DUBAI – In recognition of its continued leadership in the mergers and acquisitions (M&A) industry in the region, Euromoney named Barclays Best M&A House in the Middle East for the period covering the past 12 months.
The award, which was announced during Euromoney’s global Awards for Excellence 2013, is considered to be among the most prestigious awards for banking excellence in the region.
During the period, Barclays successfully executed multiple transformational M&A deals including the largest public tender offer in the GCC.
Barclays also acted as Financial Advisor to OCI N.V. on its $9 billion offer to acquire all outstanding Global Depository Receipts (GDRs) and ordinary shares in Orascom Construction Industries – the largest M&A transaction in the Middle East since 2007 and also acted as sole Financial Advisor to Qatar Holding on the Sovereign Wealth Fund’s $1.4 billion acquisition of a 20 percent stake in FGP Topco Ltd. (parent company of Heathrow Airport Holdings Limited) as well as Qtel’s Financial Advisor on its $1.8 billion acquisition of all outstanding shares in Wataniya Telecom.
Commenting on the award, Makram Azar, Vice Chairman, Investment Banking Division, Barclays PLC, said: “We are delighted to be recognized by such a prestigious industry award for the quality of advice provided on landmark deals within the Middle East. This award recognizes the depth of our regional and global capabilities as it underlines the strength of our franchise and demonstrates our commitment to providing our clients with comprehensive bespoke solutions.”
In 2012, Barclays was ranked number one M&A advisor in the Middle East by Bloomberg and is also the leading provider of tailored advisory solutions, advising on multiple cross border Middle East M&A deals including three multibillion dollar landmark transactions. — SG