NBK Capital, a subsidiary of the National Bank of Kuwait (NBK) said it advised Kuwaiti conglomerate Mezzan Holding Company in its recent acquisition of UAE-based Unitra Mets Group (UMG), a leading beverage distributor.

Mezzan acquired UMG from Abu Dhabi Investment Company (Invest AD) and other shareholders.

As advisors to Mezzan, NBK Capital identified UMG as a unique opportunity to allow the company to penetrate one of the key markets in the region.

It assessed the merits of the acquisition and analysed the synergistic opportunities available to Mezzan and also managed a team of third party advisors and successfully led the negotiations and transaction process until financial close.

The acquisition complements Mezzan’s existing business, aligning with its ongoing expansion strategy and giving it a distribution platform and footprint into the region’s fast growing markets, said a statement.

Salah Al Fulaij, CEO of NBK Capital, said: “The successful transaction marks a key milestone for Mezzan and augments its growth strategy. We are honoured to be part of it.”

Mohammed Jassim Al-Wazzan, chairman of Mezzan, said: “We are excited about this acquisition; it expands our strategic partnerships with globally renowned brands and strengthens our foothold in one of the key markets in the Gulf. We would also like to thank NBK Capital for the instrumental role they played in making this acquisition possible and continuous support to Mezzan in all its strategic initiatives.” - TradeArabia News Service