Business support specialist, HFI-Ventures International, has formed an alliance to drive forward a new Corporate Finance Programme aimed at energy industry companies seeking finance to expand in new markets.
The initiative has been market-led as HFI-VI are frequently approached by investors in the Middle East region seeking technology orientated investments.
To facilitate this market demand HFI-VI has formed an alliance with energy industry corporate finance specialist, Alternative Energy Finance Ltd.
HFI-VI currently holds six investment mandates to source 40 million of funding for international clients and the new partnership will continue to focus on investments ranging from 3 million to 30 million.
HFI-VI will lead the initiative in Dubai with AEF concentrating on UK opportunities. In addition to established strengths in due diligence and private placements, the two firms see great benefit in providing a broader service to both existing and future clients and will undertake corporate finance engagements, deal structuring and capital raising for clients of both firms.
Founder and Managing Director of Alternative Energy Finance Ltd, Tim Peara, has more than 22 years experience in deal structuring, business development and the capital markets. He has worked extensively raising capital for, and advising on, the renewable, petroleum and power industries both in developed markets of USA, Canada and Western Europe as well as in the emerging countries of the Former Soviet Union, Africa and Latin America.
Tim Peara said: 'The UAE is one of the world's fastest growing economies and is firmly established as a strategically important investment centre.
'We're delighted to have such a well placed partner as HFI-VI to originate and help to raise capital for exciting new companies and we are equally keen to take new investment ideas to our London and European investor base.'
Hugh Fraser, Managing Partner of HFI-VI, added: 'We are very excited at being able to supplement our team with an established corporate finance boutique like AEF. Their strong focus on both traditional and renewable energy is highly relevant to the clients we draw from the Gulf States and the wider North African region and Indian subcontinent.
'HFI-VI is keen to work in co-operation with corporate finance advisors, venture capital companies and banks in strengthening the financing options available to technology based companies seeking to internationalise.'
The new alliance will be co-ordinated by recently appointed HFI-VI consultant, Alice Gartly, who previously held senior financial roles with Scotoil Group plc and BJ Services Ltd.
Alice has a wide knowledge of the oil and gas service industry and her strong commercial background includes extensive experience in Corporate Finance through mergers and acquisitions.
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Hugh Fraser International (HFI) was established in 2003 by Hugh Fraser, former Group Head of Legal Services at John Wood Group plc, one of the UK's largest energy service companies.
Based in Dubai, United Arab Emirates and Aberdeen, Scotland, HFI and its sister business support consultancy, Ventures International, has a team of 12 legal consultants and 12 business consultants drawn from the international energy and water sectors.
In addition to corporate and commercial legal services, HFI-VI also offers expertise on joint ventures, Dubai real estate, executive employment contracts, technology licensing and protection, brands and trademarks and dispute resolution.
Hugh Fraser is a director of S P Wahi Management and Technology Consultants in New Delhi, India, which specialises in supporting the internationalisation of advanced technologies and know-how to the Middle East and Indian sub-continent.
Issued on behalf of Hugh Fraser International by Stephen Rafferty Media.
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© Press Release 2006
