Global’s is one leading investment banking firms in Pakistan, having executed transactions in excess of US$ 5 billion over the last ten years. Global maintains a unique position in Pakistan’s investment banking market due to its ability to innovate and consistently deliver superior quality financial solutions to clients. Our experience and expertise enable us to clearly differentiate from our competitors. Global was also awarded the ‘Best Domestic Equities House 2005’ by Asia Money; a clear evidence of our superior structuring and execution capabilities.
We have executed some of the largest and most complex advisory and fund raising transactions in Pakistan and have been involved in almost all major privatization transactions.
The Corporate Finance & Advisory actively participates in transactions involving:
- Privatizations and Public/Private Partnerships
- Mergers & Acquisitions and Joint Ventures
- Valuations
- Corporate Restructuring
- Syndicated Loans and Term Debt
- Bonds and Term Finance Certificates
- Equity Placements, IPOs and Tender Offers
Our team is one of the largest in the industry and includes seasoned professionals with an incomparable level of industry and product expertise. The extent of our expertise can be gauged from the deals we have structured and executed in sectors ranging from telecom, commercial and investment banking, refining, power, textiles, fertilizers, autos, petrochemicals, information technology and media. We ensure swift execution of transactions through the commitment of highly experienced senior resources and close working relationships with key regulators.
PRIVATIZATIONS
Global has unrivalled privatization experience through active involvement in all the major privatization transactions. The wide range privatization experience has resulted in Global developing an in-depth understanding of the privatization structure and process, and strong relationships with key decision makers.
Some of the successful privatization transactions executed by Global are:
- Financial advisory to the privatization commission in the consortium led by Goldman Sachs and JP Morgan for the landmark privatization of Pakistan Telecommunications Company Limited. 26% shares were sold for US$ 2,598 million along with transfer of management, making it the largest privatization transaction in the history of Pakistan
- Buy-side advisory to Aga Khan Fund for Economic Development for a US$ 392 million acquisition of Habib Bank Limited – the largest banking sector privatization in the history of Pakistan
- Buy-side advisory to the consortium of Bestway Group and Al-Nahyan Group for a US$ 212 million acquisition of United Bank Limited – the fourth largest bank in Pakistan
- Global is the market leader in privatization with a market share of 59% of all strategic privatization transactions completed todate
CAPITAL MARKETS & FUNDRAISING
Global works very closely with some of the largest lenders/investors which provide in-depth understanding of risk & return requirements, and unmatched distribution & placement capability in syndications and capital market transactions. This is reflective not only of Global’s distribution capabilities, but also the comfort that lenders/investors have in the transactions Global manages.
Global is a leading debt capital markets’ player in Pakistan, having structured some of the largest debt issues of the country. We have structured and successfully placed corporate bonds and syndicated debt issues exceeding PKR 38 billion. Global is a market leader in raising debt capital for banks in Pakistan, having structured and raised PKR 7.1 billion representing a market share of 29%
Global is also a leading player in arranging equity financing, having raised over PKR 7 billion in FY 2005 alone. . Global has executed the largest utility offering in Pakistan of Kot Addu Power Company Limited (KAPCO). The PKR 5.29 billion offer was oversubscribed by more than 8 times and received the highest number of applications (1.4 million) in the history of Pakistan. The balloting was done in a record 8 days, which is unprecedented in Pakistan.
The innovative structuring and successful placement of diverse transactions clearly demonstrate Global’s ability to understand issuers’ needs and match them with the requirements of investors.
Global has pioneered financial innovation by introducing many innovative structures in Pakistan:
- The first Tier 2 Eligible Subordinated TFC issue by a commercial bank in Pakistan.
- The first KIBOR linked TFC issue in Pakistan.
- The largest TFC issue in the history of Pakistan’s capital markets
- The first ever amalgamation in Pakistan of a leasing company with the operations of a foreign bank
