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  5. Oncost Cash & Carry Acquires Gulfmart Kuwait

M&A Deal Summary

Oncost Cash & Carry Acquires Gulfmart Kuwait

On November 28, 2018, Oncost Cash & Carry acquired retailer Gulfmart Kuwait

Acquisition Highlights
  • This is Oncost Cash & Carry’s 1st transaction in the Retail sector.
  • This is Oncost Cash & Carry’s 1st transaction in Kuwait.

M&A Deal Summary
Date 2018-11-28
Target Gulfmart Kuwait
Sector Retail
Buyer(s) Oncost Cash & Carry
Deal Type Add-on Acquisition

Target

Gulfmart Kuwait

Shuwaikh, Kuwait
Gulfmart Kuwait is a supermarket chain operating sixteen retail stores. Gulfmart was formed in 1999 and is based in Shuwaikh, Kuwait.

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Buyer(S) 1

Buyer

Oncost Cash & Carry

Sulaibiya, Kuwait
Category Company
Founded 2011
Sector Retail
DESCRIPTION

Oncost Cash & Carry is a retail store serving customers and professional businesses with locations in Sulaibiya, Hawally, Fahaheel, and Shuwaikh. Oncost Cash & Carry was formed in 2011 and is based in Sulaibiya, Kuwait.

DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Kuwait M&A 1 of 1
Year: 2018 M&A 1 of 1
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