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 successfully advise Delta Marketing Company, headquartered in Jeddah, in the divestment of its bottled water activity to Agthia Group PJSC a leading Abu Dhabi based food and beverage company.
Daniel Schenker, CEO of Swicorp, said: “It is our pleasure to be the Exclusive Financial Advisor to Delta Marketing Company 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.
Commenting on the achievement, Mr. Hassan Alireza, Managing Director of Delta Marketing Company, said: “The transaction will enable Delta Marketing Company, a leading Saudi business conglomerate, to refocus its attention to the retail activities while providing strong growth prospects for the Al Ain brand through the regional leadership of Agthia Group PJSC. We also value the commitment of our financial advisor Swicorp that added value through the project which was a key factor for the successful closing of this transaction.”
Since its began its operations in 1984, Delta Water Factory produces and distributes the highest quality bottled water, the company has expanded to serve a growing customer base throughout the Kingdom. Having gone through various phases to broaden its product line, today Delta Water produces three water brands:
- Delta – The only water treated by distillation in Saudi Arabia.
- Al Ain – Bottled drinking water for everyday consumption.
- Bambini – Bottled baby water designed for the preparation of baby food.
In addition to bottled water, Delta also supply water in bulk quantities to various industries based on their requirements.
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.