Swicorp advises Delta in closing bottled water deal.
Swicorp, a leading investment banking group, acted as the exclusive financial advisor to advise Jeddah-based Delta Marketing in the divestment of its bottled water activity to Agthia Group, a top Abu Dhabi based F&B company.
Daniel Schencker, 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.
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.
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."
– TradeArabia News Service