KUWAIT: NBK Capital is pleased to announce that it acted as the exclusive financial advisor to Mezzan Holding Company KSCC (“Mezzan”) in its recent acquisition of UAE-based Unitra METS Group (“UMG”), a leading beverage distributor with a unique portfolio of high profile brands including Red Bull, San Pellegrino and Aqua Panna amongst others. Mezzan acquired UMG from Abu Dhabi Investment Company (“Invest AD”) and other shareholders. NBK Capital’s Investment Banking Division offers its clients a suite of financial solutions and advisory services that assist them in achieving their strategic objectives.
As advisors to Mezzan, NBK Capital identified UMG as a unique opportunity to allow Mezzan to penetrate one of the key markets in the region. NBK Capital thoroughly assessed the merits of the acquisition and analyzed the synergistic opportunities available to Mezzan Holding. NBK Capital also managed a team of third party advisors and successfully led the negotiations and ensured seamless transaction process until financial close. The landmark cross-border transaction will complement Mezzan’s existing business, and aligns perfectly with the company’s ongoing expansionary strategy to becoming the leading food and beverage conglomerate in the Middle East. Furthermore, the acquisition gives Mezzan an unrivalled distribution platform and immediate footprint into one of the region’s fastest growing markets.
NBK Capital’s client base is leaders in their sectors. Over the last half a century, Mezzan has established itself as one of the largest diversified conglomerates in the Middle East predominantly focused on food and beverage manufacturing and distribution, pharmaceutical distribution, and industrial services amongst many others. Commenting on the transaction, Salah Al-Fulaij, CEO of NBK Capital, said: “The successful transaction marks a key milestone for Mezzan and augments its growth strategy. We are honored to be part of it. Mezzan is one of Kuwait’s bluechips, and we are proud to have them as one of our cornerstone clients.”
He further added “NBK Capital continues to dedicate its resources by providing world-class support and value-add services to its clients, assisting them in achieving their strategic objectives.” Mohammed Jassim Al-Wazzan, Chairman of Mezzan, stated that, “we are excited about this acquisition; it expands our strategic partnerships with globally renowned brands and strengthens our foothold in one of the key markets in the Gulf. We would also like to thank NBK Capital for the instrumental role they played in making this acquisition possible and continuous support to Mezzan in all its strategic initiatives.”