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FTI Capital Advisors Assists e& on Its Acquisition of a Minority Stake in Bespin for $60 Million
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 acquisition of a minority stake in Bespin Global, a South Korean-based multi-vendor, public-cloud solutions and professional services provider for $60 million.
Under the terms of the agreement, e& has an option to increase its investment in Bespin Global within an 18-month period at the same valuation by injecting a further $60 million.
This transaction was conducted simultaneously with the creation of a joint venture between e& enterprise and Bespin Global to provide public cloud-managed and professional services in the Middle East, Turkey, Africa and Pakistan region.
Fede Membrillera, Senior Managing Director, Global Co-Leader of FTI Capital Advisors and Global Leader of FTICA’s Telecom, Media & Technology practice, commented: "We are delighted to continue supporting e& enterprise in its strategic growth and pursuit of opportunities. This transaction will enable our client to access best-in-class cloud assets and capabilities, which will help to cement its market-leading position in the advanced B2B solutions space.”
About
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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