Successful Closing of the sale of 100% of the shares of Diamond Meat Processing (DMP)
BEMO Investment Firm Ltd Announces the Successful Closing for the Sale of 100% Shares of Diamond Meat Processing
Sell-Side Advisory
Beirut, April 18, 2016: BEMO Investment Firm Ltd. (BIF) and BEMO Securitisation SAL (BSEC) are proud to announce the successful closing for the sale of 100% of the shares of Diamond Meat Processing (DMP).
Diamond Meat Processing is a leading UAE meat processing company based in Dubai with more than 15 years of track record and well established local brands. It holds the ISO 9001:2008 and HACCP quality certifications for its manufacturing process and offers more than 80 varieties of processed chicken, beef and turkey in various flavours and packaging sizes.
Prior to the deal, DMP was part of the Emirates Trading Agency (ETA) Star House Group, a multi-dimensional and diversified organization established in 1973 as a joint venture with UAE’s Al Ghurair Group. 100% of the shares of DMP were acquired by Siniora Food Industries, a leading regional food processing company based in Jordan, and Emerging Investment Partners (EIP), a private equity fund management company with a primary focus on the Middle East and North Africa (MENA) region.
The transaction sell-side advisors were successful in transferring the company’s ownership into groups that have the meat processing sector at the core of their activities. “We see our added value not only on the technical side, but also on our ability to place investment opportunities with appropriate investors where it will be most valuable” explained Mr. Ronald Yazbeck, CEO of BEMO Investment Firm Ltd and BEMO Securitisation SAL.
About BEMO Investment Firm Ltd
BEMO Investment Firm Ltd. Is a wholly owned subsidiary of Banque BEMO SAL, and BEMO EUROPE – Banque Privee offering financial advisory services throughout the MENA region. The company was incorporated in 2008 under the DFSA regulatory authority, and operates out of the Dubai International Financial Centre (DIFC). BEMO Investment Firm works closely with both BSEC and BEMO Private Bank to originate business from the GCC and service the clients within the region. Its main business lines include M&A and Private Placement as well as Debt and Structured Finance.
About BEMO Securitisation SAL (BSEC)
BSEC is a financial institution specialised in structured finance which has been active in the industry for over ten years and has executed high profile transactions recognized by the industry for state-of-the-art structuring and arranging practices. BSEC’s credentials are well established in the local market and the company has been behind a number of mandates in other markets within the MENA and other regions. BSEC has been awarded by international industry specialists.
BSEC is licensed as a financial institution under Lebanese law and is a wholly owned subsidiary of Banque BEMO SAL. BSEC is regulated by the Central Bank of Lebanon and is a member of the Association of Financial Institutions in Lebanon.
