Masharie, an investments subsidiary of Dubai Investments has sold a strategic equity stake in Anchor Allied Factory to Alkhabeer Capital, Saudi Arabia. The investment was made through Alkhabeer’s asset management private equity division.
All GCC locations, 15 September 2013: Masharie LLC, an investments subsidiary of Dubai Investments PJSC announced the selling of a strategic equity stake in Anchor Allied Factory LLC (“Anchor Allied”) to Alkhabeer Capital, Saudi Arabia (“Alkhabeer”).
The investment is another cross-border M&A which has seen the flow of funds between the Arab countries and is testimony to the potential partnership opportunities existing in the region for investors and entrepreneurs. The investment was made through Alkhabeer’s Asset Management Private Equity division. This acquisition will help Anchor Allied further expand its footprint within Saudi Arabia and also focus on growth opportunities through vertical as well as horizontal integration.
Established in 1993, Anchor Allied is one of the largest integrated producers and suppliers of adhesive tapes, silicone sealants and spray paints in the Middle East. The company has a large distribution network selling its products in over 43 countries including all GCC countries, the Indian Sub-Continent, Eastern Europe, USA, African countries and CIS countries.
Alkhabeer Capital, founded in 2008, is a boutique investment banking and asset management firm headquartered in Jeddah and regulated by Saudi Arabia’s Capital Market Authority. It provides financial products and services to help institutions, family groups and qualified investors access to and/or allocate capital into Shari’a compliant opportunities. Alkhabeer’s shareholders include prominent business groups from Saudi Arabia and other GCC countries.
“Our partnership with the Nalwala family was very successful; Anchor Allied has become one of the leading sealants and adhesives manufacturers in the Middle East with tremendous growth potential. We are proud to have been able to contribute to its success and wish both the Nalwala family as well as Alkhabeer Capital all the success in the future.” says Khalid Al Jarwan, General Manager, Masharie LLC.
According to Ammar Shata, Executive Director and Chief Executive Officer, Alkhabeer Capital, “Our investment in Anchor Allied goes in line with our Corporate and Private Equity strategies at Alkhabeer” On Alkhabeer’s partnership with the Nalwala family, Ammar added, “The Nalwala family has built a great business in the past decades. I am confident of the attractive future awaiting Anchor Allied in the coming years and look forward to a fruitful partnership with the Nalwala family to achieve the company’s anticipated growth potential.”
“Since formation in 1993, Anchor Allied has successfully built a strong regional adhesives and sealants business. We shared an excellent partnership with Masharie for the last 4 years and would like to thank them for their support. We are very excited to have Alkhabeer as our new partners and we look forward to creating similar value for our new shareholder.” says Hussain Nalwala, Co-founder and Executive Director, Anchor Allied
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