Michel Daher

Michel Daher
ميشال ضاهر
Born Michel Georges Daher
7 March 1961
Ferzol, Lebanon
Residence Ferzol, Lebanon
Nationality Lebanese
Occupation Chairman and CEO
Known for Daher Foods, Daher Capital

Michel Georges Daher (Arabic: ميشال ضاهر‎; born 7 March 1961) is a Lebanese entrepreneur known for being the founder of Master and Poppins under the Daher Foods umbrella, two of the largest FMCG companies in the MENA region.[1] Daher co-founded Daher Foods in 1992 in Ferzol, Lebanon and has served as CEO and Chairman since then.

Daher Capital

Daher also founded Daher Capital, a family investment office based in Beirut, Lebanon.[2] In 2007, Daher invested and became a partner and board member in FXCM, a leading online currency trading and CFD broker. FXCM went public on the NYSE in December 2010,[3] a process in which Daher had an active role in.[4] In 2013, Daher disposed of his FXCM stock and invested in rival Gain Capital.[5]

In 2013, Daher purchased a stake in the largest poultry producer in the U.S Pilgrim’s Pride[6] and became the company’s second largest shareholder.[7] In 2013, Pilgrim’s Pride had revenues of $9.0 billion.[8]

Daher Capital is very active in the VC space with a large venture portfolio,[9] having invested in Maker Studios prior to its sale to Disney for nearly $1 billion,[10][11] in Bonds.com prior to its sale to the London Stock Exchange[12][13] and Burstly prior to its sale to Apple.[14]

Other companies that Daher invested in that went public include TrueCar[15][16] and Stonegate Mortgage.[17]

Daher also serves as a board member of the Association of Lebanese Industrialists (ALI)[18] and is on the Executive Committee of Higher Council for Greek Catholics in Lebanon.


References

  1. ↑ http://www.zawya.com/cm/profile.cfm/cid14000681
  2. ↑ http://www.dahercapital.com
  3. ↑ http://www.businessweek.com/news/2010-12-01/fxcm-s-ipo-raises-211-million-at-midpoint-of-range.html
  4. ↑ Lebanese industrialist and businessman Michel Daher given the honor of ringing the NYSE opening bell - Zawya
  5. ↑ http://leaprate.com/2014/01/gain-capital-sees-lebanese-businessman-michel-daher-begin-to-cash-out-of-his-gcap-position/
  6. ↑ http://www.wsj.com/articles/pilgrims-expects-25-of-its-chicken-will-be-antibiotic-free-by-2019-1429564675
  7. ↑ http://files.shareholder.com/downloads/AMDA-YDB9Z/0x0xS1387131-13-140/802481/filing.pdf
  8. ↑ http://www.nasdaq.com/symbol/ppc/revenue-eps
  9. ↑ http://dahercapital.com/portfolio/
  10. ↑ http://techcrunch.com/2013/09/12/maker-studios-26m/
  11. ↑ http://www.hollywoodreporter.com/news/deal-year-disneys-1b-acquisition-758424
  12. ↑ http://www.prnewswire.com/news-releases/michel-daher-makes-strategic-investment-in-bondscom-135501133.html
  13. ↑ http://www.wsj.com/articles/SB10001424052702303824204579423473589228740
  14. ↑ http://blogbaladi.com/apple-acquires-burstly-a-daher-capital-company/
  15. ↑ https://www.truecar.com/our_team.html
  16. ↑ http://fortune.com/2014/05/16/truecar-raises-70-million-in-initial-public-offering/
  17. ↑ http://www.bizjournals.com/kansascity/news/2013/10/10/stonegate-mortgage-ipo-raises-180.html
  18. ↑ http://www.ali.org.lb/new/board.asp

External links

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