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Jadwa Refining Opportunities Fund acquires Trotters Group.

Jadwa Investment, a Saudi Arabian private equity house and investment bank with headquarters in Riyadh, today announced that the Jadwa Refining Opportunities Fund has acquired a significant minority stake in Trotters Group.

Trotters, headquartered in the UAE, is an integrated petrochemical by-products and used lube oil processing, trading and logistics company. Through its advanced facilities, Trotters transforms petrochemical by-products and used lube oil into value added products that are used in numerous industries including construction, pharmaceuticals and textiles. The company employs a versatile team of professionals, including scientists and researchers, engineers and marketing professionals, working together to serve international clients worldwide.

"We are very excited about our investment in Trotters" said Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment. "The depth of the petrochemical industry in the GCC region gives Trotters immediate and scalable access to an abundant supply of petrochemical by-products, which provides ample potential for growth in the near future. Coupled with the leadership of its strong and innovative management team, we believe Trotters will continue to build on its position as one of the leading regional players in the petrochemical by-products industry."

The investment in Trotters marks Jadwa's first private equity deal outside of Saudi Arabia and its ninth private equity investment overall, and follows a series of significant milestones in the company's private equity business. Last year, Jadwa listed two of its private equity investments, Abdulmohsen Al Hokair Group and Al Hammadi Company for Development and Investment, on the Saudi Stock Exchange. Jadwa also completed the acquisition of Saudi Mechanical Industries earlier this year through the Jadwa Mechanical Opportunities Fund. In total, Jadwa Investment has executed SAR 5 billion worth of private equity transactions so far across multiple sectors, including manufacturing, industrial, waste management, healthcare, hospitality and entertainment, food and beverage, building materials, consumer electronics and oil & lubricants.

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Publication:CPI Financial
Date:Oct 13, 2015
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