Archive for the ‘News’ Category

Dubai-based Eagle Investments acquires Sri Lanka brokerage and asset management firm


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Dubai:  Eagle Proprietary Investments, the Dubai-based financial investment arm of National Industries Group (NIG), announced on Tuesday that it has acquired Colombo Stock Exchange stock brokerage firm Heraymila Securities Limited and asset management firm Heraymila Capital (Pvt) Limited. According to a media statement, the companies are to be rebranded as Candor Equities Limited and Candor [...]

Eagle Proprietary Investments Ltd and Accordion Partners launch Middle East Joint Venture to provide operational finance and CFO services in the MENA region


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Eagle Proprietary Investments Ltd (‘Eagle’) – a leading growth equity investment firm specializing in a globally diverse mix of financial sector investments – and New York-based Accordion Partners LLC (‘Accordion’) have launched a Middle East JV to offer Accordion’s services to the MENA region.  Accordion will be represented in Dubai by Eagle Investments Limited.  Accordion [...]

National Industries Group Holding raises a KD 25 million Exchangeable facility


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Eagle Investments Limited (‘EIL’) has arranged a conventional KD 25 million (c. $ 89 million) Exchangeable facility for Kuwait-based National Industries Group Holding (‘NI Group’).  Proceeds from the financing will be used to pay off NI Group’s maturing $475 million sukuk, due August 16, 2012.

National Industries Group Holding raises a KD 105 million Syndicated Exchangeable Murabaha


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Eagle Proprietary Investments Ltd (‘Eagle’) has acted as Exclusive Financial Advisor to Kuwait-based National Industries Group Holding (‘NI Group’) on a KD 105 million (c. $370 million) Syndicated Exchangeable Murabaha.  Proceeds from the facility will be used to pay off NI Group’s maturing $475 million sukuk, due August 16, 2012.  The financing marks the first [...]

Financial Advisor to Proclad Group


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Eagle Proprietary Investments Ltd has acted as Exclusive Financial Advisor to Proclad Group Limited (‘Proclad’) in obtaining banking facilities.  Proclad – a world leader in providing corrosion resistant alloy solutions to the Oil and Gas industry – will use its expanded financing base to increase production in its state-of-the-art facilities located in Dubai’s Techno Park.

Eagle Proprietary Investments Ltd has acquired a stake in Accordion Partners


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Eagle Proprietary Investments Ltd – a leading growth equity investment firm specializing in a globally diverse mix of financial sector investments -has announced an investment in New York-based Accordion Partners LLC (‘Accordion’).  Accordion is a new model financial services firm, which delivers cost-effective deal and project execution services to private equity firms and corporate development [...]

National Industries Group Holding’s $1.14bn financial restructuring


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Eagle Proprietary Investments Ltd has acted as Exclusive Financial Advisor to National Industries Group Holding (‘NI Group’), a Kuwait-based industrial conglomerate, on renegotiating liabilities – including bank debt and derivatives – amounting to $1.14 billion.  Eagle assisted NI Group with lender negotiations which resulted in terming out the company’s debt to maturities of 3 to [...]