Metito Secures Game-Changing Investment from TAEF and Zamil Group
Deal News | Jan 15, 2025 | Dentons
The Arab Petroleum Investments Corporation (TAEF) and Zamil Group Investments have acquired a 60% stake in Metito Utilities Limited, a leading provider of water and wastewater management solutions. This acquisition aims to support the consortium's strategic expansion within the water and wastewater management sector, demonstrating their dedication to sustainable development and infrastructure enhancement globally. Dentons, a prominent global law firm, represented the consortium in this complex, cross-border transaction. The Dentons team, led by partner Ziad Saad, showcased the firm's capacity to deliver comprehensive legal services in significant deals. The acquisition underscores the strategic importance of sustainable water management and reflects the involved companies' commitment to advancing their operations across key regions.
Sectors
- Water and Wastewater Management
- Legal Services
- Investment and Private Equity
Geography
- Saudi Arabia – Dentons' Riyadh office led the transaction, and Zamil Group is a Saudi-based company.
- MENA Region – Metito has operations across the MENA region, making this geography relevant.
- Global – Metito operates globally, including Africa, Eastern Europe, and China.
Industry
- Water and Wastewater Management – The article discusses the acquisition of a major stake in Metito Utilities, a provider of water and wastewater management solutions.
- Legal Services – Dentons' involvement as a legal advisor highlights the legal services industry.
- Investment and Private Equity – TAEF and Zamil Group's strategic acquisition represents activities typical of investment and private equity sectors.
Financials
- 60% – The stake acquired by the consortium in Metito Utilities Limited.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dentons | Legal Advisor | Company | Dentons advised the consortium on the acquisition. |
| Arab Petroleum Investments Corporation (TAEF) | Acquirer | Company | Part of the consortium acquiring a 60% stake in Metito Utilities. |
| Zamil Group Investments Company | Acquirer | Company | Part of the consortium acquiring a 60% stake in Metito Utilities. |
| Metito Utilities Limited | Target Company | Company | A globally recognized provider of water and wastewater management solutions. |
| Ziad Saad | Corporate Partner Leading the Transaction | Person | Led the Dentons team in the transaction. |