25th Apr 2008 07:00
European Islamic Investment BankPLC25 April 2008 NEWS RELEASE 25 April 2008 European Islamic Investment Bank hires team to establish new Private Equity andCorporate Advisory Department European Islamic Investment Bank plc ("EIIB") announces the establishment of aPrivate Equity and Corporate Advisory Department, based in London. The businesswill be headed by Robin Henshall, supported by Marcus Scott. A team ofprofessionals is in place and the plan is to expand the team with new hires overthe coming months. The business will identify Sharia'a compliant cross-border opportunities forEIIB's clients. The initial geographical focus will be on Europe, the MiddleEast and North Africa and target sectors will be Energy, Natural Resources,Agriculture, Real Estate, Transport & Logistics, Consumer Luxury Goods, Retailand Support Services. The Private Equity activities will focus on investing in mid-market companieswith an enterprise value of $50 million to $500 million. Investments areexpected to include full and partial equity ownership of private companies andPIPE style investments in public companies. The Corporate Advisory activities will focus upon M&A advisory and public andprivate capital markets advice, including primary and secondary capital raisingand both equity and structured products. The Corporate Advisory activities areexpected to involve predominantly transactions with a Middle Eastern aspect. Henshall and Scott joined EIIB from City Capital, a London based investmentbanking and hedge fund boutique, where they focused on small and mid-sizedcompany advisory and direct investments. Robin Henshall has over 22 years'investment banking experience, gained mainly at UBS but also including Bank ofAmerica, SG Barr Devlin, Donaldson, Lufkin & Jenrette/Credit Suisse and CountyNatWest. He is an expert in the energy, infrastructure and transportationsectors. Marcus Scott has over 14 years' investment banking experience, havingpreviously worked for Donaldson, Lufkin & Jenrette/Credit Suisse and SalomonBrothers. He has extensive experience in emerging markets. John Weguelin, Chief Executive, EIIB said: "We are delighted to welcome Robinand Marcus to EIIB. They bring a wealth of investment banking experience andwill be key in helping us establish and grow our Private Equity and CorporateFinance business. Our positioning as an independent, Sharia'a compliantinvestment bank in London coupled with the depth of our investor and strategicrelationships in the Gulf, will allow us to offer a premier service to clients." Ends For further information: Fishburn Hedges Tel: +44 (0)20 7839 4321Andrew MarshallMichelle JamesRizwana Issa Notes to editors: About EIIB: EIIB was incorporated in January 2005 and received its authorisation by the FSAon 8 March 2006. On 3 April, it opened for business, and on 17 May completed itsIPO and was admitted to London's AIM market. Headquartered in London, EIIB's range of products and services include thefollowing Sharia'a compliant investment banking activities: - Private Equity and Corporate Advisory- Islamic Treasury and Capital Markets- Asset Management- Real Estate- Structured Trade Finance- Sharia'a Advisory EIIB aims to deliver a range of alternative investment opportunities, enablinginvestors to construct balanced and sophisticated portfolios which can access arange of Sharia'a compliant asset classes internationally. EIIB will seek to service a market for Sharia'a compliant investment bankingservices in Europe, the Middle East and Asia that it believes has beenunder-exploited by conventional and Islamic banks, and by non-bankinginstitutions. EIIB intends to become a major participant in the market forIslamic securities, treasury and investment products, which is currentlyexperiencing rapid growth. The founding shareholders of EIIB include Gulf based individuals andinstitutions, including a number of Islamic banks, as well as individuals andcompanies based in Europe. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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