Encor Group Backed by Nexus Point Acquires Creative Zone

Creative Zone Group, one of the UAE’s top corporate services providers, has officially been acquired by Encor Group, a regional platform offering corporate, trust, and fund services, headquartered in Hong Kong.

Second Major Acquisition in Three Months for Encor

This acquisition is Encor’s second in just three months, coming right after its takeover of Shanghai-based OCS Group, a prominent corporate services provider in China. Encor is backed by Nexus Point Capital, a well-established private equity firm based in Asia.

“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,” said Kuo Chuan Kung, Managing Partner of Nexus Point. 

Expanding Amidst GCC Market Growth

The deal comes during a boom in the corporate service provider (CSP) industry across the Gulf Cooperation Council (GCC). It underscores Creative Zone’s strong foothold in offering services such as company formation, business maintenance, tax and accounting solutions, and other corporate support offerings. With Encor’s backing, Creative Zone aims to scale its presence in the GCC and leverage access to key Asian markets.

“We are delighted with the acquisition of Creative Zone,“ added Joe Wan, CEO of Encor. “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 Regional Expansion and Entrepreneurial Impact

Creative Zone has recently expanded beyond the UAE, launching operations in Saudi Arabia and Qatar. The firm has already assisted over 75,000 entrepreneurs by delivering end-to-end business support and corporate services. This acquisition reinforces Encor’s commitment to further invest in the high-growth GCC region.

Leadership Continuity and Integration with Encor

The existing leadership team at Creative Zone will continue to manage daily operations and facilitate the transition into Encor’s global platform. Lorenzo Jooris, CEO of Creative Zone, is set to join Encor’s Executive Leadership Team once the acquisition is finalized.

“Today’s announcement represents a significant milestone for Creative Zone,” said Lorenzo, “Encor and its investors bring considerable financial resources and operating expertise to the table, enabling us to enter an exciting new phase of our growth strategy into global markets. Our combined strengths will accelerate the growth of our business, enhancing our ability to deliver innovative solutions that meet growing demands within and beyond the GCC.”

Advisory Role of Arrow Capital

Arrow Capital, a UAE-based financial advisory firm, acted as the exclusive advisor for the transaction. The firm played a key role in structuring the deal, arranging debt financing, and also took part as a minority equity investor.

Sumit Mehta, Managing Director at Arrow Capital, said: “This acquisition reinforces our position as a trusted partner in the UAE’s dynamic corporate services sector, and we see tremendous opportunities to expand the company’s capabilities and further strengthen its market leading position.”