InCred Group Expands Middle Eastern Presence with Arrow Capital Acquisition
Deal News | Feb 17, 2025 | PR Newswire Cision InCred Group
In a significant transaction, InCred Group, a diversified financial services firm, has announced the acquisition of Arrow Capital DIFC Limited, a boutique financial services firm based in Dubai and regulated by the Dubai Financial Services Authority. Arrow Capital is known for its comprehensive services in wealth management, investment advisory, corporate finance, and asset management, serving ultra-high net worth individuals and corporations globally. This acquisition represents a strategic expansion for InCred into the Middle East and African markets, aligning with its goal to offer integrated financial solutions worldwide. With this acquisition, InCred Global Wealth will manage assets exceeding USD 2 billion, boosting its global operations and reach in Dubai, Singapore, and London. Key executives, including InCred's Bhupinder Singh and Arrow Capital's Rohit Nanani, expressed enthusiasm over the partnership and its potential to provide enhanced services across financial domains.
Sectors
- Financial Services
- Investment Banking
Geography
- United Arab Emirates – Arrow Capital is based in Dubai, UAE, marking this region as a significant focus for InCred's expansion.
- Singapore – InCred Global Wealth has a presence in Singapore, showcasing its strategic operational base in Asia.
- United Kingdom – InCred Global Wealth's operational office in London signifies the firm's existing European foothold.
Industry
- Financial Services – Both InCred Group and Arrow Capital operate within the financial services industry, offering wealth management, investment advisory, corporate finance, and asset management services.
- Investment Banking – The acquisition expands InCred Group's investment banking capabilities, particularly in the Middle East.
Financials
- USD 2 billion – The total assets under management after the acquisition by InCred Global Wealth.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| InCred Group | Bidding Company/Buyer | Company | A diversified financial services firm involved in wealth management, investment banking, and asset management. |
| Arrow Capital (DIFC) Limited | Target Company | Company | A boutique financial services firm in Dubai offering wealth management and investment advisory services. |
| Bhupinder Singh | Founder and CEO of InCred Group | Person | Leads the strategic initiatives and expansion of InCred Group. |
| Rohit Nanani | Founder and CEO of Arrow Capital | Person | Responsible for leading Arrow Capital's integration into InCred and its services. |
| Srikantan Selvamani | CEO, InCred Global Wealth Pte. Ltd. | Person | Oversees InCred Global Wealth's operations and expansion strategies. |