UAE – Mubasher: Aliph Capital, an ADGM-based private equity manager, has acquired a 25% stake in SANIPEX Group, a leading homegrown lifestyle product supplier.
The investment follows Aliph’s recent commitment from Saudi Venture Capital (SVC) to its first fund, Aliph Fund I, backing its strategy to deploy capital in market-leading GCC companies.
SANIPEX provides high-quality bathroom, kitchen, surface, lighting, and outdoor solutions to retail, corporate, and trade customers across the GCC and beyond.
Huda Al Lawati, Founder and CEO of Aliph Capital, commented: “Whilst the BAGNODESIGN brand is poised for continued growth and new market entry, we also expect to see significant growth from the in-house developed BYSTRO kitchen appliance line and the company’s GYMKHANA outdoor furniture products.”
Daryl Barker, Founder and Group Managing Director of SANIPEX, said: “Looking ahead to 2025, we are excited about a number of key developments, including opening additional showrooms in the UAE and Qatar, as well as the launch of our new flagship Design Centre concept on Jumeirah Beach Road.”
“This new space will cater specifically to interior designers, developers, and the broader luxury sector. We are presenting a curated offering designed to continue elevating our offerings and delivering exceptional experiences across our entire portfolio," Barker added.
