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Alkhazaleh Advisory

Europe • Middle East • Africa

Private deal origination for control acquisitions.

Alkhazaleh Advisory identifies potential majority and full-company sale opportunities in established industrial, manufacturing, engineering and technical B2B businesses across Europe, the Middle East and Africa.

We facilitate selective introductions between owners, professional advisers and prospective acquirers.

Discuss an opportunityFor introducers

Our focus

Transactions
Majority and full-company sale opportunities.
Sectors
Industrial, manufacturing, engineering and technical B2B businesses.
Markets
Europe, the Middle East and Africa.

Who we work with

  • Acquirers

    Corporate acquirers, private equity, family offices, search funds and independent sponsors with defined criteria for a majority or full-company acquisition.

    Information for acquirers

  • Business owners

    Owners considering the sale of all or a controlling stake in an established business, who want to explore it in confidence and without obligation.

    Information for business owners

  • Introducers and professional advisers

    Brokers, accountants, lawyers and other advisers who know of a relevant business, working with us on terms agreed in writing.

    Information for introducers

Our approach

Consent, confidentiality and fees are settled before anyone is introduced.

  1. Step 1: Identify

    Opportunities come from owners, their advisers and introducers, or from our own research. Each submission receives a reference number.

  2. Step 2: Review

    We assess relevance to our sector, size and geographic focus, and take reasonable steps to confirm identity, authority and headline information. This is not formal due diligence or an audit.

  3. Step 3: Obtain permission

    Nothing that identifies a business or a party is shared without consent, and information is normally released only under a confidentiality agreement.

  4. Step 4: Agree terms

    Our role and any success fee are agreed in writing before an introduction is made.

  5. Step 5: Introduce

    We introduce the parties. They negotiate and complete through their own lawyers, accountants and advisers; we do not give investment advice or execute transactions.

Portrait of Kareem Alkhazaleh, founder of Alkhazaleh Advisory

Founder

Kareem Alkhazaleh

Kareem Alkhazaleh founded and operates Alkhazaleh Advisory, and reviews every enquiry personally. His background includes investment analysis, financial modelling, valuation and private-equity screening.

Research

Independent analysis of publicly disclosed transactions, with sources and limitations identified.

Deal Signals / 01 · Transaction analysis

The anatomy of a 10.4× acquisition multiple.

By Kareem Alkhazaleh · Published

WSP’s acquisition of Ricardo: the bridge from equity value to enterprise value, the pro forma earnings denominator and the limits of headline valuation multiples.

10.4×

EV / EBITDA, pre-IFRS 16£363.1m enterprise value divided by £35.0m underlying EBITDA for the 12 months to 31 December 2024 (continuing operations, with the stated pro forma adjustments), as disclosed in the offer documents.9.4× on a post-IFRS 16 basis.

Independent analysis of a publicly disclosed acquisition, based on public sources. Alkhazaleh Advisory was not an adviser to WSP, Ricardo or any party to the transaction.

Read the analysis: The anatomy of a 10.4× acquisition multiple.

Begin a confidential discussion.

Tell us about a business, an acquisition requirement or an introduction you have in mind. Every enquiry is reviewed personally by Kareem Alkhazaleh.

Alkhazaleh Advisory works on a success-fee basis. Any fee is agreed in writing in advance and is payable only under those terms, if the relevant transaction completes.

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