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GFH acquires 70% stake in Fintech leader Marshal

GFH acquires 70% stake in Fintech leader Marshal
The deal is GFH’s second most significant technology investment
GFH
GFH
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Mubasher: Bahrain’s GFH Financial Group acquired a 70%-stake in Marshal Equipment and Trading, a leading fintech company in the MENA region. 

The deal was facilitated through GFH's investment arm, GFH Capital, according to a press release on Tuesday.   

Founded in 1981 and headquartered in Dubai, Marshal is the largest and oldest provider of payment technology in the Middle East. It owns more than an 85% market share in the UAE in addition to owning the majority stake in other regional markets. 

The company further serves clients across 16 countries, providing them with the most sophisticated transaction automation products as well as fintech solutions to markets. Marshal’s clients include Network International and the National Bank of Abu Dhabi (NBAD), among key others.     

The acquisition deal is GFH’s second most significant technology investment, an area the group continues to focus and strategically invest in, CEO of GFH, Hisham Al Rayes, stated. 

It is noteworthy that deNovo Corporate Advisors acted as GFH’s sole financial advisor for the acquisition deal, while the UK-based Freshfields Bruckhaus Deringer was the group’s legal advisor. BonelliErede was Marshal’s legal advisor.

GFH is listed on Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM).