Haya Rashed Al Khalifa advises Bank Al Khair in the successful sale of its stake in Gulf Strategic Partners WLL, valued at US$2,900,000

January - 2013

 Haya Rashed Al Khalifa advised Bank Al Khair in the successful sale of its stake in Gulf Strategic Partners WLL, a company that provides pre-commissioning and operational cleaning services for power, petrochemical, and process industries in Bahrain. Its services include steam blows, aqua services, chemical cleaning, hydrokinetic cleaning, pipeline services, lube oil flushing, decontamination, and waste management services. The company also offers business development services that include process support, professional marketing, joint ventures formation, project development, establishing of local agency agreements, market studies, media campaigns, trade show participations, business process reengineering, and recruiting. In addition, it supplies specialty products for construction, process, petrochemical, cement, and oil and gas industries. The company was founded in 2003 and is based in Manama, Bahrain.

This sale generated a significant return in the initial investment for Unicorn Global Private Equity Fund I BSC (c) and Regional Energy Services Holding WLL, the Bank's private equity funds focused on providing growth capital to companies in the region.

Partner Ronald Langat assisted by Corporate Attorney Saad Al Doseri advised on this transaction