Kuwait private equity firm invested $20 million in Metito Utilities

NBK Capital, a private equity firm from Kuwait, announced committing $20 million in mezzanine financing to Metito Utilities, a water and wastewater treatment solution provider.

The deal is jointly structured by NBK Capital and IFC, a member of the World Bank Group. The investment will support the company's expansion as a full service water and wastewater treatment concessionaire across the Middle East, North Africa and China. Currently operating in over 22 countries, MHL is the largest privately owned water treatment company in the region.

NBK Capital is listed in the Middle East Investors Directory with the code OR41.

More details from their release follows