Our Expertise.

Trussbridge is built on substantial experience and knowledge in transaction structuring and execution. We capitalize on our team’s long-standing transactional and structuring expertise coupled with our profound understanding of regional markets to craft tailor-made solutions to meet our clients’ strategic needs and circumstances.

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Selected Transactions.

Built on key corporate finance principles and multi-disciplinary capabilities, our financial expertise caters to clients across a multitude of industries and sectors. Since inception, Trussbridge has successfully concluded a number of high profile transactions which have been recognized in the market.

Debt | Restructuring

Drake & Skull

  • Acted as the Sole Financial Advisor to Drake & Scull International PJSC (“DSI” or the “Company”) on the Capital Restructuring
  • Trussbridge carried out an extensive review of the Company’s operations and liquidity positions in order to formulate a comprehensive capital restructuring plan
  • Subsequently, Trussbridge supported the Company in the negotiations with the lenders and regulatory authorities, and worked alongside Sharia advisors on devising a sharia-compliant structure
  • Trussbridge led the capital restructuring process which resulted in:
    • Successful implementation of cram down procedure under the UAE Bankruptcy Law following the approval of creditors representing 66 2/3% of total liabilities
    • Write-down of financial and trade creditors balances amounting to AED3.8 bn
    • Innovative Wakala structure to issue Mandatory Convertible Sukuks amounting to AED365 mn
    • Capital increase of AED454 mn through an equity raise open to existing shareholders
  • Trussbridge successfully delivered the first ever major court-sanctioned restructuring under the Onshore UAE Bankruptcy Law

M&A | Buy-Side Advisory

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  • Acted as the Sole Financial Advisor to ALEC Engineering & Contracting LLC (“ALEC” or the “Acquirer”) on the acquisition of 100% stake of Target Engineering Construction Company LLC (“Target”) 
  • Trussbridge worked closely with ALEC to review and assess Target’s market positioning, business plan, historical performance, and legal status, followed by a comprehensive valuation analysis and submission of a non-binding offer
  • Subsequently, Trussbridge led the process with legal advisors to draft, negotiate and execute binding agreements followed by assisting ALEC in satisfying all conditions precedent for completion
  • Trussbridge also advised ALEC on funding options related to the transaction

Capital Markets Advisory | Mandatory Convertible Bonds Issuance

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  • Acted as the Sole Financial Advisor to Emirates Refreshments P.S.C. (“ERC”) on the issuance of up to AED300 million of Mandatory Convertible Bonds (“MCB”) that were offered to eligible shareholders and subsequently converted into shares at nominal value
  • Trussbridge worked closely with ERC to review and assess business strategy, identify, and evaluate executable funding options, and formulate a roadmap to deliver objectives
  • Subsequently, Trussbridge led the implementation of the MCB and worked alongside the legal counsel, receiving bank, Board of Directors, regulator, and the Dubai Financial Market to complete the transaction

Strategic Financial Advisory | Sell-Side Advisory

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  • Acted as the Exclusive Financial Advisor to Al Jaber Group and L.E.G.T. (the “Shareholders”) on the sale of 90% stake in Al Jaber L.E.G.T Engineering & Contracting LLC (“ALEC”) to Binaa Dubai LL
  • Trussbridge worked alongside ALEC and the Shareholders to: (i) identify and evaluate strategic options available to the Company, (ii) determine funding needs and available options, and (iii) perform an in-depth valuation reflecting market positioning and expected growth
  • Subsequently, Trussbridge led a controlled sale process and successfully completed the sale of a 90% stake in ALEC to a strategic financial investor despite unfavorable sector and market conditions

Strategic Financial Advisory | Sell-side Advisory

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  • Acted as the sole Financial Advisor to Hygienic Holding Group (the “Group”) and the Nuqul Family (the “Family”) on the sale of minority stake in the Group for US$225 million to a group of regional and international investors led by Standard Chartered Private Equity
  • Trussbridge worked alongside the Group and the Family to review and assess strategy and business plan, identify and evaluate executable strategic options and formulate a roadmap to deliver objectives
  • Subsequently, Trussbridge led a controlled M&A process focused on select financial investors, who were aligned with the Group’s strategic direction and objectives
  • Trussbridge also supported the Group in refinancing its banking facilities

M&A | Buy-Side Advisory

OMNIX

  • Acted as the Exclusive Financial Advisor to a Kuwaiti group (the “Acquirer”) on the acquisition of a 100% stake in Omnix International LLC
  • Trussbridge successfully crafted a transaction structure which delivered compelling financial terms to the Acquirer while minimizing its commercial risks

Debt | Refinancing

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  • Acted as the sole Financial Advisor to RDK Properties (the “Company”) on structuring a AED600 million facility to consolidate and refinance existing debt obligations
  • Successfully negotiated the refinancing and delivered a new facility optimizing the underlying security pool and freeing up capacity to fund future growth plans