Lumina Capital Advisers sees significant UK/KSA deal activity

• Lumina predicts robust deal activity across the KSA / UK corridor, off the back of strengthening of recent bilateral trade ties
• Appoints ex-government adviser, M&A veteran Fikry Younis as Riyadh based Partner to lead expansion in Saudi Arabia
• Move reinforces Lumina’s commitment to local execution capability in Riyadh, London, and Dubai
• The Company’s recently released "Lumina Private M&A Deals Index" shows increase in M&A deals activity in key sectors of healthcare, education, and infrastructure services; as Family Conglomerates continue to carry portfolio reviews

Riyadh, KSA: Lumina Capital Advisers predicts strong deal activity across the KSA / UK corridor, emerging from easing travel post COVID-19 crisis, Brexit and Vision 2030 implementation. With localisation becoming critical for transaction execution, Fikry Younis has joined Lumina as Partner, permanently based in Riyadh. Fikry previously served as adviser at the Ministry of Investment in Saudi Arabia and he held executive roles at Alkhabeer Capital in Jeddah and at Shuaa Capital in Riyadh.

 

Rick Pudner, Lumina Executive Chairman, speaking from London said: “Lumina has developed an enviable track record of advising companies, family conglomerates and investors on navigating complex cross-border deals, through harnessing our on-the-ground capabilities in London, Riyadh and Dubai. We are delighted to welcome Fikry Younis as head of Lumina Saudi Arabia. With his decades of experience advising companies in the Kingdom, our international clients now benefit significantly from local delivery capabilities.”

Reaffirmed by recent bilateral ministerial visits between Saudi Arabia and the UK, investment into key UK sectors such as healthcare and education are set for significant growth over the coming years. The just-announced successful takeover of Newcastle United by Saudi Arabia’s Public Investment Fund (“PIF”) is an early example of ongoing investment into the UK. In addition, rapid growth is expected in hospitality and entertainment and infrastructure services sectors between the UK and KSA. As a result of significant economic initiatives announced in the Kingdom, and as the world enters a post-covid and Brexit era, UK companies are actively seeking to reposition and reaffirm partnerships and investments to capitalise on significant growth opportunities both ways.

Fikry Younis, Lumina KSA Partner, speaking from Riyadh said: “I look forward to spearhead the firm’s growth across the Kingdom. I am excited to be part of the Lumina team, to lead and enhance our presence in Saudi for our clients. The rapid growth we are seeing in KSA M&A activity, in addition to Vision 2030, as well as Brexit, are resulting in a myriad of bilateral trade opportunities across Lumina key markets. As a result, we expect that M&A activity between the Saudi Arabia and the UK will continue to witness an upward momentum. With our deep knowledge and expertise, we are confident that we can provide unmatched advice to our clients in both markets”.

For Lumina’s latest insights on private market and transaction activity, including Lumina Private M&A Deals Index, see here: https://www.lumina-advisers.com/insights/lumina-private-company-index-lpci-q2-2021

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About Lumina Capital Advisers Limited (LUMINA):

Lumina Capital Advisers Limited (“Lumina”) focuses on matching capital and transactions between the Middle East and the UK. With offices in London, Dubai and Riyadh, Lumina’s team of experienced dealmakers brings senior level international expertise to family conglomerates and private equity clients from the region, the UK or around the world.

With over 100 years of collective experience, the team at Lumina has advised on more than 100 M&A, financing and restructuring transactions across the globe. They have consistently delivered unconflicted, dynamic and international standards of deal execution, cultivating long-standing relationships with clients and investors.

About Fikry Younis:

Fikry is a government adviser and M&A veteran. Fikry served as an adviser at the Ministry of Investment in Saudi Arabia and at the General Authority for Small and Medium Enterprises “Monshaat”. During his M&A career Fikry worked on more than 30 buy-side and sell-side transactions with a total value of more than USD 2 billion. Fikry’s transaction expertise include M&A and financing transactions with focus on real estate, education, healthcare, and industrial manufacturing. He held executive Investment Banking roles at Alkhabeer Capital in Jeddah and at Shuaa Capital in Riyadh; and at the start of his career, Fikry spent ten years with KPMG in Abu Dhabi and Dubai.

Fikry holds an MBA from IE Business School in Madrid, and bachelors of science from the American University of Beirut. He holds a qualification in Islamic Finance from the Chartered Institute of Securities and Investment in London; and certifications in Business Valuation and in Accounting from the American Institute of CPAs in New York, USA.

This publication is issued by Lumina Capital Advisers Limited. Lumina is the trading name of Lumina Capital Advisers Limited and is regulated by the DFSA. Lumina Capital Advisers UK Limited is registered in England and Wales as a wholly owned subsidiary of Lumina. 

Lumina media inquiries only:
Anisha Sharma
TOH Public Relations | +971 4382 8900 | lumina@tohpr.com 

© Press Release 2021