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Dubai, 7th September 2012
Essdar Capital Limited and Essdar Capital Managers Limited announces management buy-out |
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Essdar Capital Limited (“ECL”) and Essdar Capital Managers Limited (“ECML”), both incorporated in the
Dubai International Financial Centre (“DIFC”) are pleased to announce the buy-out of ECL and ECML by
the existing management.
ECL and ECML will be pursuing necessary approvals from the Dubai Financial Services Authority (“DFSA”)
for continuation of the authorization from DFSA and will seek to complete necessary formalities with
DIFC shortly. (ECL and ECML together referred to as Essdar).
This is one of the first management buy-outs in the Middle-East of a specialist financial institution and
may change the trend of how financial institutions are owned and operated in the region. We are
grateful to our past shareholders and directors for their kind assistance and guidance which enabled
Essdar’s accomplishments.” said Mohammad Sotoudeh, CEO of Essdar.
Essdar is one of the leading specialist regional financial advisory, asset management and investment
firms. Essdar is one of the only regionally based financial institutions which has successfully completed
number of debt restructuring advisory transactions, sovereign advisory transactions, raised debt and
equity capital and successfully managed investments in Middle East distressed debt – achieving both
entry and exits globally and in the region. The management team of Essdar have completed more than
US$ 50 bln worth of debt restructurings in the Middle East, which very few firms can parallel in the
region.
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Dubai, October 2012
Essdar Capital Limited is appointed to advise the Government on Debt Optimisation |
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Essdar Capital Limited is pleased to announce its appointment by a Government in the GCC region to advise on debt optimisation strategy for a nationally important and strategic subsidiary.
Essdar has been mandated to complete a full review of the entity’s operations, cash flows and current and future commitments to provide a future solution for the future financing and refinancing needs to the subsidiary.
Mr. Mohammad Sotoudeh, CEO of Essdar said:
“We are really pleased to be working with the Government. Sovereigns have always been a core focus for Essdar. At Essdar, we have always prided on our debt capital markets expertise and our ability to bring innovative and out of the box solutions to the table for our clients. We really appreciate this opportunity and this is a strong testimony to our debt capital markets expertise and our clients’ confidence in them.”
About Essdar Capital Group
Essdar is one of the leading specialist regional financial advisory, asset management and investment firms. Essdar is one of the only regionally based financial institutions which has successfully completed number of debt restructuring advisory transactions, sovereign advisory transactions, raised debt and equity capital and successfully managed investments in Middle East distressed debt – achieving both entry and exits globally and in the region. The management team of Essdar have completed more than US$ 50 billion worth of debt restructurings in the Middle East, which very few firms can parallel in the region. |
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Dubai, November 2012
Essdar Capital Limited is mandated to act as “Financial Advisor” for a serviced accommodation project in Oman |
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Essdar Capital Limited is pleased to announce that it has been mandated to act as “Financial Advisor” to a US$ 125 million serviced accommodation project for a major development in Oman. Essdar is mandated to provide financial advisory including financial modelling for the Project and arranging of project finance.
About Essdar Capital Group
Essdar is one of the leading specialist regional financial advisory, asset management and investment firms. Essdar is one of the only regionally based financial institutions which has successfully completed number of debt restructuring advisory transactions, sovereign advisory transactions, raised debt and equity capital and successfully managed investments in Middle East distressed debt – achieving both entry and exits globally and in the region. The management team of Essdar have completed more than US$ 50 billion worth of debt restructurings in the Middle East, which very few firms can parallel in the region. |
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Media enquiries:
Essdar Capital Limited
Unit 1001, Level 10, Liberty House, DIFC.
PO Box 34339, Dubai, UAE
Tel: +971 4 37522 77
E-mail: info@essdarcapital.com
Web: www.essdarcapital.com |
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