Alpen Capital advises on key M&A deal
Doha, May 29, 2012
Alpen Capital Qatar together with The First Investor had advised on a complicated merger and acquistion transaction involving leading construction group Bin Omran Trading & Contracting Company (BOTC).
The duo said the deal involved structuring, negotiating and acquiring a 50 per cent stake from exiting shareholders in BOTC and simultaneously selling the stake to a new investor, Hectar Real Estate Investment (Hectar).
Alpen Capital had advised the Bin Omran Group and The First Investor, an unit of Qatar-based Barwa Bank, had advised the incoming investor, Hectar, on the transaction.
BOTC, founded in 1994 by the Bin Omran Group, is one of Qatar’s leading contracting companies (A-grade), specializing in road works and drainage related construction works and owns and operates Al Jazeera Asphalt, which produces hot mix asphalt and concrete used in pavements, roads, underpasses and even airfields.
"We are very happy with the new shareholding structure and hope with this impetus the business of BOTC will grow exponentially for years to come," remarked Omran Al-Kuwari, the managing director of BOTC.
BOTC has completed projects worth QR1.5 billion over the last five years.
"We propose to invest in human resources and machinery in order to enhance its project execution capabilities, as Qatar prepares to invest heavily in infrastructure projects over the next decade," he added.
“The First Investor has a strong track record of identifying and executing attractive investment opportunities for its clients and we are very pleased to have been able to successfully advise our clients on this exciting transaction” remarked CEO David Clarke.
Sanjay Bhatia, the managing director of Alpen Capital said, "We are delighted to have been a financial advisor on this complex transaction. We value our relationship with the Bin Omran Group and are privileged to have assisted them in successfully concluding this strategic transaction."
Alpen Capital began its Qatar operations in early 2008 and since then has been advising on mergers, acquisitions, joint ventures, private equity placements and debt advisory transactions to its clients in Qatar, GCC and India.
In addition to Qatar, Alpen Capital Group also has offices in Bahrain, India, Oman and AE.-TradeArabia News Service