Alpen Capital advises Al Bayan Group on the sale of their water business to Agthia
All GCC locations, 12th October, 2015
Alpen Capital, Dubai acted as the sole financial advisor to Al Bayan Group of Companies, a diversified business group in the UAE with interests across healthcare, F&B retail, beverages and engineering industries on selling their 100% equity stake in Al Bayan Purification and Potable Water LLC - UAE, Shaklan Plastic Manufacturing Co. LLC - UAE and Al Manal Purification & Bottling of Mineral Water LLC - Oman to Agthia Group PJSC, one of the UAE’s leading food and beverage companies.
"The Al Bayan Group has grown strongly in the last few years and has diversified business interests. The move to sell our water business across UAE and Oman, is an integral part of our business strategy as it will help focus our efforts towards growing our retail and hospitality businesses. We are pleased that our water business will thrive under the ownership of the Agthia Group. I also would like thank the team at Alpen Capital, our financial advisors who not only helped us identify a suitable buyer but also structured and seamlessly executed the transaction," says A.K Mansoor, Chairman & Managing Director, Al Bayan Group of Companies
"We are very excited to merge our strengths with those of Al Bayan. As a major player in the 5 gallon bottled water segment in the UAE, Al Bayan is an excellent strategic fit for Agthia, further consolidating our leading position in the UAE water market. Al Bayan’s manufacturing capabilities in the Northern Emirates and Oman with an established brand and sales and distribution infrastructure, coupled with Agthia’s manufacturing expertise, sales and marketing knowledge, and its iconic brands, will help unlock the growth potential of the combined business,"says Iqbal Hamzah, Group CEO,Agthia Group
"This strategic investment by Agthia Group into Al Bayan is testimony to the potential opportunities that exist in the GCC for corporations and investors. We are happy to add value to this transaction using our extensive regional experience and expertise in the food and retail sectors", says Sanjay Vig, Managing Director, Alpen Capital (ME) Limited
Alpen Capital is a regional boutique investment banking advisory firm which provides advisory solutions in the areas of M & A, Debt, Equity and Capital Markets. It has offices in UAE, Qatar, Oman, Saudi Arabia, Bahrain and India. Alpen Capital has executed several complex transactions and worked for some of the largest business conglomerates in the GCC and India. Alpen Capital also provides in-depth research on GCC sectors covering growth trends, challenges and opportunities.