Seera concludes $200m acquisition of BWA

Seera Investment Bank, the Shari’a compliant Bahrain-based investment bank, announced conclusion of its $200m acquisition of UK-based BWA water additives – originally announced in September; pre-turmoil.

Not a bad exit for private equity firm Close Brothers Private Equity (CBPE), which had acquired BWA from the US listed Chemtura Corporation for $85m two years ago. BWA has revenue in the range of $120m.

Never heard of Seera? It used to be called United International Bank (UIB) and is incorporated in 2006. (You may purchase our directory to find out more about other investment firms in the Middle East)