Spanish firm Alantra launches investment banking services in Middle East
To date, it has executed around 20 deals in the region with a value of over $1 billion.
Spanish financial services firm Alantra is expanding its investment banking services in the Middle East with a new office in Dubai International Financial Centre (DIFC). It looks to provide investment banking services to its clients in the region, strengthening its global reach coupled with deep local market penetration.
The Dubai Financial Services Authority, which regulates the DIFC, has authorised Alantra to provide financial services in and from the DIFC, according to statement on Zawya.
“We have also domiciled and relocated a significant part of our global marine and shipping investment banking sector team to DIFC in light of the region’s strong relevance for this growing sector. We believe that our specialisation in key sectors such as FIG, consumer, real estate, healthcare, and technology will add meaningful value to our clients’ strategic objectives,” Saad Ashraf, SEO and Managing Partner of Alantra DIFC, said.
Alantra launched its Middle East coverage in 2021 with a focus on the maritime and offshore sectors, according to the firm, which employs more than 650 professionals across 25 offices in 22 countries. To date, it has executed around 20 deals in the region with a value of over $1 billion.
The investment banking division of Alantra provides independent advice on mergers and acquisitions, debt advisory, financial restructuring, and capital markets transactions. The company said in a statement that it has advised on more than 650 transactions with an aggregate value of approximately $96.8 billion over the past four years.
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In the January-June period, 661 companies joined the DIFC ecosystem, a 23% increase from the previous year. The total number of registered companies increased to 4,949, creating 3,057 jobs and increasing the workforce by 20% to 39,140.
DIFC leased over 233,000 square feet of commercial space due to high demand in the first six months of the year as occupancy rates reached 99%.
In 2023, firms joining DIFC included Asia Research and Capital Management, Edmond de Rothschild, EnTrust Global, Hudson Bay Capital, King Street Capital, Nomura Singapore, St James's Place, and Verition Fund Management.
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Edited by Kanishk Singh