Indian financial services company InCred Group has acquired Arrow Capital (DIFC), expanding its presence in the Middle East.
Financial terms of the transaction remain undisclosed.
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Arrow Capital, a boutique financial services firm based in Dubai, offers wealth and asset management as well as investment advisory services.
It caters to ultra-high net worth individuals (HNWI), corporate entities, families, and trusts.
The firm’s acquisition will boost InCred Global Wealth’s assets to more than $2bn.
Arrow Capital founder and CEO Rohit Nanani said: “Joining forces with InCred presents an exciting opportunity to leverage our combined strengths and offer an even more robust suite of services to our clients.
“InCred’s innovative approach and Arrow’s expertise across multiple financial domains create a powerful synergy that will drive growth and deliver exceptional value to our clients.”
The acquisition is said to enhance InCred’s capabilities in wealth management, investment banking, and asset management.
It is also said to expedite InCred’s expansion across various business lines and deepen its foothold in the Middle East and Africa.
Arrow Capital will be part of InCred’s global operations, enhancing its international reach with a new presence in Dubai, in addition to its offices in Singapore and London.
InCred founder and CEO Bhupinder Singh said: “The acquisition of Arrow Capital marks a significant milestone in InCred’s journey toward becoming a global leader in diversified financial services.
“Arrow’s deep understanding of the Middle Eastern and African markets, combined with its strong client relationships and broad service offerings, will significantly enhance our ability to serve the sophisticated needs of clients across various segments.”
