Mergers & Acquisition
Deal Type | Merger & Acquisition – Corporate Advisor to the Acquirer |
Target | Nanda Investment and Finance PLC, Sri Lanka |
Acquirer | BRAC Lanka Investment (Pvt.) Ltd., Sri Lanka a subsidiary of BRAC International and LOLC Finance Limited, Sri Lanka. |
Industry /Sector | Financial Institution |
Corporate Advisor | BRAC EPL Investments Limited |
Transaction Summary | Corporate advisory for 90 % acqusition of Nanda Investment & Finance PLC, Sri Lanka by BRAC Lanka Investment (Pvt.) Limited, a subsidiary of BRAC International and LOLC Finance Limited, Sri Lanka. |
BEIL's Value Addition to the Transaction | Performing buy-side advisory services related to the acqusition process (financial valuation, technical, financial & legal due-diligence, structuring the transaction, and preparation & co-ordination of all documentations required for the acquisition). |
Date | June 2013 |
Deal Type | Merger & Acquisition – Corporate Advisor to the acquirer |
Target | Documenta TM Limited |
Acquirer | BRAC Bank Limited |
Transaction size/amount | BDT 61.2 million |
Industry /Sector | Information Technology |
Corporate Advisor | BRAC EPL Investments Limited (BEIL) |
Transaction Summary | Corporate advisory for 51 % acqusition of Documenta TM Limilted by BRAC Bank Limited to form a new IT company- BRAC IT Services Limited. |
BEIL’s value addition to the transaction | Finding prospective sellers for the investor & performing all buy-side advisory services related to the acqusition process (financial valuation, technical, financial & legal due-diligence, structuring the transaction, and preparation & co-ordination of all documentations required for the acquisition). |
Date | October 2012 |
Deal Type | Merger & Acquisition – Corporate Advisory to the target |
Target | BRAC Bank Afghanistan |
Acquirer | The Azimi Group |
Transaction size/amount | USD 3.2 million |
Industry /Sector | Banking / Financial Institutions |
Corporate Advisor | BRAC EPL Investments Limited (BEIL) |
Transaction Summary | Corporate advisory for the sale of a foreign commercial bank by an international investor. |
BEIL’s value addition to the transaction | Finding prospective strategic investor/buyer for the company & performing all sell-side advisory services related to the acqusition process (financial valuation, technical, financial & legal due-diligence, structuring the transaction, and preparation & co-ordination of all documentations required for the acquisition). |
Transaction Title | Mergers & Acquisition |
Company | Marico Bangladesh Limited |
Transaction size/amount | 270,000000 |
Closing Date | March, 2005 |
Industry /Sector | Acquisition of leading FMCG & Cosmetics Company |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | N/A |
Transaction Summary | |
BEIL's value addition to the transaction |
Transaction Title | Mergers & Acquisition |
Company | Marico Bangladesh Limited |
Transaction size/amount | 90,000,000 |
Closing Date | March, 2005 |
Industry /Sector | Acquisition of leading FMCG & Cosmetics Company |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | N/A |
Transaction Summary | |
BEIL's value addition to the transaction |
Debt Syndication & Corporate Advisory
Arrangement of syndicated term loan
Dhaka stock exchange limited
Deal Type | Arrangement of Syndicated Term Loan; & Working Capital Facility |
Company | Apex Pharma Ltd. |
Transaction size/amount | BDT 680 million |
Industry /Sector | Pharmaceuticals |
Lead Arranger | BRAC EPL Investments Limited (BEIL) |
Transaction Summary | Arrangement of BDT 500 million syndicated term loan facility; and BDT 180 million working capital facility for BMRE expansion of Apex Pharma Ltd. |
BEIL’s value addition to the transaction | Structuring the appropriate facility, establishing a syndicate of financiers, and co-ordinating completion of all facility and security documentations. |
Date | September 2012 |
Transaction Title | Capital Raising (Primary Market) |
Company | National Finance Limited |
Transaction size/amount | BDT 210,000,000 |
Closing Date | December 2011 |
Industry /Sector | Non-Banking Financial Institution |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | N/A |
Transaction Summary | The company provides financing for various industrial and commercial purposes. Proceeds will be used to meet the minimum capital adequacy requirement (CAR) of BDT 100 Crore set by the Bangladesh Bank under BASEL II. The company will utilize the fund in its usual course of business, i.e. investment and lending. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Capital Raising, Submission of Application to SEC, Coordination with External Parties, Negotiations and Closure. |
Transaction Title | Corporate Advisory & Capital Raising |
Company | FARR Ceramics Limited |
Transaction size/amount | BDT 150,000,000 |
Closing Date | December 2011 |
Industry /Sector | Ceramics (Tableware Exports |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | N/A |
Transaction Summary | FARR Ceramics is a Export Oriented company producing ceramic tableware. The company started its commercial production from March 2007 with an installed capacity of 37,200 pieces per day. The Company intends to increase its production capacity to 75,000 pieces per day, surpassing the largest producer of porcelain ceramics in Bangladesh. It has already imported new machinery for the expansion plan and expects to roll out production from mid March of 2012. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Equity & Debt Financing, Compliance to Regulatory Conditions for Raising Capital, Preparation for IPO |
Issue Management
Transaction Title | Corporate Advisory and IPO of Bond Issue |
Company | Ashuganj Power Station Company Limited |
Transaction size/amount | BDT 1,000,000,000 |
Closing Date | January 2020 |
Industry /Sector | Power Generation |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Agrani Equity & Investment Limited BLI Capital Limited BMSL Investment Limited GSP Investments Limited Janata Capital And Investment Limited LankaBangla Investments Limited NBL Capital & Equity Management Limited Prime Bank Investment Limited Rupali Investment Limited |
Transaction Summary | Ashuganj Power Station Company Limited is one of the largest power stations in Bangladesh, having a capacity of about 17.82% (as on 01 November, 2016) of total electricity generation capacity in the public sector of the country. At present, the total capacity of its ten (10) units is 1,861 MW. As part of the Power Sector Development and Reform Program of the Government of Bangladesh (GoB), Ashuganj Power Station Company Limited (APSCL) has been incorporated under the Companies Act 1994, on June 28 2000. Purpose of Transaction: To finance expansion of installed capacity (400 MW) Ashuganj CCPP East plant amounting to BDT 4,500 million and working capital |
BEIL's value addition to the transaction | Capital Structuring, Due Diligence, Valuation, Advisory on Price Sensitive Information & Regulatory Compliance, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Initial Public Offering |
Company | Generation Next Fashions Limited |
Transaction size/amount | BDT 300,000,000 |
Closing Date | December 2012 |
Industry /Sector | Textile and Apparel |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | BMSL Investment Limited BANCO Finance and Investment Limited Royal Green Capital Market Limited PLFS Investments Limited BRAC EPL Investments Limited |
Transaction Summary | Initial Public Offering of 30,000,000 ordinary shares of Tk.10/- each at par totaling to Tk. 300,000,000. The issue was 17.21 times over-subscribed. IPO proceeds raised to repay outstanding loan of the company. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure |
Transaction Title | Initial Public Offering |
Company | Unique Hotel & Resorts Limited (The Westin Dhaka) |
Transaction size/amount | BDT 1,950,000,000 |
Closing Date | June 2012 |
Industry /Sector | Hospitality |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Green Delta Insurance Company Limited Eastern Bank Limited Sandhani Life Insurance Company Limited Royal Green Capital Market Limited |
Transaction Summary | Initial Public Offering of the first Private Sector 5 star Hotel in Bangladesh. The company owns "The Westin Dhaka", a 241 keys five star hotel in Bangladesh. Its commercial operation began on 1st July 2007 under management agreement with Westin Asia Management Co. (subsidiary of Starwood Hotel and Resorts Worldwide Inc.). IPO proceeds raised to finance the construction of three new five star and seven star hotels in Dhaka. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure |
Transaction Title | Initial Public Offering |
Company | RAK Ceramics (Bangladesh) Limited |
Transaction size/amount | BDT 2,056,480,000 |
Closing Date | July 2010 |
Industry /Sector | Ceramics |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | ICB Capital Management Ltd. Prime Bank Ltd. Trust Bank Ltd. Eastern Bank Ltd. Southeast Bank Ltd. Lanka Bangla Finance Ltd. Prime Finance & Investments Ltd. Bangladesh Mutual Securities Ltd. Green Delta Insurance Co. Ltd. BRAC EPL Investments Limited IDLC Finance Ltd. |
Transaction Summary | The First Initial Public Offering under the Book Building Method RAK Ceramics is engaged in manufacturing and marketing of ceramics tiles, bathroom sets and all types of sanitary ware. It started its commercial production on November 12, 2000. IPO proceeds were used to repay the company's outstanding long term and short term bank loans. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure |
Transaction Title | Initial Public Offering |
Company | Marico Bangladesh Limited |
Transaction size/amount | BDT 269,797,500 |
Closing Date | August 2009 |
Industry /Sector | FMCG & Cosmetics Company |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | ICB Capital Management Limited Prime Finance & Investment Limited Green Delta Insurance Company Limited LankaBangla Finance Limited IDLC Finance Limited Equity Partners Limited |
Transaction Summary | The leading Fast Moving Consumer Goods & Cosmetics Company in Bangladesh & the only company to exercise the green shoe option during IPO. The company is a subsidiary of Marico Limited, India and is the manufacturer and marketer of well known consumer brands like Parachute, Parachute Beliphool, Aromatic, Camelia, Hair Code, Parachute Advansed. It went into commercial operation on January 30th, 2000 with its flagship brand “Parachute Coconut Oil”. Currently it holds 72% market share of the branded coconut oil market in the country. The proceeds of the IPO wee used for repaying its long term loan with Citibank N.A. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure |
Transaction Title | Initial Public Offering |
Company | National Housing Finance and Investments Limited |
Transaction size/amount | BDT 50,000,000 |
Closing Date | September 2008 |
Industry /Sector | Non-Banking Financial Institution |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | National Bank Limited National Life Insurance Company Limited United Commercial Bank Limited Sadharan Bima Corporation Pragati Insurance Limited |
Transaction Summary | IPO 72 times Oversubscribed by Investors. The company provides home mortgage loans for self-construction of own homes, purchase of apartment or house, renovation of existing house/apartment, housing plots purchase, and commercial space and chamber for professionals, as well as project mortgage loans for property development. The proceeds were used to strengthen the capital base of the Company and thus the ability to augment business expansion. The funds raised through the public issue would be generally used for investment and lending. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure |
Transaction Title | Initial Public Offering |
Company | International Leasing and Financial Services Limited |
Transaction size/amount | BDT 112,500,000 |
Closing Date | July 2007 |
Industry /Sector | NBFI ( Non-Banking Financial Institution) |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | BRAC EPL Investments Limited South East Bank Limited Green Delta Insurance Co. Ltd Pragati Insurance Limited |
Transaction Summary | ILFSL provides financing for industrial and commercial purposes and accepts deposits on various investment schemes. The fund raised through this public issue was used for compliance of relevant statutory requirements, investment and lending. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure |
Transaction Title | Initial Public Offering |
Company | The Premier Bank Limited |
Transaction size/amount | BDT 844,995,000 |
Closing Date | March 2007 |
Industry /Sector | Banking |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | ICB Capital Management Limited Equity Partners Limited Bank Asia Limited Mutual Trust Bank Limited National Life Insurance Co. Limited Dhaka Bank Limited |
Transaction Summary | Leading local private commercial bank and largest IPO in 2007. The Premier Bank Limited, a scheduled commercial bank among the third generation banks in the private sector in Bangladesh. The Bank commenced its operation on October 26, 1999. The public issue was executed in compliance with relevant statutory requirements. The proceeds will strengthen the capital base of the Bank. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure |
Transaction Title | Initial Public Offering |
Company | Agrani Insurance Company Limited |
Transaction size/amount | BDT 90,000,000 |
Closing Date | December 2004 |
Industry /Sector | General Insurance |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Equity Partners Limited Southeast Bank Limited The Trust Bank Limited BAIRA Life Insurance Company Limited Bay leasing and Investment Limited ICB Capital Management Limited Swadesh Investment Management Limited |
Transaction Summary | A joint venture Insurance company. Since its establishment in 2000 as one of the leading general insurance companies in the private sector, the company has within a short span of time established itself as one of the most reputed and trustworthy insurance companies in the country. Selective underwriting and prompt settlement of claims have contributed towards building up a very respectable image of the company within the business community. The company has 9 branches throughout the country. The proceeds were used to invest in procuring assets, shares, and term deposit with different scheduled banks and to pay for the IPO expenses. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Initial Public Offering |
Company | Lafarge Surma Cement Ltd |
Transaction size/amount | BDT 893,900,000 |
Closing Date | November 2003 |
Industry /Sector | Construction & Building Materials (Cement) |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Arab Bangladesh Bank Limited The Trust Bank Limited Pragati Insurance Limited Industrial Development Leasing Company of Bangladesh Limited Uttara Finance and Investment Limited Capital Market Services Limited Prime Finance and Investment Limited ICB Capital Management Limited Union Capital Limited Bay Leasing and Investment Limited Swadesh Investment Management Limited Equity Partners Limited Other merchant banks |
Transaction Summary | The first greenfield project in Bangladesh to be listed with the local stock exchanges. The Company was formed as the Government of India and Bangladesh agreed to allow the excavation of limestone and its transportation through a 17km conveyor belt from India to Bangladesh. IPO proceeds raised to use for the design, construction, commissioning and operation of the country’s only integrated cement manufacturing plant, a quarrying & crushing facility, a 17km long conveyor belt linking the mines, and a 30 MW captive power plant in Sylhet. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Corporate Advisory & Initial Public Offering |
Company | Daffodil Computers Limited |
Transaction size/amount | BDT 75,000,000 |
Closing Date | October 2003 |
Industry /Sector | Information Technology |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Equity Partners Limited Bay leasing and Investment Limited Swadesh Investment Management Limited Banco Trans World (BD) Limited Raspit Sequrities and Management Limited Green Delta Insurance Company Limited Karnaphuli Insurance Company Limited ICB Capital Management Limited Vanik Bangladesh Limited |
Transaction Summary | IPO of Leading Computer Accessories Distributor & Software Development Company. The company is the country's most successful and pioneer computer trading and assembling, software development and marketing company having other multi ventures in the discipline of information technology offering total IT solutions. It has been appointed as the only Hewlett-Packards (HP) authorized Corporate Reseller and Authorized Service Provider in Bangladesh. The proceeds from the IPO were used for meeting the expenses for Daffodil's assembling plant, establishment of new distribution centers, other expenses and development of the company as a whole. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure, Preparation for IPO. |
Transaction Title | Initial Public Offering |
Company | Agni Systems |
Transaction size/amount | BDT 50,000,000 |
Closing Date | July 2003 |
Industry /Sector | Information Technology |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Equity Partners Limited Banco Trans World Limited Raspit Securities and Management Limited Vanik Bangladesh Limited Bay leasing and Investment Limited Swadesh Investment Management Limited |
Transaction Summary | IPO of leading ISP in Bangladesh. Agni Systems is an Internet Service provider. Its services encompasses dial up Internet access, Internet faxing, web design, web hosting and domain registrations. Agni has a nationwide ISP license from the regulatory authority. The proceeds were used to invest in a range of different Equipment and hardware to strengthen the business and also to pay for the IPO expenses. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Initial Public Offering |
Company | Bank Asia Limited |
Transaction size/amount | BDT 300,000,000 |
Closing Date | July 2003 |
Industry /Sector | Banking |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | IDLC of Bangladesh Limited Equity Partners Limited Prime Finance and Investment Limited Bangladesh General Insurance Company Limited Uttara Finance and Investment Limited Vanik Bangladesh Limited Union Capital Limited Green Delta Insurance Company Limited Bay leasing and Investment Limited EXIM Bank Limited Grameen Capital Management Limited Prime Bank Limited Bangladesh Mutual Securities Limited Swadesh Investment Management Limited Raspit Sequrities and Management Limited |
Transaction Summary | A fast growing 3rd generation Private bank. Bank Asia has been launched by a group of successful entrepreneurs with recognized standing in the society. It set milestone by acquiring the business operations of the Bank of Nova Scotia in Dhaka, first in the banking history of Bangladesh. The proceeds were used to strengthen the capital base of the bank and augment business expansion. The funds were also used for investment and lending purposes. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Initial Public Offering |
Company | Information Services Network Limited |
Transaction size/amount | BDT 35,000,000 |
Closing Date | January 2002 |
Industry /Sector | Information Technology |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Equity Partners Limited Bay leasing and Investment Limited Swadesh Investment Management Limited Banco Trans World (BD) Limited Raspit Sequrities and Management Limited |
Transaction Summary | IPO of first ISP in Bangladesh. Information Services Network (ISN) Ltd. is an internet services provider and developer of software and publisher of IT magazine in Bangladesh. It provides dialup Internet access, leased port internet access, Telnet, network and IT solutions and a range of other products. It serves as one of the largest and most versatile IT companies in the country. The proceeds were used to meet the expenses incurred for the vertical growth and horizontal expansion of the company and also to pay for the IPO expenses. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Corporate Advisory & Initial Public Offering |
Company | Modern Cement Limited |
Transaction size/amount | BDT 100,000,000 |
Closing Date | December 2001 |
Industry /Sector | Construction and Building Materials (Cement) |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Equity Partners Limited GSP Finance Company (Bangladesh) Limited Uttara Finance and Investment Limited Bay leasing and Investment Limited Swadesh Investment Management Limited Banco Trans World (BD) Limited Raspit Sequrities and Management Limited Capital Market Services Limited |
Transaction Summary | The company had the largest IPO of 2001. Modern Cement Limited manufactures and markets cement. High quality cement is processed by using the most modern machineries with automatic computerized controlling system. Raw materials such as very high quality gypsum and clinker are imported from various sources of the world to ensure best quality cement. Because of its uncompromising quality, Modern Cement has become one of the largest quality cement producers and suppliers in Bangladesh. The proceeds were used for expansion lines of the business (new unit of cement grinding plant including mechanical equipment and electrical equipment) and expenses for enhancement of facilities and other use of funds includes repayment of loan from Prime Bank. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure, Preparation for IPO. |
Transaction Title | Initial Public Offering |
Company | Beach Hatchery Limited |
Transaction size/amount | BDT 80,000,000 |
Closing Date | September 2001 |
Industry /Sector | Food and Allied |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Equity Partners Limited IDLC of Bangladesh Limited Bay leasing and Investment Limited Swadesh Investment Management Limited Banco Trans World (BD) Limited Raspit Sequrities and Management Limited |
Transaction Summary | First preference share issue in Bangladesh. Beach Hatchery Ltd. owns and operates a fish hatchery. The Company manages and maintains hatcheries for the production of marine crustaceans, including tiger prawn and shrimp. Beach Hatchery serves the fishery industry throughout Bangladesh. The proceeds were used for expansion lines in land development, hatchery equipment and nursery. Funds were also used to repay loan from bank and for working capital. |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Initial Public Offering |
Company | Al-Amin Chemical Industries Limited |
Transaction size/amount | BDT 20,000,000 |
Closing Date | September 2001 |
Industry /Sector | Pharmaceuticals and Chemicals |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Equity Partners Limited Capital Market Services Limited Bangladesh Mutual Securities Limited Swadesh Investment Management Limited Banco Trans World (BD) Limited |
Transaction Summary | Producer of Zinc Sulphate. Al-Amin Chemical Industries is a chemical group in Bangladesh. They make various types of chemicals inclusing Cylinder filled Ammonia Gas, Apriton, Binder, Aica, Softner ,Pharmaceutical Raw materials including Pharmaceutical & Confectionery project machineries,Urea formaldehyde moulding compound (powder), melamine resin (glazing powder), and phenolic moulding. The proceeds were used for development of land and building, machinery and equipment and for installations. Funds were also used to pay for the expenses incurred for the IPO and also for working capital |
BEIL's value addition to the transaction | Corporate Advisory, Capital Planning, Due Diligence, Valuation, Prospectus Preparation, Coordination with external parties, Negotiations, Deal Closure. |
Right Issue
Transaction Title | Rights Share Issue |
Company | Lafarge Surma Cement Ltd |
Transaction size/amount | BDT 5,806,867,500 |
Closing Date | February 2012 |
Industry /Sector | Construction & Building Materials (Cement) |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | Bangladesh Mutual Securities Ltd. SBL Capital Management Ltd. Janata Capital and Investment Ltd. EXIM Islami Investment Ltd. Southeast Bank Capital Services Ltd. Union Capital Ltd. Green Delta LR Financial Services Ltd Bay Leasing & Investment Ltd. Trust Bank Investment Ltd. Prime Finance & Investment Ltd. Jamuna Bank Ltd. ICB Capital Management Ltd. Royal Green Capital Market Ltd. GSP Finance Company (Bangladesh) Ltd. Race Portfolio and Issue Management Ltd. |
Transaction Summary | This is the Largest Rights Share Issue in Bangladesh. The Company has set up the Country's only integrated cement manufacturing plant, a quarrying & crushing facility, a 17km long conveyor belt linking limestone mines between Bangladesh & India, and a 30 MW captive power plant. The proceeds from the Rights offering was used to pay off debt and improve the profitability of the company. |
BEIL's value addition to the transaction | Capital Structuring, Due Diligence, Valuation, Advisory on Price Sensitive Information & Regulatory Compliance, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Rights Share Issue |
Company | Mercantile Insurance Company Limited |
Transaction size/amount | BDT 247,500,000 |
Closing Date | December 2011 |
Industry /Sector | General Insurance |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | BRAC EPL Investments Limited |
Transaction Summary | Incorporated in March, 1996 Mercantile Insurance Company Limited listed with Dhaka Stock Exchange in December, 2004 and a general insurance provider. The purpose of raising fund through rights shares was to strengthen the company's capital base and to amplify business expansion. |
BEIL's value addition to the transaction | Capital Structuring, Due Diligence, Valuation, Advisory on Price Sensitive Information & Regulatory Compliance, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Rights Share Issue |
Company | Agni Systems Limited |
Transaction size/amount | BDT 205,137,000 |
Closing Date | June 2011 |
Industry /Sector | Information Technology |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | BRAC EPL Investments Limited |
Transaction Summary | Agni Systems Limited, one of the first generation internet service providers in Bangladesh, was established in 1995. The company started its commercial operation in 1997. The services offered by the company include dial up and wireless internet access, internet faxing, web design, web hosting and domain registration. Besides the core business of providing Internet access, Agni also provides advanced training on Linux operating system as global training partners of Red Hat Inc. of the USA. Purpose of Transaction: WiMax Expansion |
BEIL's value addition to the transaction | Capital Structuring, Due Diligence, Valuation, Advisory on Price Sensitive Information & Regulatory Compliance, Coordination with external parties, Negotiations, Deal Closure. |
Quasi Equity & Bond
Transaction Title | Preference Share Issue |
Company | Summit Gazipur II Power Limited |
Transaction size/amount | BDT 900,000,000 |
Closing Date | September 2019 |
Industry /Sector | Power Generation |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | N/A |
Transaction Summary | Summit Gazipur II Power Limited (“SGIIPL”) is a joint venture of Summit Power Limited (“SPL”) and Summit Corporation Limited (“SCL”), and was incorporated under the Company Act, 1994, as a Private Limited Company dated 03 July, 2017. The main objective of the company is to set up power plants on Build Own and Operates (“BOO”) basis for generation of electricity and to sell generated power to Bangladesh Power Development Board (“BPDB”) or any other entity with the permission of concerned Authority. The Company will have a net electric power generating capacity of 300 MW. Purpose of Transaction: To finance the construction of Summit Gazipur II Power Limited’s 300 MW power project |
BEIL's value addition to the transaction | Capital Structuring, Due Diligence, Valuation, Advisory on Price Sensitive Information & Regulatory Compliance, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Corporate Advisory and Private placement of Bond Issue |
Company | Ashuganj Power Station Company Limited |
Transaction size/amount | BDT 5,000,000,000 |
Closing Date | May 2019 |
Industry /Sector | Power Generation |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | N/A |
Transaction Summary | Ashuganj Power Station Company Limited is one of the largest power stations in Bangladesh, having a capacity of about 17.82% (as on 01 November, 2016) of total electricity generation capacity in the public sector of the country. At present, the total capacity of its ten (10) units is 1,861 MW. As part of the Power Sector Development and Reform Program of the Government of Bangladesh (GoB), Ashuganj Power Station Company Limited (APSCL) has been incorporated under the Companies Act 1994, on June 28 2000. Purpose of Transaction: To finance expansion of installed capacity (400 MW) Ashuganj CCPP East plant amounting to BDT 4,500 million and working capital |
BEIL's value addition to the transaction | Capital Structuring, Due Diligence, Valuation, Advisory on Price Sensitive Information & Regulatory Compliance, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Corporate Advisory and Arrangement of Subordinated Bond |
Company | IFIC Bank Limited |
Transaction size/amount | BDT 3,500,000,000 |
Closing Date | June 2016 |
Industry /Sector | Bank |
Arranger | BRAC EPL Investments Limited |
Underwriters | N/A |
Transaction Summary | International Finance Investment and Commerce Bank Limited (IFIC Bank) is a banking company incorporated in 1976 as a joint venture between the Government of Bangladesh and sponsors in the private sector with the objective of working as a finance company within the country and setting up joint venture banks/financial institutions abroad. IFIC was converted into a full fledged commercial bank in 1983 when the Government allowed banks in the private sector. Purpose of Transaction: To comply with Basel II Regulation as Tire-II capital. |
BEIL's value addition to the transaction | Capital Structuring, Due Diligence, Advisory on Price Sensitive Information & Regulatory Compliance, Coordination with external parties, Negotiations, Deal Closure. |
Transaction Title | Preference Share Issue |
Company | Agni Systems Limited |
Transaction size/amount | BDT 200,000,000 |
Closing Date | September 2010 |
Industry /Sector | Information Technology |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | N/A |
Transaction Summary | Agni Systems Limited, one of the first generation internet service providers in Bangladesh, was established in 1995 by a group of local entrepreneurs. The company started its commercial operation in 1997. The services offered by the company include dial up and wireless internet access, internet faxing, web design, web hosting and domain registration. Besides the core business of providing Internet access, Agni also provides advanced training on Linux operating system as global training partners of Red Hat Inc. of the USA. Purpose of Transaction: WiMax Expansion |
BEIL's value addition to the transaction | Capital Structuring, Due Diligence, Valuation, Advisory on Price Sensitive Information & Regulatory Compliance, Coordination with external parties, Negotiations, Deal Closure. |
Private Equity
Deal Type | Private Equity – Corporate Advisor to the Investee |
Investee | A Payment System Operator in Bangladesh |
Investor | International Finance Corporation (“IFC”), a member of the World Bank Group |
Transaction Size/Amount | USD 10.0 million |
Industry /Sector | Financial Institution |
Corporate Advisor | BRAC EPL Investments Limited |
Transaction Summary | Corporate Advisory to a Payment System Operator in connection with raising of USD 10.0 million from IFC in the form of Common Shares. |
BEIL's Value Addition to the Transaction | Advising and negotiating on the Investee’s behalf to achieve the best structuring on all terms and conditions of the transaction related to the entry, stay and exit of the Investor and related matters; advising the management of the Investee on changes to be bought about in the capital structure, legal and constitutional documents and all corporate restructuring matters to accommodate the Investor. |
Date | April 2013 |
Transaction Title | Corporate Advisory and Arrangement of Private Equity |
Company | Omera Petroleum Limited |
Transaction size/amount | USD 5,500,000 |
Closing Date | September 2014 |
Industry /Sector | Fuel |
Arranger | BRAC EPL Investments Limited |
Underwriters | N/A |
Transaction Summary | Omera Petroleum Limited, a fully owned subsidiary of MJL Bangladesh Ltd, is setting up manufacturing, bottling and distribution of Liquid Petroleum Gas. OPL will sell the full quantity through a main storage, bottling and distribution plant at Mongla and three satellite stations for bottling and distribution on Chittagong, Bogra & Dhaka of Bangladesh. Purpose of Transaction: To meet Capital expenditure for setting up the LPG project. |
BEIL's value addition to the transaction | Capital Structuring, Due Diligence, Valuation, Advisory on Price Sensitive Information & Regulatory Compliance, Coordination with external parties, Negotiations, Deal Closure. |
PPP Financing
First Dhaka Elevated Expressway Company
Transaction Title | Corporate Advisory and Syndicated Working Capital Facilities |
Company | First Dhaka Elevated Expressway Company |
Transaction size/amount | BDT 10,000,000,000 |
Closing Date | October 2015 |
Industry /Sector | Public Private Partnership |
Issue Manager | BRAC EPL Investments Limited |
Underwriters | N/A |
Transaction Summary | Italian Thai Development Public Company Limited established First Dhaka Elevated Expressway Company Limited as a 100%-owned Special Purpose Vehicle, registered in Bangladesh, to accede ITD as the Concessionaire in the Concession Agreement for implementation of the project to build approximately 20 km long Dhaka Elevated Expressway along the north-south corridor of the city and considered a key element to resolve the traffic problems in Dhaka. Purpose of Transaction: To finance working capital for the project |
BEIL's value addition to the transaction | Capital Structuring, Due Diligence, Regulatory Compliance, Coordination with external parties, Negotiations, Deal Closure. |