GFH Capital S.A., the Saudi-based private equity arm of GFH Financial Group, acquired a controlling interest in the UK-based Harris Pye Engineering Group from KKR-backed Joulon Holdings
Construction
Mergers and Acquisitions
$100M
Nigeria, Saudi Arabia
2026
GFH Capital S.A., the Saudi-based private equity arm of GFH Financial Group, acquired a controlling interest in the UK-based Harris Pye Engineering Group from KKR-backed Joulon Holdings.
Finalized in late 2025, this transaction served as the flagship acquisition for GFH Capital's newly launched $100 million regional investment platform, which targets high-growth, scalable engineering and industrial assets aligned with Saudi Arabia’s Vision 2030.
Harris Pye brings a massive global footprint in marine, energy, and heat transfer engineering to the portfolio, making the deal subject to extensive cross-border regulatory scrutiny.
To successfully close the transaction, the parties had to secure formal clearance from the Saudi General Authority for Competition (GAC) as well as multi-jurisdictional anti-trust approvals, including a merger clearance from Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) facilitated by local legal counsel.
Advisory Team: Ozofu ‘Latunde Ogiemudia
Tobechi Nwokocha
Iheoma Sylvia Njoku
Oluwanifemi Akeju