Aliph Capital Acquires 25% Stake in SANIPEX GROUP, Expands GCC Investment Portfolio
The Abu Dhabi Global Market (ADGM)-based private equity firm Aliph Capital has announced that it has acquired a 25% share in SANIPEX GROUP, one of the UAE’s top domestic suppliers of lifestyle goods. Following a recent entry into the pet retail industry in the United Arab Emirates, this is Aliph Capital’s second major investment and aligns with the company’s goal of funding superior, industry-leading businesses in the Gulf Cooperation Council (GCC).
Renowned for providing high-quality goods in the bathroom, kitchen, surface, lighting, and outdoor categories, SANIPEX GROUP caters to both corporate and retail clients in the GCC and beyond. The business has a significant market share and is well-established in over 30 countries, particularly with its domestic bathroom brand, BAGNODESIGN.
The company is also expanding into new categories such as kitchen appliances and outdoor furniture.
Huda Al-Lawati, the Founder and CEO of Aliph Capital, expressed excitement about the partnership, emphasizing SANIPEX GROUP’s leadership position, strong management team, and impressive growth potential. She emphasized the company’s strategic alignment with Aliph’s investment criteria and pointed out the anticipated expansion of SANIPEX GROUP’s recently launched outdoor furniture (GYMKHANA) and kitchen appliance line (BYSTRO). She said, “We look forward to supporting the company’s continued success and expansion.”
Aliph Capital was welcomed as a strategic partner by SANIPEX GROUP’s founder and group managing director, Daryl Barker, who praised the company’s experience and how it will help the business’s long-term growth and market expansion objectives. In order to cater to interior designers, developers, and the luxury market, Barker also described upcoming plans, such as the development of more showrooms in the United Arab Emirates and Qatar and the opening of a flagship Design Centre on Jumeirah Beach Road.
The UAE’s real estate market, particularly the luxury segment, is expected to continue driving demand for high-end lifestyle products, making it an opportune time for Aliph’s investment in SANIPEX GROUP. The company’s experienced management team has successfully maintained a leadership position within both the retail and commercial sectors, positioning it for continued success.
Huda Al-Lawati and Gaurav Wadhwa, Managing Director of Aliph Capital, will join the board of SANIPEX GROUP as part of the agreement in order to provide their strategic perspectives and support the company’s expansion.
For this transaction, PwC Middle East was the sole corporate finance M&A advisor to the shareholders of SANIPEX GROUP, Clyde & Co. was the shareholders’ legal counsel, and Latham & Watkins was Aliph Capital’s legal advisor.