KAMCO hires Alvarez & Marsal for Global takeover

Kuwait -  KAMCO Investment Company has appointed the Middle East office of renowned global professional services firm, Alvarez & Marsal (A&M), to be the integration advisor for the acquisition of a majority stake in Kuwait’s Global Investment House.

“KAMCO assigned Alvarez & Marsal Middle East Limited this critical role in the acquisition process given the firm’s strong track record and global exposure in successfully concluding complex transactions,” according to an official statement.

Alvarez & Marsal is expected to provide KAMCO with guidance throughout the takeover and integration process. This step aims at strengthening KAMCO’s integrated business model, while supporting the successful transformation, pre- and post-acquisition.

“A&M is part of the Alvarez & Marsal group. Alvarez & Marsal is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services,” the statement added.

“A&M’s experience and expertise in handling similar transactions throughout their years of operation further solidified our decision. With A&M’s support and the cooperation of Global’s team, we are keen to make this transition seamless for our valued clients and stakeholders. We also seek to make KAMCO a non-banking financial services powerhouse of the region,” CEO of KAMCO, Faisal Sarkhou, said.

A Managing Director at A&M, Saeeda Jaffar, added, “Our experienced team of consultants and operators, combined with our operational heritage, will help realize the effective performance enhancements critical to unlocking value.”