Description: Sale of 100% shareholding
Role: Sell side adviser
Client: AMI Group ( U.A.E)
Buyer: Soudal (Belgium)
Date: June 2020
Sharjah based Al Muqqaram (“AMI”) Group is one of the largest manufacturers of Sealants, Adhesives, Industrial Tapes and PU Foam in the Middle East. The company has two production facilities (in Sharjah and Umm al Quain) and a trading arm in Dubai.
The 100% acquisition of AMI allows Soudal to have a manufacturing base in the strategically important location of the UAE, from where AMI / Soudal products can be sold to the Middle East region and Africa.
Turnhout, Belgium based Soudal is one of the biggest independent producers of silicone and caulks (silicone, polyurethane, marine sealants, acrylics), polyurethane-foams, and adhesives in Europe. The company has a turnover of almost USD 1 billion.
Description: Sale of 100% shareholding
Role: Part of sell side advisory consortium
Client: ETA Group (UAE)
Acquirer: Averda (UAE)
Date: October 2019
Zenath was established in 1988 by the ETA Group and is one of the largest and oldest waste management companies in the UAE, servicing 1000+ clients in Dubai (Deira, Al Quoz, Al Awir, Mirdif and Jebel Ali Village)
The acquisition of Zenath Recycling offers Averda an opportunity to capitalize on the strength of its operations, enhance long-term value & market position for Averda as the leading waste services operator in UAE.
Averda is a global provider of integrated waste management services. The company has 14,000 employees and is present in the Middle East, Africa and Europe.
