FTI Capital Advisors Further Assists e& on Acquisition of Majority Stake in Beehive
Dubai, 23 May 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&”) on its acquisition of Beehive Group Holdings Limited (“Beehive”), the first Dubai Financial Services Authority-regulated online marketplace for peer-to-peer (“P2P”) lending to small and medium-sized enterprises (“SMEs”) in the Middle East and North Africa region.
Beehive is a crowdfunding lending platform that seamlessly connects SMEs in need of funding with creditworthy investors, both private and institutional, using innovative technology. The acquisition, which reflects e& commitment to growth in the United Arab Emirates and the wider region, will enable Beehive to expand its offerings.
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 transaction e& has demonstrated its commitment to expanding in the fintech space to support the financing needs of SMEs. We are pleased to have had the opportunity to leverage our decade of M&A experience in the fintech space to support e&’s strategic objectives.”
About FTI Capital Advisors
FTI Capital Advisors (“FTICA”) is a global boutique middle market investment bank that specializes in M&A advisory, capital raising, valuation and opinions, and special situations mandates across targeted industry sectors – including deep credentials in the media and entertainment sector, as well as in the energy, real estate, healthcare, and industrial sectors. Backed by the power of FTI Consulting’s worldwide network of professionals, FTICA combines deep industry expertise with investment banking and transaction execution experience to deliver value-enhancing outcomes for our clients. FTICA is registered with FINRA in the United States and engages in securities transactions pursuant to that registration. In non-US securities transactions, FTICA may be required to work with securities dealers registered in other countries. FTI Capital Advisors, LLC (member FINRA/SIPC) is the wholly-owned investment banking subsidiary of FTI Consulting, Inc. (NYSE: FCN).
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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Source: FTI Consulting, Inc.
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