Riyadh , Saudi Arabia – Swicorp, a leading investment banking, private equity and asset management firm with a specific regional focus on the Middle East and North Africa (MENA) region, acted as the Exclusive Financial Advisor to Petromin Corporation in the acquisition of a strategic stake in TriStar KSA, a leading company in auto repair, maintenance and spare parts distribution.
Daniel Schenker, CEO of Swicorp, said: “It is our pleasure to be the Exclusive Financial Advisor to Petromin Corporation on this important transaction. The successful closing of this transaction reinforces Swicorp leading position in the M & A market, having successfully advised on many mergers, acquisitions and joint ventures for leading Saudi companies over the last two years.”
He added that Swicorp was involved throughout the entire process – from origination to due diligence, to deal structuring and negotiations of transactional documentations.
Founded in 1968, Petromin Corporation, with its state of the art blending plant in Jeddah, and other two plants in Riyadh and Dubai, provides world-class products to motorists, and to industrial and government institutions.
Meanwhile, Swicorp, founded in 1987 by its current chairman Kamel Lazaar, and licensed by the Capital Market Authority of the Kingdom of Saudi Arabia, and the Dubai Financial Services Authority of the United Arab Emirates, has grown to be one of the region’s premier financial services providers.