In January 2009, the Unicorn Global Private Equity Fund acquired a 70% equity stake in Bahrain Maintenance and Diving Services (BMDS), marking the Fund’s sixth investment to date.
Established in 1976, BMDS is a leading Bahrain oil and gas services company specialising in commercial diving, rigging, marine construction and fabrication. BMDS has grown to become one of the most experienced companies operating in its field with a long track record of servicing leading companies operating in the oil and gas sector in Bahrain. The company adheres to stringent safety regulations and has received several awards from its contract clients for employee health and safety awareness. In 2006, BMDS was named Best Contractor of the Year by Gulf Petrochemical Industries Co. (GPIC).