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press releases (2008)

Taylor-DeJongh and Global
Banking Corporation B.S.C (c) launch Global Energy Financial Services
Co.
Taylor-DeJongh Enters
into Strategic Partnership with GBCORP for Energy Investments
Taylor-DeJongh Appointed
Financial Advisor to USDOT/TIFIA JPO for the Florida I-595 Transaction
June
4 , 2008. Taylor-DeJongh and Global Banking Corporation B.S.C (c)
launch Global Energy Financial Services Co.
Click
here for a copy of the full press release
Global Banking Corporation (GBCORP), in strategic partnership with
Taylor-DeJongh (TDJ), announced the launch of its newly formed energy-focused
subsidiary, Global Energy Financial Services Co. (GEFSCO), at a
press conference held June 4 at the Gulf Hotel Convention Centre,
Manama, Bahrain.
GEFSCO will identify and structure investments
in the oil & gas and power sectors.
GEFSCO will provide advisory services to GBCORP in the following
areas:
Investment valuation
Transaction structuring, negotiation and execution
Post-investment management
Exit strategy and exit execution
Target sectors range from upstream exploration
& production to natural gas processing, refining, petrochemicals,
oilfield services, power generation and related infrastructure.
Investments will be conducted through special purpose vehicles
conforming to Sharia rules and principles.
At the event, benefits of the newly established
subsidiary GEFSCO were highlighted, GEFSCOs logo was revealed
and GEFSCOs newly appointed interim CEO, Mr. Timothy Holder,
was introduced to the audience.
A discussion panel consisting of leading industry
experts followed the announcements. Members of the discussion panel
included: Mr. Mark Hanson, CEO of GBCORP; Mr. Ahmed Al Khan, Head
of Investment Banking at GBCORP; Mr. Terry Newendorp, Chairman &
CEO of TDJ and Mr. Timothy Holder, the newly-appointed CEO of GEFSCO,
on interim secondment from TDJ.
Ahmed Al Khan, Head of Investment Banking at GBCORP,
stated The launch of GEFSCO, this strategic alliance with
industry leader TDJ, will be integral to the future growth of energy-related
projects in GBCORPs diverse Sharia-compliant portfolio.
The alliance between GBCORP and TDJ will offer us an increased amount
of choice in one of the fastest growing sectors in the Gulf.
Commenting on the strategic alliance, Mark Hanson,
Chief Executive at GBCORP, said: GBCORP is on the threshold
of a new era of Islamic investment banking, focusing on building
strategic investment bridges and linking the region to global markets.
This calls for identifying key areas and leveraging global investment
opportunities in core sectors, and energy happens to be one of the
most lucrative areas.
TDJs Chairman & CEO, Terry Newendorp,
said: Our strategic alliance with GBCORP is a timely and exciting
development, and builds on the existing relationship of our two
institutions. TDJs 25+ year track record in successfully structuring
and closing transactions all over the world will be invaluable in
creating and capturing value at this time in the energy cycle.
Timothy Holder, TDJ Director and interim CEO of
GEFSCO, added, The global remit of this venture sets it apart
from some of the more narrowly focused initiatives that have been
recently announced.
GBCORPs strategy is aimed at capturing a
significant share of the US$750 billion global Islamic banking market.
GBCORP will leverage its regional expertise and experience to establish
a strong presence globally; as well as develop strategic investment
bridges, linking the region to global markets and actively facilitating
global investment opportunities by building alliances for mutual
development.
GBCORP provides a different type of ethical investment,
developing new investment offerings that align with investors
personal values and ethics. As a fast-growing Islamic Investment
bank, GBCORPs aim is to provide its clients with global Sharia-
compliant investment opportunities while offering a professional
and personalized service.
May
13, 2008. Taylor-DeJongh Enters into Strategic Partnership with
GBCORP for Energy Investments
Click
here for a copy of the full press release
Taylor-DeJongh (TDJ) has entered into a strategic
partnership with Bahrain-based investment bank Global Banking Corporation
B.S.C (c) (GBCORP) for the purposes of identifying and structuring
investments in the oil & gas and power sectors.
Under the terms of the partnership, TDJ will provide
specialist industry knowledge and financial expertise to a newly
established subsidiary of GBCORP set up for the purpose of promoting
investments in hydrocarbons and energy infrastructure worldwide.
Target sectors range from upstream exploration & production
to natural gas processing, refining, petrochemicals, oilfield services,
power generation and related infrastructure. Investments will be
conducted through special purpose vehicles conforming to Shari'a
principles.
TDJ's Chairman and CEO, Terry Newendorp, said,
"Our strategic partnership with GBCORP is a timely and exciting
development, and builds on the existing relationship between our
two institutions. Taylor-DeJongh's 25-year track record in successfully
structuring and closing transactions all over the world will be
invaluable in creating and capturing value at this stage in the
energy cycle."
Head of Investment Banking at GBCORP, Ahmed Al
Khan, added: "This strategic partnership with industry leader
TDJ is an important step in building a comprehensive portfolio of
Shari'a compliant offerings. It brings together many decades of
industry expertise to identify, analyse, structure and package transactions
in the energy sector, broadening GBCORP's product offering in a
well balanced manner."
Tim Holder, Head of TDJ's Bahrain office, added,
"The global remit of this venture sets it apart from some of
the more narrowly focused initiatives that have been recently been
announced, and adds another dimension to our global financial advisory
practice."
Taylor-DeJongh is one of the world's leading project
finance advisors. The firm has advised on 13 Deals of the Year since
1999, and has consistently ranked as a Top 10 Financial Advisor
since 1995. TDJ provides independent financial advisory services
to a global clientele in the development, structuring, negotiating
and financing of major capital investments around the world. The
firm has over 25 years of experience in structuring complex transactions
in more than 100 countries, with an aggregate value of over US$70
billion. The firm is a recognized leader in project and structured
finance, spanning the oil & gas, power, petrochemical, telecommunications
and other infrastructure sectors.
Global Banking Corporation started operations
in Bahrain in June 2007 with an authorized capital of US$500 million.
GBCORP aims to be the leading investment bank in the GCC with global
reach, characterized by the ability to merge international investment
excellence with local expertise and with an underlying commitment
to provide Shari'a compliant investment banking services. The Bank
provides banking services for high net worth individuals and families,
corporate and government clients.
May
12, 2008. Taylor-DeJongh Appointed Financial Advisor to USDOT/TIFIA
JPO for the Florida I-595 Transaction
Click
here for a copy of the full press release
Taylor-DeJongh (TDJ) has been selected by the
USDOT / TIFIA Joint Program Office as its financial advisor for
the review of the I-595 Corridor Roadway Improvement Project loan
application submitted by the State of Florida's Department of Transportation
(FDOT). I-595 is located in Broward County, Florida. The proposed
loan would be used by the private Concessionaire to be selected
by FDOT to finance the reconstruction of the I-595 mainline, improve
access roads and construct dedicated reversible Express lanes in
the median.
Taylor-DeJongh's role is to support the TIFIA
JPO during the review of the application and, if approved, assist
in the loan negotiation with the selected concessionaire. This application
was made under the SEP-15 program, and asks for TIFIA assistance
before selecting the private developer in order to maximize TIFIA
use in the proposed financings. The transaction is unique for its
use of availability and final acceptance payments as the Project's
source of revenues, as opposed to direct tolls.
Taylor-DeJongh CEO, Mr. Terry Newendorp, said:
"Taylor-DeJongh is very pleased to be working again with the
TIFIA JPO and to act as advisor on this transaction, which should
establish some bench marks in new financing structures for U.S.
transportation projects, including availability payments."
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