M&A advisory services in Kuwait

Kuwait's M&A market is shaped by family-office capital, regional GCC strategics and a growing pipeline of cross-border acquisitions across food delivery, fintech, logistics and consumer apps.

The Talabat and Carriage acquisitions by Delivery Hero are the headline exits, but a broader base of Kuwaiti-origin companies including Justclean and Cashew are building businesses that appeal to regional and international acquirers.

Flow advises both bootstrapped and venture-backed Kuwaiti founders on M&A exits, bringing a strong PE and strategic acquirer network, lean end-to-end process management and KPI-driven preparation that positions the business credibly for regional and international buyers from the first conversation.

Kuwait tech M&A deals in the last 12 months

Kuwait median tech M&A valuation

Kuwait median tech M&A revenue multiple

Kuwait biggest tech acquisition in the last 12 months

Selling your tech company in Kuwait

Kuwaiti M&A involves significant cross-border and family-office participation. Most material Kuwaiti exits involve international acquirers; the offshore holding structure shapes deal mechanics.

International deal mechanics

Kuwaiti private M&A typically uses international documentation when an offshore holding entity is the seller. Both locked-box and completion accounts are used.

W&I insurance is emerging

W&I insurance is becoming more common in Kuwaiti deals above roughly USD 25M, particularly in cross-border transactions. Premiums (around 2-3% of cover) typically split between buyer and seller.

Capital Markets Authority and Ministry of Commerce

Listed-target transactions require CMA approval. Sector-specific Ministry of Commerce approvals may be required for foreign acquirers in scoped sectors. Most pure-tech deals operate without sector-specific approval.

Capital gains for founders

Kuwait-resident individuals do not pay personal income tax or capital gains tax on share disposals. Kuwait-resident corporate sellers may face 15% corporate income tax on disposal gains for foreign-owned shares.

Sectoral foreign ownership

Specific Kuwaiti sectors (financial services, telecoms, defence) have foreign ownership caps and approval requirements. KDIPA licensing can override sectoral caps in some cases.

Cross-border tax considerations

Many Kuwaiti companies have founders or shareholders tax-resident in other jurisdictions. The post-tax outcome of a Kuwaiti exit can be materially shaped by the holder's home-country tax treatment.

Recently acquired tech companies in Kuwait

Disclosed M&A deals in Kuwait in the last twelve months, ranked by valuation.

See all M&A deals in Kuwait

	Logo		HQ	Description	Buyer
Jan-26		Bookr		Bookr is a platform for booking beauty services from nearby salons, barbers, spas, and freelance makeup artists. Providers access SaaS tools for appointment scheduling, inventory tracking, and financial management. The service operates in multiple cities, emphasizing home-based and on-demand options.	Glamera	-	-

Who is buying tech companies in Kuwait?

Glamera, National Bank of Kuwait are the most active acquirers in Kuwait.

See all acquirers in Kuwait

Logo		HQ	Description	Key acquisitions
	Glamera		Glamera is a Cairo-headquartered SaaS platform for beauty and wellness businesses in the Middle East. It powers salons, spas, and gyms with booking systems, inventory management, marketing tools, and HR features. The white-label option allows branded websites, while Glamera Pay enables SoftPOS payments. Deployed in Egypt, UAE, and Saudi Arabia, it integrates with delivery apps for home services.	Bookr	1
	National Bank of Kuwait		National Bank of Kuwait SAK is a financial institution. The company's operating segment includes Consumer Banking, Corporate Banking, NBK Wealth, Islamic Banking, Group Centre, and International Banking. The company generates maximum revenue from the International Banking segment. The International Banking segment provides diversified products and services including lending, deposits, trade finance, etc. to corporate and individual customers. Geographically, it derives a majority of its revenue from Kuwait and also has a presence in the Middle East and North Africa; Europe and UK, and Other Countries.	UPayments	1

Public tech companies in Kuwait

Advanced Technology Company is Kuwait's largest publicly listed tech company, with a market cap of $333M.

See all public companies in Kuwait

Logo		Description	Sectors
	Advanced Technology Company	Advanced Technology Co KSCC is a medical equipment supplier to the Kuwait healthcare sector. Some of the services provided by the company are - Diagnostic imaging, Laboratory environmental management and Automation, Medical & surgical O.R solutions, Healthcare manpower services, and more. The firm operates in one business segment namely trading, installation, and maintenance of medical and healthcare-related products. It also engages in constructing, managing, and possessing hospitals, medical centers, clinics, and specialized labs. In addition, the firm offers a pharmacy license, and home care services.	Medical Devices	$1.88	-	$333M	$981M	-

Why Flow Partners as your M&A advisor

We operate across four fundamental principles that over the years enabled us to successfully advise many Kuwaiti companies.

Access to relevant buyers

We have extensive network and direct access to world's most prominent financial and strategic buyers, cultivated through years of successful M&A track record across bulge bracket investment banking.

No corporate red tape

We run lean deal processes, without BS, unnecessary time-wasting efforts and corporate inefficiencies. Our approach values candor, transparency and high-impact work to make sure great deals get done.

Thorough preparation

KPI-driven storytelling is more art than science. We have unmatched understanding of digital businesses and are experts in building sharp equity stories that present your business in a clear, concise manner.

Optimize value, not valuation

Valuation is only one side of the medal. We help creating attractive and efficient transaction structures that bridge incentive gaps between sellers, buyers and management teams.

We provide M&A advisory services across Kuwait and beyond

Sector expertise

Explore our M&A advisory offering across a variety of tech sectors in Kuwait.

Software

Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity

AI & ML

Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting

Fintech

Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software

Consumer internet

Consumer software subscription platforms, edutech, online content, social networks, online dating

Digital media

Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR

E-commerce & marketplaces

Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms

Consumer products

Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products

Mobility

Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure

Digital health

Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS

Industrial technology

Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing

Digital infrastructure

Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS

IT services

Software development and testing, digital transformation, cloud services, advertising agencies, IT support services

Selected case studies

We've closed sell-side and buy-side transactions across European, US and emerging-market tech.

Our M&A track record spans strategic exits to corporate acquirers, PE buyouts, and cross-border deals where regulatory and structuring complexity actually matters.

See all case studies

We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.

Recently completed M&A advisory projects

Selected M&A transactions and prior deal experience.

M&A

Polish publicly listed diversified industrial firm

M&A

German email marketing software platform

M&A

German software testing provider

M&A

Leading provider of testing, inspection, and certification services

M&A

Spanish neobanking platform for Gen Z and Millennials

M&A

Online price comparison and booking platform for rental cars

M&A

Digital testing, cybersecurity, content and digital forensics provider

M&A

Online casual dating platform for curious individuals

M&A

European DAM software provider

M&A

$3bn acquisition by Blackstone. Family of online dating brands (Badoo, Bumble, Chappy, Lumen).

M&A

€135m acquisition by Takeaway. Leading B2B online food delivery platform in Israel.

M&A

€80m acquisition by Zur Rose. Online e-commerce platform for pharmacy, beauty and wellness.

M&A

$200m acquisition by EMK. World's largest data collection and transformation platform.

M&A

Acquisition by ProSiebenSat.1 / General Atlantic. Online marketplace for household products and services.

M&A

€300m acquisition by Oakley Capital. Leading European online matchmaking platform.

M&A

Acquisition by Axel Springer. Leading Israeli online classifieds platform (jobs vertical).

M&A

$800m acquisition by Adobe. Marketplace for royalty-free images, graphics and HD videos.

M&A

€80m acquisition by Lifull. Spanish vertical search engine for real estate, cars and jobs.

M&A

Acquisition by Oakley Capital. Italy's largest online car insurance, gas and electricity brokerage.

Strategic Advisory

Strategic advisory. Cashless mobile taxi app connecting passengers to nearby taxis.

M&A

Acquisition by IAC. Digital social media platform for Q&A.

M&A

$228m acquisition by Axel Springer. Israel's leading classifieds and advertising portal.

M&A

Acquisition by Quant. Turkish membership-based daily deals site.

M&A

€320m acquisition by Bonnier. Pay television company across the Nordic region.

Minority Acquisition

€290m minority acquisition by News Corp. German direct broadcast satellite Pay TV (DACH).

M&A

€3.2bn acquisition by ProSiebenSat.1. European media group (TV, radio, print).

M&A

€3.1bn acquisition by KKR and Permira. German mass media and digital company.

Got questions?

Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.

Unlike traditional M&A advisors, we truly understand tech businesses and the unique challenges they face. Our investment banking background combined with deep sector expertise allows us to build compelling equity stories and navigate complex transactions.

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M&A advisory services in Kuwait