05/23/2023 | Press release | Distributed by Public on 05/22/2023 16:36
Dubai, 23 May 2023 - FTI Consulting, Inc. (NYSE: FCN) today announced that its wholly-owned investment banking subsidiary, FTI Capital Advisors DIFC Limited ("FTICA"), 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, LLC
FTI Capital Advisors ("FTICA") is a global boutique middle market investment bank that specializes in M&A, 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).
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: financial, legal, operational, political & regulatory, reputational, and transactional. With more than 7,700 employees located in 31 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate, and overcome complex business challenges and make the most of opportunities. The Company generated $3.03 billion in revenues during fiscal year 2021. In certain jurisdictions, FTI Consulting's services are provided through distinct legal entities that are separately capitalized and independently managed. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.
FTI Consulting, Inc.
London EC1A 4HD
+44 20 3727 1000
Investor Contact: Mollie Hawkes
Media Contact: Helen Obi
+44 20 7632 5071
Source: FTI Consulting, Inc.