MANAMA: Seera Investment Bank has successfully concluded the acquisition of UK-based BWA Water Additives.Following the successful completion of its leveraged buying, a team of senior management of Seera, a Sharia-compliant Bahrain-based investment bank, concluded a visit to the company’s headquarters in Manchester.
A number of high-level meetings were held with BWA’s executives and a comprehensive overview and a strategic roadmap of this venture were effectively formulated.
Seera considers the acquisition of this leading water treatment solutions provider as a strong addition to its existing portfolio.
The breakthrough transaction was financed by Royal Bank of Scotland and HSBC , with mezzanine financing provided by RBS Equity Fund.
The acquisition brings into Seera’s fold a dominant niche player with high growth dynamics and strong cash flow characteristics in a non-cyclical sector, making Seera one of the first investment banks in the GCC to have a presence in the burgeoning water treatment market.