BWA targets Gulf growth under new ownership
- From: Vol 9, Issue 10 (October 2008)
- Category: General
- Region: Middle East
- Country: Bahrain
Close Brothers’ private equity arm has sold water treatment chemicals specialist BWA less than three years after buying it. New owner UIB will be hoping to build on the company’s leading position in the Middle East.
Bahrain’s United International Bank has bought water treatment chemicals company BWA Water Additives in a deal thought to be worth in excess of USD200 million. Close Brothers Private Equity originally bought the company in 2006 for USD85 million, and since that time, BWA has grown its sales by more than 30%. The company is expected to generate some USD120 ...
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