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Outlook for structured Islamic investment deals good: Seera Investment Bank  Join our daily free Newsletter

MENAFN Press - 16/06/2009

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Abdulla Janahi, Chief Executive Officer, Seera Investment Bank.
(MENAFN Press) Bahrain Based Seera Investment Bank B.S.C. (c) which recently won accolades for its BWA acquisition as Deal of The Year 2009 by the Financial Times The Banker, today said the outlook for structured Islamic investment deals has not diminished despite the global economic downturn.

According to Mr. Abdulla Janahi, Seeras Chief Executive Officer: Our business approach which comprises working on an equity syndication model has played a pivotal role. We are confident that with our strategy of tapping niche investment opportunities and through the business model we follow, the medium and long term potential for structured Islamic investment deals is actually quite good.

The positive outlook for structured Islamic investment deals was validated by Seeras acquisition of the UK based BWA Water Additives (BWA), a leading water treatment solution provider, being honored with the Deal Of The Year 2009 Award in the Islamic Finance category by The Banker “ the leading international financial affairs publication owned by the Financial Times Limited.

Mr. Janahi added, In a quiet time for Europe-based Islamic finance deals, this deal stood out given the fact that it was concluded when leveraged finance was going through a difficult period. This recognition is a testament to our teams contribution to the private equity marketplace.

Headquartered in the UK, BWA Water Additives has been operating for over 35 years with laboratories in the UK and USA. The Company is a world leader in the development and marketing of high performance specialty chemicals for water treatment. Recently the Company experienced a period of continuous development including significant investment in infrastructure, new product development and human capital to further establish its business, with an operational structure and global platform.

The Company has a well-developed portfolio of high performance branded products to meet the requirements of 370 customers in 85 countries. The portfolio covers three high growth segments: water desalination, industrial water treatment processes and secondary oil recovery. The companys products are used to treat microbiological growth in process water and to control and prevent corrosion of iron and steel as well as inorganic deposits on the surface of pumps and pipes. It constantly upgrades its products through research conducted at its two laboratories in the UK and the USA.

The acquisition of BWA was financed by a multi-tranche facility of around U100m, including a mezzanine tranche. Denominated in dollars, the facility was structured to meet the strict Sharia requirements of Seera Investment Bank.


About Seera Investment Bank
Incorporated in 2006 in the Kingdom of Bahrain as United International Bank B.S.C. (c) (UIB), Seera Investment Bank B.S.C. (c) (Seera) is an investment bank licensed and regulated by the Central Bank of Bahrain with an authorized share capital of US 2.5 billion and a paid-up capital of US 291 million. Seera provides investment banking products and services in strict adherence to Sharia rules and principles.

 






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