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

Tuesday, December 8, 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.”

1.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.”