BDO East Africa and Creed Capital join forces to provide Corporate Finance and Investment Banking services between the MENA region and East Africa.
BDO East Africa, member of BDO International which is the fifth largest accounting network in the world, and Creed Capital, the Beirut based Corporate Finance Advisory firm, have signed a strategic Joint Venture agreement leading to the creation of "Creed East Africa Ltd". The objective of this partnership is to facilitate further exchanges in the Business and Financial advisory sectors between the Middle East & North Africa (MENA) region and East Africa and the Indian Ocean region by passing through Mauritius.
Creed East Africa Ltd will operate out of two regional head offices based in Mauritius and Beirut respectively. It will focus on providing financial and business advisory services to customers interacting between both regions, in the areas of corporate development, mergers and acquisitions, corporate finance, regional partners' identification and capital placement transactions.
Alexandre Ziad Karkour, Founder and CEO of Creed Capital, is delighted about the prospect of this long term partnership with BDO: "We are confident that by coupling our established cross-regional expertise with BDO's regional presence, we would succeed in delivering highly innovative business advisory solutions to our existing clients in the MENA region, as well as to an expanding number of corporations, SMEs, investors and entrepreneurs, in both regions."
Afsar Ebrahim, Deputy Group Managing Partner of BDO Mauritius is equally enthusiastic about the potential of this partnership: "BDO has a reputation for delivering high quality client service in every territory in which it is represented. We are proud to join forces with this team of competent professionals to strengthen our footprint across the East African market."
The diversified services of BDO in the region, such as Accounting, Tax, Auditing, Advisory, Outsourcing and IT Services, when coupled with the remarkable cross regional business advisory expertise of Creed Capital, will allow the new company to offer its extended market base, a vast range of expertise and industry knowledge adopting the best practice techniques across the complete spectrum of business advisory lines.
About Creed Capital:
Creed Capital is a Strategic Consulting, Corporate Finance and M&A advisory firm with presence in Beirut, Paris and London, and a regional access across the EMEA. Creed Capital focus is serving leading companies and financial institutions across the EMEA region and beyond, and helping businesses in the lower and middle markets for all their growth challenges. Creed has consolidated its market knowledge and unrivalled network to consistently enhance opportunities for its clients. Its flexible yet disciplined approach bring the right skills to different business situations when and where they are required.
Beyond the MENA region, Creed Capital has been actively involved in Sub Saharan Africa since 2007. The firm currently manages exclusive mandates in over 12 countries across East Africa and West Africa, in sectors as varied as financial services , ICT, real estate and hospitality, light industries, as well as mining and natural resources.
About BDO:
BDO is an international network of public accounting, tax and advisory firms, which perform professional services under the name of BDO. These firms have representation in 151 territories, with almost 60,000 people working out of 1,328 offices worldwide.The fee income of the member firms in the BDO network, including the members of their exclusive alliances, exceeded $7 billion in 2014.
BDO East Africa, was admitted to the BDO network in 2009 and currently provides advisory services through its firms in Burundi, Ethiopia, Kenya, Mauritius, Rwanda, Tanzania and Uganda.
© Press Release 2015
