Sale of USD 750 Mn International Diamond & Jewellery Portfolio of a Global Bank
A Global bank in its strategy re-alignment decided to exit its International Diamond & Jewellery business which was in Dubai, Hong Kong and India.
This business was extremely specialized with very limited number of participants itself.
Arete worked with the client in the successful sale of the business.
Arete conducted IDJ Portfolio Analysis Dubai, Hong Kong & India
Strategic Options Presented to Client Board
India Chosen by Board as focus country
Arete conducted Business Alignment & Sale Preparation
Successful Exit Delivered
Key Challenges
Challenges
- Extremely niche segment
- Limited buying interest
- Business Embedded withing Corporate Banking which was not being sold.