RIYADH: Saudi Arabia’s Jadwa Investment has fully acquired the UAE-based food and beverage provider Black Spoon Group, as it aims to expand across the Gulf Cooperation Council countries.
It is the company’s second acquisition in the consumer sector this year after Gissah Perfumes Co., and the 16th private equity investment since its inception.
BSG has 10 branches under three brands, including its flagship Allo Beirut, all of which have been acquired by Jadwa Food and Beverage Opportunities Fund.