UK-based Chescor Capital merges with UAE's Executive Consultants

Published March 14th, 2004 - 02:00 GMT

Chescor Capital, an international investment boutique operating in the Middle East, Europe and India, and Executive Consultants, a strategy and corporate consultancy with an extensive client base in Dubai, have announced the merger of their businesses with immediate effect. 


Under the merger arrangements, Executive Consultants becomes a wholly-owned subsidiary of the Chescor Capital Group. In the United Arab Emirates (UAE), corporate clients of the combined group include Tabreed, Al-Jaber Establishment, Emirates Trading Agency (ETA), UAE Offset Group, Dassault Aviation, Tejari, TECOM, Dubai Development & Investment Authority, Dubai Development Board, Jumeirah Beach Residences and Dutco Group. 


The Chescor Capital Group includes a London-based corporate finance advisory firm authorized by the UK's Financial Services Authority to conduct business throughout Europe, and a corporate finance advisory and fund management firm registered with the Mauritius Securities Commission. Chescor Capital's principal activities include corporate finance, project finance and development, acquisitions, disposals and joint ventures, offset solutions and private equity.  


In the United Arab Emirates (UAE), Chescor Capital has been advising National Central Cooling Company (Tabreed) on its financing strategy since 1999, which has included debt syndications amounting to nearly one billion Emirati dirhams ($272 million). Chescor Capital also created and managed the first approved Offset Fund in the UAE.  


Created three years ago, Executive Consultants is a medium-size corporate finance advisory and business consulting firm offering services such as corporate and project finance, fund raising and private placements, business consulting, corporate structuring and restructuring, strategic planning, valuations, and mergers & acquisitions. It acted as the advisor to the Dh 500 million long term facility arranged to finance the BurJuman expansion and is the exclusive UAE representative of A T Kearney, a global strategy firm. — ( 

© 2004 Mena Report (

© 2000 - 2022 Al Bawaba (

You may also like