Leading the Way in Saudi Arabia's Mergers and Acquisitions Landscape
Eurogroup Consulting, a management and strategy consulting firm established in 1982, has a wealth of global transaction advisory experience and our team has been operational in Saudi Arabia for around 10 years. With a legacy spanning over 40 years, we specialize in the long-term empowerment of our clients to seize competitive advantages and unlock the full potential of their ventures. Our global network, consisting of 3,000 consultants in 32 countries, offers unparalleled expertise in advising and supporting major enterprises through transformative strategies.
As a trusted advisor, we deliver a spectrum of tailored services and solutions designed to navigate the intricacies of M&A, assisting our clients in achieving their strategic objectives. Our deep-rooted understanding of the Saudi Arabian market, combined with a relentless pursuit of excellence, has solidified our reputation as a reliable partner for entities engaged in or aiming for deals. Our team, comprising skilled consultants from a range of specialist backgrounds, is equipped to address the multifaceted challenges of M&A activities. Whether supporting corporations in strategic acquisitions, guiding through complex regulatory landscapes, or aiding in seamless post-merger integrations, we are committed to enhancing operational efficiencies, fostering sustainable growth, and maximizing value for our clients in the thriving M&A sector of Saudi Arabia.
1982
Founded
3,000
Consultants Worldwide
10+ Years
Experience
in Saudi Arabia
250+
Logistics related projects
completed
13
Saudi provinces
covered by our
projects
98%
Client Repeat Rate
/ How we work
At Eurogroup Consulting, we believe in a collaborative and results-driven approach to help our clients succeed in Saudi M&A.
We Have Been Around
With 40 years experience, we know what to do and how to generate results for our clients
We Are Hands On
We are not afraid to get our hands dirty and work alongside our clients to develop and implement solutions
We Are Your Boots on the Ground
We are in the marketplace building and leveraging our networks and working to achieve results
We Have Deep Industry Expertise
We have executed over 250 projects across a range of industries. We know how your products and services work
We Are Long-Term Partners
We want to deliver your project successfully but it is more important to us to continue to work with you long after the final presentation
How We Help: Turning Market Intelligence into M&A Strategy in Saudi Arabia
At Saudi Mergers & Acquisitions Consulting, we deliver more than transaction data — we provide strategic insights that strengthen deal-making in the Kingdom’s fast-transforming economy. In this interview, Damien Duhamel, Managing Partner at Eurogroup Consulting, explains how we support investors and corporations with Vision 2030-driven M&A market intelligence, covering commercial due diligence, valuation drivers, competitive benchmarking, regulatory assessments, and post-merger integration insights.
With over 25 years advising private equity firms, conglomerates, and regional leaders, Damien highlights how our approach integrates Saudi M&A intelligence, sector-specific dynamics, and Vision 2030 priorities to shape successful deal strategies. From identifying acquisition targets and evaluating growth potential to navigating SFDA/SAMA/SAGIA regulatory pathways, our team helps clients capture opportunities in healthcare, logistics, manufacturing, technology, and consumer sectors.
This conversation offers a clear perspective on how Saudi Mergers & Acquisitions Consulting transforms complex market signals into actionable strategies for confident investment decisions across Saudi Arabia and the GCC.
/ Our Management Team
Our experienced management team brings a wealth of knowledge, expertise, and passion for driving growth and innovation to every project we undertake.
Damien Duhamel
Managing Partner
Damien Duhamel is the Managing Partner at Eurogroup Consulting and a seasoned advisor in corporate finance, private equity, and strategic investments across the Middle East and Asia. With more than 25 years of experience guiding global organizations through complex transactions, Damien specializes in mergers & acquisitions, joint ventures, market entry, and post-merger value creation—particularly within Saudi Arabia’s rapidly expanding investment landscape.
He has led numerous engagements involving financial and commercial due diligence, valuation, regulatory and compliance advisory, deal structuring, and strategic portfolio optimization. Damien works closely with investors, corporates, sovereign-linked entities, and family offices to assess opportunities, mitigate risk, and unlock value across the deal lifecycle. His expertise spans multiple sectors—industrial, healthcare, logistics, energy, mining, and technology—enabling him to support cross-sector deals with strategic and financial rigor.
Holding an MBA from Chicago Booth and a Master’s in Sustainability from Harvard University, Damien combines global financial expertise with practical insight into Saudi Arabia’s regulatory, economic, and investment environment. His multicultural career across Vietnam, Singapore, Australia, and the UAE strengthens his ability to advise on complex, cross-border M&A opportunities.
Key services provided by Damien Duhamel include:
M&A Strategy & Deal Structuring: Develop acquisition, divestment, and joint venture strategies aligned with investor and corporate objectives.
Financial & Commercial Due Diligence: Evaluate target performance, risk exposures, competitive dynamics, and long-term value creation potential.
Valuation & Investment Assessment: Build advanced models to assess deal economics, synergies, and funding structures.
Regulatory & Compliance Advisory: Navigate Saudi Arabia’s evolving legal, economic, and sector-specific regulatory frameworks.
Post-Merger Integration (PMI) Management: Support integration planning, synergy realization, operating model alignment, and governance setup.
Damien's recent market insights:
Whitepaper:
Boston in the Desert? Will Riyadh Rise as a Healthcare & Biotech Powerhouse?
The CEO Guide to KSA: Succeeding in Saudi Arabia's Era of Transformation
Opportunities for Supply Chain Transformation in the GCC
Recent Projects in Saudi Arabia led by Damien (M&A Focus)
Buy-Side Due Diligence for Acquisition of a Saudi Logistics Operator
JV Structuring for an International Industrial Equipment Manufacturer
Market Entry Strategy for a European Healthcare & MedTech Investor
Valuation & Synergy Model for the Merger of Two FMCG Distribution Companies
PMI Blueprint for a Newly Acquired Manufacturing Group
Investment Screening for a Sovereign Fund Expanding into Mining & Industrials
Damien’s ability to unite strategic insight, financial rigor, and regulatory fluency makes him a trusted advisor for investors and corporates pursuing high-impact transactions in Saudi Arabia’s fast-evolving M&A landscape.
Jack Fowler
Principal
Jack Fowler is a Principal at Eurogroup Consulting with more than a decade of experience advising on M&A transactions, investment analysis, and deal execution across global markets. He works extensively in Saudi Arabia’s dynamic investment environment, supporting corporates, private equity firms, and investors in navigating complex transactions with confidence and clarity.
Jack’s expertise spans due diligence, valuation, regulatory & compliance advisory, synergy modeling, and integration planning. He leads projects across joint ventures, strategic partnerships, and corporate finance initiatives—ensuring transactions are grounded in financial discipline and robust strategic rationale. Jack also guides clients through post-merger integration to realize operational synergies, align governance structures, and unlock long-term value.
His international experience across the UK, Saudi Arabia, UAE, Jordan, Singapore, Yemen, and Myanmar gives him a strong understanding of cross-border transaction dynamics and regulatory challenges.
Key services provided by Jack Fowler include:
Financial & Commercial Due Diligence: Analyze markets, competition, financials, and risks to support informed investment decisions.
Valuation & Synergy Modeling: Build valuation frameworks and quantify synergy potential for acquisitions and joint ventures.
Post-Merger Integration Advisory: Align operations, governance, processes, and teams to accelerate value capture.
Regulatory & Compliance Advisory: Navigate Saudi corporate laws, investment regulations, and sector-specific policies.
Market Entry & Expansion Strategy: Build acquisition-led market entry strategies for investors expanding into Saudi Arabia.
Jack’s combination of analytical rigor, cross-border experience, and strategic transaction insight makes him a valuable partner for investors and corporates executing deals in Saudi Arabia’s rapidly growing M&A ecosystem.
Nabil Ramadan
Director
Nabil Ramadan is a Director at Eurogroup Consulting with over a decade of experience advising on mergers & acquisitions, financial strategy, and regulatory compliance across the Middle East and Asia. His work spans due diligence, valuation, investment analysis, market expansion, and joint venture development—supporting clients as they navigate both growth opportunities and complex financial decision-making.
Nabil assists corporates, investors, and private equity funds in evaluating acquisition targets, conducting market surveys, assessing risk, and preparing integration plans. His expertise also includes legal & regulatory alignment, financial modeling, commercial analysis, and partner search across regulated sectors. Fluent in English, French, and Arabic, Nabil brings strong multicultural and analytical capabilities to cross-border Saudi transactions.
Key services provided by Nabil Ramadan include:
Due Diligence & Valuation: Conduct financial, operational, and commercial assessments for acquisition targets.
Legal & Regulatory Compliance Advisory: Support clients through licensing, regulatory filings, and Saudi investment approvals.
Strategic Investment Analysis: Build financial models and evaluate returns, risks, and deal feasibility.
Joint Venture Structuring & Partner Search: Identify, assess, and negotiate partnerships within Saudi Arabia’s investment environment.
Post-Merger Integration Planning: Support integration programs across financial, operational, and organizational dimensions.
Nabil’s financial expertise, regulatory understanding, and M&A experience help organizations make data-driven investment decisions and execute transactions that align with Saudi Arabia’s evolving economic environment.
Dian Kuncoro
Director, Digital Lab
Dian Kuncoro is the Digital Lab Director at Eurogroup Consulting and a specialist in technology-enabled M&A advisory. With over 12 years of experience applying digital tools to improve transaction outcomes, Dian supports clients in streamlining due diligence, enhancing transparency, and accelerating post-merger integration through digital workflows and analytics.
His expertise spans automating valuation models, building digital dashboards, enabling regulatory and compliance tracking, and deploying digital platforms that increase visibility during complex deals. Dian also helps organizations modernize operations post-acquisition through automation, digital governance frameworks, and systems integration.
He works closely with investors, private equity funds, and corporate strategy teams to ensure digital capabilities strengthen both deal execution and long-term value realization.
Key services provided by Dian Kuncoro include:
Digital Due Diligence & Data Intelligence: Build digital tools that enhance data accuracy, risk assessment, and decision-making.
Automation for Valuation & Deal Processes: Deploy systems that streamline financial modeling, document workflows, and compliance checks.
Technology-Enabled Post-Merger Integration: Integrate digital platforms, governance systems, and workflow automation across merged entities.
Regulatory & Compliance Monitoring Tools: Implement dashboards and AI-driven tools for ongoing regulatory adherence.
Market Intelligence & Digital Analytics Platforms: Develop tools that provide real-time insights into sector trends, competition, and deal opportunities.
Dian’s ability to merge data, digital platforms, and M&A strategy enables organizations to increase transparency, reduce risk, and accelerate value creation throughout the deal lifecycle in Saudi Arabia.
Damien Duhamel
M&A, Strategy & Market Expansion Expert in Saudi Arabia and the GCC
Who is Damien Duhamel?
Damien Duhamel is a Managing Partner at Eurogroup Consulting and a leading expert in M&A, market expansion and corporate strategy across Saudi Arabia and the GCC. With more than 25 years of consulting experience, Damien supports multinational corporations, regional champions, and private equity players in structuring and executing mergers, acquisitions, and strategic investments—closely aligned with the Kingdom’s transformation agenda.
Deeply engaged with Saudi Arabia’s evolving regulatory and economic landscape, Damien advises clients on end-to-end M&A processes, from target identification and due diligence to deal structuring, integration planning, and post-merger value creation. His deep sector expertise—spanning construction, building materials, industrial markets, and mobility—enables him to identify strategic acquisition targets, evaluate synergies, and optimize operational and financial performance.
With his dual focus on sustainability and execution, Damien helps clients navigate complex transactions while aligning with long-term national priorities. He brings global insight and regional knowledge to support successful deal-making in a fast-evolving GCC market.
Q: What is your methodology for market sizing and valuation in Saudi M&A deals?
A: We combine top-down sector and macroeconomic analysis (GDP trends, sector growth forecasts, Vision 2030 sector targets) with bottom-up financial modeling (company financials, comparable transactions, asset valuations, projected cash flow) using public data, industry reports, regulatory filings, and in-market interviews.
Q: How do you identify and evaluate potential acquisition targets or merger partners in Saudi Arabia?
A: We build longlists through company registries, industry networks, trade associations, and deal databases — then conduct rigorous screening via financial health assessments, track record reviews, business-model analysis, management interviews, and reference checks.
Q: What’s your approach to competitive benchmarking and target comparison in Saudi M&A?
A: We benchmark potential targets and peers across financial metrics (EBITDA, revenue growth, margins), business models, asset quality, market positioning, regulatory compliance, management quality, and strategic fit.
Q: How do you conduct stakeholder and corporate profiling in Saudi M&A?
A: We interview company management, founders, shareholders, key employees and, where applicable, regulators or major clients to assess governance, corporate culture, decision-making style, strategic priorities, and compatibility for integration.
Q: What is the typical duration of a Saudi M&A advisory or deal-sourcing project?
A: Depending on scope — target screening, due diligence, valuation, and structuring — projects commonly run 6–16 weeks. Larger or cross-sector deals may take longer.
Q: How large is the team assigned to a Saudi M&A project?
A: A senior partner leads the deal team, supported by financial analysts, sector experts, legal/regulatory specialists, and — where needed — local coordinators for stakeholder engagement, reference checks, and on-the-ground validation.
Q: Do you outsource any part of your M&A advisory work in Saudi Arabia?
A: Core analysis, valuation modeling, and deal structuring remain in-house. For specialized tasks — such as legal due diligence, tax advisory, regulatory compliance checks, or local market investigations — we collaborate with vetted law firms, accounting firms, and local advisors while overseeing all deliverables.
Q: Are interviews and stakeholder engagements conducted in Arabic or English?
A: Most engagements with local executives, founders, and regulators are in Arabic; final reports are translated and synthesized in English while preserving context and nuance.
Q: Can you provide a sample M&A report or case-study before engagement?
A: Yes — we share anonymized and sanitized sample reports to demonstrate our valuation methodology, diligence rigor, deal structuring, and post-merger integration recommendations.
Q: Do you sell ready-made M&A reports on Saudi companies or sectors?
A: No — all M&A research and advisory assignments are bespoke to the client’s strategic needs. Occasionally we publish whitepapers on transaction trends, valuation benchmarks, regulatory developments, or sector consolidation outlooks.
Q: Do you cover companies across all sectors and regions in Saudi Arabia?
A: Yes — we cover firms operating across sectors (industrial, energy, healthcare, logistics, consumer, tech, etc.) and geographies (Riyadh, Jeddah, Eastern Province, NEOM, regional centers), aligning with Vision 2030 sector priorities and growth areas.
Q: Have you worked with Saudi regulators, government bodies or state-owned enterprises (SOEs)?
A: Yes — including regulatory agencies, investment authorities, SOEs and government-related entities, for compliance advisory, regulatory approvals, state-owned stake evaluations, and structuring of privatization or public-private transactions.
Q: Do you collaborate with local law firms, accounting firms, or technical advisors when needed?
A: Yes — for legal due diligence, tax structuring, regulatory compliance, and sector-specific technical review, we partner with accredited Saudi firms while we lead the client relationship and deliverable oversight.
Q: Can you help us navigate Saudi regulatory, compliance, and legal frameworks relevant to M&A?
A: Yes — we map required regulatory approvals, sector-specific restrictions, foreign-ownership rules, licensing requirements, merger-control regimes, corporate governance expectations, and compliance risks.
Q: Do you conduct fieldwork such as site visits, management meetings, or stakeholder checks in Saudi Arabia?
A: Yes — including on-site visits to company premises or facilities (if relevant), in-person management interviews, reference checks with customers/suppliers, and stakeholder meetings as needed to validate operations and strategic fit.
Q: Do you offer success-based or performance-linked pricing for M&A assignments?
A: In select long-term or outcome-oriented mandates, we offer hybrid pricing — combining a fixed advisory fee with a success fee contingent on deal completion or value-creation milestones.
Q: Can you handle niche or complex M&A transactions (e.g. minority stake acquisition, carve-outs, cross-border deals, privatization, public-private partnerships) in Saudi Arabia?
A: Yes — our expertise covers minority acquisitions, carve-outs, joint ventures, cross-border M&A, privatization deals, infrastructure PPPs, and complex financial or regulatory structures.
Q: How do you ensure cultural sensitivity and effective stakeholder engagement in Saudi M&A context?
A: Our bilingual consultants and legal/regulatory experts adapt to Saudi corporate culture, business etiquette, language preferences, and stakeholder communication norms to ensure respectful and effective engagement.
Q: Will we receive interim updates during the engagement?
A: Yes — we provide weekly or bi-weekly progress reports including target screening status, due-diligence findings, risk assessments, valuation updates, and next-step recommendations.
Q: How do you protect client confidentiality and data security during M&A engagements?
A: We operate under strict NDAs, use encrypted data storage, role-based access controls, and strictly limit access to deal materials to the core project team.
Q: Can you help validate deal value, synergy potential, and integration feasibility for acquisitions or mergers in Saudi Arabia?
A: Yes — we run scenario analyses, synergy assessments, financial modeling, integration risk evaluations, regulatory impact studies, and post-merger value realisation planning, applying Saudi-specific market, legal, and cultural context.
Q: Which sectors in Saudi Arabia currently offer the most promising M&A or consolidation opportunities under Vision 2030?
A: Sectors with high potential include energy & renewables, healthcare, logistics & transport, mining & industrial metals, consumer goods & retail, digital economy/tech, infrastructure, and value-added manufacturing — all aligned with Vision 2030 diversification and privatization priorities.
Q: Can you support localization of deal materials, pitchbooks, and investor presentations for Saudi stakeholders?
A: Yes — we assist in tailoring pitchbooks, valuation decks, investor materials, transaction summaries, and communications to match Saudi business norms, language preferences, and stakeholder expectations.
Q: How do you access senior-level decision-makers, regulators, or investors in Saudi Arabia for potential M&A deals?
A: Through industry associations, investment councils, government-linked entities, regulatory networks, in-market advisers, and trusted referral networks to reach executives, regulators, investors, and SOE leadership.
Q: Do you provide post-deal support such as integration planning, regulatory compliance oversight, or change-management advisory?
A: Yes — we offer post-deal planning, regulatory compliance guidance, governance structuring, investor reporting frameworks, integration roadmaps, and change-management support to ensure deal success and value realisation.
/ Contact Us
We are always ready to help you and answer your questions