Deal Announcement: Dulsco Acquires AGR Ltd
Lumina Capital Advisers is delighted to have acted as lead financial adviser to Dulsco, a leading UAE headquartered environmental, people and outsourcing solutions business on its acquisition of UK based renewables, oil and gas specialist Advance Global Recruitment Ltd.
Dulsco Group’s CEO David Stockton commented: “Lumina was instrumental in ensuring that our collective objectives were met, while minimising our risk. They ran an extremely professional process and the attention to detail and deep understanding of Middle East/UK cross border M&A transaction issues was a key factor that contributed to the success of this deal.”
George Traub, Managing Partner of Lumina, said: “We are delighted with the successful outcome of this deal. The Dulsco team was a pleasure to work with, and the collaborative efforts on their part helped to ensure the deal process was efficient and cost effective. We continue to see significant M&A activity in the energy and related sectors between the Middle East and the UK, supported by bi-lateral trade and investment initiatives between the two regions.”
Lumina sourced, connected and then executed the transaction. We continue to see significant cross border M&A activity in the energy and related sectors between the Middle East and the UK, supported by bi-lateral trade and investment initiatives between the two regions.