FTI Capital Advisors Assists e& on Forming a Strategic Joint Venture with Bespin Global
Dubai, 7 June 2023 — FTI Consulting, Inc. (NYSE: FCN) today announced that FTI Capital Advisors (DIFC) Limited acted as financial advisor to Emirates Telecommunications Group Company PJSC ("e& enterprise") on its agreement with Bespin Global, a South Korean-based multi-cloud solutions provider, to form a joint venture (“JV”) called Bespin Global MEA. The company will provide public cloud managed and professional services in the Middle East, Turkey, Africa and Pakistan (“METAP”).
The JV between e& enterprise and Bespin Global will leverage the existing capabilities and customer relationships of both companies to support businesses across the METAP region in their digital transformation journey.
Fede Membrillera, Senior Managing Director, Global Co-Leader of FTI Capital Advisors and Global Leader of FTICA’s Telecom, Media & Technology practice, commented: "Through this agreement, e& enterprise will further strengthen its strategic ambition to play a key leading long-term role in the cloud solutions space.”
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This deal was performed by FTI Capital Advisors (DIFC) Limited (“FTICA Dubai”), an affiliate of FTICA. FTICA Dubai is regulated by the Dubai Financial Services Authority (“DFSA”), the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (“DIFC”), in Dubai, United Arab Emirates. FTICA Dubai is authorized to provide services to Professional Clients only; accordingly, this press release is intended for Professional Clients only, and no other person should act upon it.
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