Arqaam Capital advises on the successful Private Placement of FTC and FPT

Arqaam Capital acted as the Sole Lead Manager and Financial Adviser on the private placement of Federal Transformers Company and Federal Power Transformers.

Dubai, UAE, 8 December 2015 - Arqaam Capital ("Arqaam"), the specialist emerging markets investment bank, today announced that it acted as the Sole Lead Manager and Financial Adviser on the private placement of Federal Transformers Company ("FTC") and Federal Power Transformers ("FPT").  FTC and FPT, both based in Abu Dhabi, are leading manufacturers of distribution and power transformers.

Abdulla Nasser, Chairman of FTC and FPT, said: "FTC and FPT were set up with the vision of creating GCC based world class facilities for manufacturing of transformers that can cater to the requirements of the most demanding customers. Today the companies are leading manufacturers of distribution and power transformers in the GCC and the brand has become a symbol of quality, reliability and performance. The management of FTC and FPT would like to thank Arqaam for its support during the transaction."

C. S. Badrinath, CEO of The Zubair Corporation, said: "The investment made in FTC and FPT provides us with a high quality manufacturing platform with a recognized brand and access to significant intellectual property. This cross border transaction strengthens the cooperation and economic ties between GCC countries as well as our commitment to our strategic goal of becoming a leading player in the GCC transformer market."

Tarek Lotfy, Senior Executive Officer of Arqaam Capital, said:  "As an emerging markets investment bank, we specialize in facilitating capital flows into rapidly growing and dynamic markets, such as the UAE.  Our understanding of both the local market and the dynamics of the industry has allowed us to assist the management of FTC and FPT in successfully achieving their goal."

Rony Jawhar, Head of Equity Capital Markets at Arqaam Capital, commenting on the transaction: "Our ability to place the deal amidst challenging market environment is a testament to our strong distribution platform and execution capabilities. We are pleased to have played an instrumental role in the successful closure of the transaction."

About Arqaam Capital:
Arqaam Capital is a specialist emerging markets investment bank, bringing regional and international product offerings to the emerging markets. Arqaam Capital combines international best practice with expertise in the markets in which we operate. Our primary role is to provide financial intermediation and create investment opportunities for emerging markets investors looking to invest in their own markets and abroad, as well as international investors seeking opportunities in target emerging markets.  Arqaam Capital operates out of three hubs, namely the Dubai International Financial Centre (DIFC), Cairo and Johannesburg. Arqaam Capital has ten business lines - Corporate Finance, Asset Management, Cash Equity, Credit Trading, Equity Derivatives, Capital Markets Advisory, Infrastructure, Principal Finance, Treasury and Custody. In addition, Arqaam provides in-depth research on 260 listed Middle East and Africa (MEA) companies across 26 countries and a wide-range of sectors, including the largest global coverage of MENA equities.

About FTC and FPT:
FTC, based in Abu Dhabi, is a leading manufacturer of distribution transformers and related products such as packaged substations, transformer tanks and radiators. The company is ISO 9001 certified and its products have passed type tests with respect to design verification in independent third party laboratories in Europe.

FPT, also based in Abu Dhabi, is a reputed manufacturer of power transformers and operates a comprehensive repair facility for the refurbishment of transformers and overhaul of tap changers. Its facilities comprise an ISO certified fully integrated plant.

About The Zubair Corporation:
The Zubair Corporation LLC, headquartered in Oman, is a leading multinational business conglomerate comprising around 60 companies, which operate across a number of industry sectors, including Energy & Logistics, Engineering, Construction & Contracting (ECC), Real Estate & Hospitality, Financial Services, Manufacturing, and Automotive. 

For more information, please contact:
Arqaam Capital
Mohamed El Khalouki,
Tel: +971(0)4 507 1912,
Edward Moore,
Tel: +971 4 446 6270,

© Press Release 2015

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