOTABLEsince 2021
- Fintech
People
- Taha A. MikatiCo-founder and Chairman, M1 Group · source
- Najib A. MikatiCo-founder, M1 Group · source
- Azmi T. MikatiCEO, M1 Group · source
- Maher N. MikatiDeputy CEO, M1 Group; CEO, M1 Fashion; CEO, Areeba · source
- Jamal RamadanCEO, M1 Enterprises; Member of the Executive Committee, M1 Group · source
- Moustapha El-SolhCEO, M1 Real Estate; Member of the Executive Committee, M1 Group · source
- Rana ShatilaCFO, M1 Group · source
- Samir MirzaChief HR & Organizational Development Officer, M1 Group · source
Classification
Family Holding. A family's holding company that owns stakes in several separate businesses or invests beyond its own group, without calling itself a family office. How family capital is classified →
FAQ
M1 Group is a family holding based in Beirut, Lebanon, founded in 2007.
M1 Group invests on behalf of the Mikati family (Construction, then telecommunications (Investcom, founded by Taha and Najib Mikati; merged with MTN Group in 2006)).
M1 Group invests directly in companies. Its stated asset mix includes direct investments, private equity, real estate, public equities and hedge funds.
M1 Group invests at Buyout stage in Consumer & E-commerce, Real Estate & PropTech and Fintech.
Key people at M1 Group include Taha A. Mikati (Co-founder and Chairman, M1 Group), Najib A. Mikati (Co-founder, M1 Group), Azmi T. Mikati (CEO, M1 Group) and Maher N. Mikati (Deputy CEO, M1 Group; CEO, M1 Fashion; CEO, Areeba).
M1 Group's holdings and investments include AWWG (Pepe Jeans London, Hackett, Façonnable), Telenor Myanmar and Areeba.
The most recent publicly reported investment by M1 Group is Telenor Myanmar (Acquisition (announced; closed March 2022 through a joint venture)), announced in Jul 2021.