Manama, Bahrain – KPMG in Bahrain proudly announces its recent accolade as the recipient of the IFN Deal of the Year 2023 in Bahrain award by Islamic Finance News (IFN), the premier news provider in the Islamic finance industry. This recognition underscores KPMG’s unwavering commitment to excellence and innovation in providing top-tier advisory services within the Islamic finance sector.
IFN stands as the industry’s foremost authority, delivering comprehensive coverage and insights into Shariah-compliant finance through its extensive network of experts and journalists. KPMG’s acknowledgment by IFN highlights the firm’s exceptional performance and contributions to the field, solidifying its position as a leader in Islamic finance advisory services.
KPMG in Bahrain has also strengthened their Advisory team with the addition of two seasoned professionals. Farhad Chothia joins as Director, Advisory Services, focusing on Mergers and Acquisitions, bringing with him over two decades of experience across diverse international markets such as Australia, Dubai, APAC, and South Africa. Farhad’s expertise encompasses the entire spectrum of M&A activities, including research, valuation, deal analysis, negotiation, and execution, positioning him as an asset to KPMG’s advisory capabilities.
Additionally, Alden Muhoni assumes the role of Associate Director, Advisory Services, specializing in ‘sell-side’ and ‘buy-side’ business valuations. With more than 15 years of experience spanning various industries such as banking and financial services, manufacturing, and real estate, Alden brings unparalleled proficiency in business valuations, due diligence, financial modeling, ‘carve-outs’ and post-transaction support services. Alden has worked on many cross-border assignments covering the EMEA region.
The appointment of Farhad and Alden underscore KPMG’s commitment to delivering strategic and operational advice to clients in relation to their evolving strategy for growth and diversification within the marketplace, which is evolving both at a global and regional level.
Business leaders need to recognize the significance of M&A strategies in driving inorganic growth and capturing market share and opportunities. However, this growth strategy comes with inherent risks, underscoring the critical importance of having a capable advisory team when acquiring targets or considering divestment options. Business leaders will need to reinforce their strategic plans through the technical expertise provided by advisory professionals on valuations, due diligence, negotiations and transaction execution to mitigate potential M&A pitfalls.
Separately, pre-merger and post-merger intelligence are also indispensable components of a successful M&A deal. By leveraging advanced analytics and industry insights, KPMG enables leadership teams to gain a deeper understanding of market dynamics, competitor landscapes, and growth opportunities, empowering them to make strategic M&A decisions with confidence.
Additionally, KPMG’s comprehensive due diligence services provide critical insights into potential risks and synergies, enabling leadership teams to proactively address challenges and unlock value when making acquisition decisions.
As Bahrain and the GCC region continue to witness rapid economic development and increased investment activity, the demand for specialized advisory services remains at an all-time high. KPMG in Bahrain remains at the forefront of this evolving landscape, by strengthening and leveraging its deep industry knowledge, global network, and cutting-edge solutions to drive value and facilitate strategic growth initiatives for its advisory clients.
Jeyapriya Partiban, Partner, Head of Advisory, KPMG in Bahrain stated, “Effective due diligence, technical expertise and industry insights brings immeasurable impact to business leaders and is critical to the success of our clients’ M&A ambitions and strategy. We aim to bring a multidisciplinary approach and expert driven mindset to support our clients with insights across a range of value levers including M&A, pricing, operations, people (HR), digital and tech, sales and marketing and ESG to ensure that they can make well informed decisions.”
