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Qannas Investments Limited

Background and business issues

Qannas Investments LimitedThe PLC Advisory team in Corporate Finance has acted as Nominated Adviser to Qannas Investments Limited ("Qannas" or the “Fund”) on its $18.5m placing and admission to AIM.

Qannas is a new, close-ended investment fund established to target investments predominantly in the Gulf region where asset vendors are either liquidity constrained or seeking to re-position investment portfolios.

Our role and approach

Deloitte was originally mandated by the Fund’s investment manager, Abu Dhabi Capital Management, a Cayman-domiciled investment manager with an investment team based in Abu Dhabi. Our role included:

  • advising on the location (Jersey) and structure (closed-ended investment company) of the Fund;
  • assisting in sourcing directors and ensuring appropriate corporate governance practices were established;
  • identifying and selecting suitable brokers;
  • preparing key documentation including presentational materials, legal agreements and the admission document;
  • advising on appropriate fee structures;
  • ensuring appropriate due diligence was undertaken on the proposition; and
  • liaising with the London Stock Exchange.

Results achieved

Qannas secured $18.5m of investment and was successfully admitted to AIM in March 2012.

For more information, please contact

David Smith

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