Gulf Capital-backed CWB merges with PETOŠEVIĆ

• PETOŠEVIĆ is headquartered in Luxembourg
• Gulf Capital acquired a majority stake in CWB in 2020
• Gulf Capital is a thematic driven private equity firm based in Abu Dhabi

CWB Group, backed by Gulf Capital (GC), has merged with PETOŠEVIĆ Group, an East-European intellectual property (IP) services provider. No financial details of the transaction were disclosed.

PETOŠEVIĆ is headquartered in Luxembourg and offers services across Eastern Europe and Central Asia.

This merger is aimed at creating a super-regional IP leader operating across the Middle East, North Africa, Eastern Europe, and Central Asia, according to a release.

The merged firm will provide its clients with the full suite of IP services across the 52 countries it focuses on, the release stated.

GC acquired a majority stake in CWB in 2020.

“This strategic merger of two industry leaders is a continuation of our long-established strategy of ‘buy-and-build’ and industry consolidation to develop global champions out of the GCC region,” said Mohammad Madani, managing director, Gulf Capital. “We are particularly proud to establish this new super-regional IP firm out of the vibrant Abu Dhabi Global Markets, which is quickly becoming the jurisdiction of choice for fast growing global companies operating across emerging markets.”

GC is a thematic driven private equity firm based in Abu Dhabi. The firm has closed 38 investments since inception. It manages more than $2.4 billion in assets.

CWB is a regional legal services consultancy that provides intellectual property services through its seven offices and member firms in the Middle East and North Africa (MENA) region. The firm is headquartered in Dubai.