Arab Energy Fund leads 100% acquisition of Metito Utilities
Deal News | Jan 09, 2025 | Zawya
The Arab Energy Fund (TAEF), previously known as APICORP, has successfully led a consortium to acquire a full 100% stake in Metito Utilities. The acquisition was carried out in collaboration with Zamil Group Investment Company and the Ghandour family. The deal is aimed at providing growth capital to Metito Utilities, which has expertise in sustainable water management and climate-resilient water assets. The transaction is part of TAEF's broader strategic vision to advance energy security and sustainability by investing in critical water and wastewater management infrastructure across the MENA region, Africa, and Asia. Metito Utilities has been pivotal in pioneering Public-Private Partnerships (PPPs) in the water sector, boasting over 35 successfully managed concessions globally. The acquisition marks a significant milestone for all parties involved, aligning with TAEF's focus on the energy and adjacent sectors while providing long-term environmental, social, and economic value. The initiative strengthens regional leadership in addressing water scarcity challenges and is aligned with TAEF's mission of promoting sustainable infrastructure development.
Sectors
- Water Utility Industry
- Private Equity
- Energy Sector
Geography
- MENA Region – Arab Energy Fund is focused on the MENA energy sector, and Metito Utilities has been operational in key MENA countries, including Saudi Arabia, UAE, and Qatar.
- Asia – Metito Utilities has operations across Asia, aligning with TAEF’s strategy to expand its influence in water management across the continent.
- Africa – The acquisition supports TAEF’s interests in extending sustainable water management solutions within the African continent.
Industry
- Water Utility Industry – The acquisition involves Metito Utilities, a specialist in sustainable water management solutions and infrastructure projects, primarily active in water and wastewater management.
- Private Equity – Arab Energy Fund, a private equity firm, led the consortium for the acquisition, showcasing its impact investment strategies in energy and infrastructure.
- Energy Sector – The deal aligns with TAEF's strategic vision to enhance sustainable infrastructure to secure energy value chains, which involves water resources as a key component.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arab Energy Fund (TAEF) | Acquirer | Company | A multilateral impact financial institution formerly known as APICORP, focused on energy security and sustainability investments. |
| Metito Utilities | Target company | Company | Global investor and operator specializing in water management solutions and sustainable water infrastructure development. |
| Zamil Group Investment Company | Consortium Partner | Company | Investment arm providing strategic business opportunities in the region. |
| Ghandour family | Consortium Partner | People | Business family involved strategically in consortium alongside Arab Energy Fund. |
| Khalid Ali Al Ruwaigh | CEO of Arab Energy Fund | Person | CEO representing Arab Energy Fund's interests and strategy in leading the acquisition. |
| Abdullrahman K Al Zamil | President of Zamil Group | Person | Involved in the consortium and strategic alignment of the acquisition. |
| Rami Ghandour | CEO of Metito Utilities | Person | CEO focusing on the continued expansion of Metito's impact in sustainable water management. |