In July 2008, Unicorn successfully disposed of its shares in Orimix Concrete Products LLC (Orimix), an investment held in its private equity fund, Unicorn Global Private Equity Fund I. The Fund acquired a controlling stake in Orimix, the leading supplier of ready-mix concrete in the Fujairah, in November 2006, and Unicorn worked closely with the management of Orimix to almost double it in size, by expanding capacity and improving profitability. The sale resulted in a return on capital of 160% and an Internal Rate of Return (IRR) of 98%. Unicorn’s exit from Orimix was named the Euromoney Islamic Finance Deal of the Year for 2009.
