Bahrain firm sold BWA to Philadelphia investors for $300 million

There are lots of complaints about lack of exits in Middle East investment sector, but a Bahrain investment bank just announced a very healthy $300 million exit for its acquisition after just three years.

Seera Investment Bank, a Shari'a compliant investment bank headquartered in Bahrain, announced the sale of BWA Water Additives (BWA), a UK based company for $300 million to Berwind Corporation, a family-owned investment management firm based in Philadelphia. As we reported back in 2008, Seera had acquired BWA for $200 million. A very healthy exit post crisis.

Seera Investment Bank is listed in the Middle East Investors Directory with the code LIP10.