Michel Daher
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(affiliated with the Lebanese Forces)
Michel Daher | |
|---|---|
ميشال ضاهر | |
 | |
| Born | Michel Georges Daher 7 March 1961 (age 65) |
| Occupations | Chairman and CEO |
| Known for | Daher Foods, Daher Capital, Parliament of Lebanon |
| Political party | Independent (affiliated with the Lebanese Forces) |
| Spouse | Marleine Sayde |
| Children | Georges, Mark, Edwina, Perla |
Michel Georges Daher (Arabic: ميشال ضاهر; born 7 March 1961) is a Lebanese entrepreneur, investor, philanthropist and politician who is the founder of Daher Capital and Daher Foods.[1] As of May 2022, the latest official lebanease elections, he was elected as a Member of Parliament in Lebanon for the Zahle district.[2]
Daher Foods
Michel Daher founded Daher Foods in 1992, one of the largest Fast-Moving Consumer Goods (FMCG) companies in the Middle East and North Africa (MENA) region. Daher Foods operates one of the largest salty snacks operations in the Middle East.[3]
In 2016, Daher Foods started producing packaged nuts and kernels in a brand new production facility.[4]
In 2019, Daher Foods added biscuits and wafers to its portfolio of products in a brand new production facility.[5]
Daher Capital
Daher founded Daher Capital, a privately owned family investment office. Daher Capital invests in developed public market equities, emerging markets equities, private equity and venture capital.
Some of Daher Capital's publicly known investments include FXCM, where in 2007, Daher Capital joined forces with Lehman Brothers and Yale University to purchase a 35% stake.[6] FXCM went public on the NYSE in December 2010 with a market capitalization of $1.6 billion,[7] a process in which Daher had an active role in.[8] In 2013, Daher sold his FXCM stake and invested in rival Gain Capital.[9]
In 2013, Daher purchased a large stake in the largest poultry producer in the US,[10] Pilgrim's Pride and became the company's second largest shareholder.[11] In 2013, Pilgrim's Pride had revenues of $9.0 billion.[12]
Daher Capital is also known to be a very active Venture Capital investor. In 2017, Daher Capital was recognized as "one of the biggest supporters of Los Angeles tech companies behind the scenes" by the LA Times.[13]
Some of Daher Capital's known VC investments include Maker Studios prior to its sale to Disney for $1 billion,[14][15] in Bonds.com prior to its sale to the London Stock Exchange,[16][17] and Burstly, developer of TestFlight, prior to its sale to Apple.[18] In April 2019, Daher Capital worked with BridgePoint Advisers to acquire Kyriba in a deal valuing the company at $1.2 billion.[19]
Other companies that Daher invested in that went public include TrueCar[20][21] and Stonegate Mortgage.[22]