The venture will initially focus on investments in the energy sector, including the entire value chain from upstream oil and gas, and oil services companies, to refining and petrochemicals, as well as power generation, and industrial and infrastructure development.
NEW YORK--(BUSINESS WIRE)--Today from the Oil Council’s Energy Capital Assembly Americas, Taylor-DeJongh, a leading energy and infrastructure investment banking firm, and Phoenix Capital LLC, a Baghdad-based investment bank, announced they have entered into a strategic partnership to create the first Washington-Baghdad financial services firm. The partnership will provide specialist industry knowledge and financial expertise to both international and Iraqi public and private sector clients and execute transactions in project finance, M&A, and direct investment, including Shari’a compliant structures. The TDJ Phoenix Capital venture will also provide strategic advice to international firms interested in doing business in Iraq.
“Iraq is regarded by seasoned analysts as a potential major oil and gas play and presents a significant emerging market opportunity for US and international investors. The Phoenix Capital and Taylor-DeJongh partnership is timely in providing strategic level access in Iraq coupled with energy finance expertise.”
The firms will work together to provide strategic, commercial and financial advisory and domestic investment banking services to companies doing business in Iraq. The venture will initially focus on investments in the energy sector, including the entire value chain from upstream oil and gas, and oil services companies, to refining and petrochemicals, as well as power generation, and industrial and infrastructure development.
The partnership will have offices in Washington, DC, and in Baghdad, with plans for offices in Basra and Erbil.
“We believe that the Washington-Baghdad nexus for this partnership will facilitate making well-informed strategic decisions in Iraq,” said TDJ CEO Terry Newendorp. “The Taylor-DeJongh expertise in global energy finance and M&A has found a great professional partner for the opportunities in Iraq.”
Hussain Qaragholi, Managing Partner of Phoenix Capital, lauded the partnership by stating, “Iraq is regarded by seasoned analysts as a potential major oil and gas play and presents a significant emerging market opportunity for US and international investors. The Phoenix Capital and Taylor-DeJongh partnership is timely in providing strategic level access in Iraq coupled with energy finance expertise.”
About Taylor-DeJongh
Taylor-DeJongh is an energy and infrastructure investment banking firm that has ranked as a Top 10 Financial Advisor consistently since 1995. The firm 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 30 years of experience in structuring complex transactions in more than 100 countries, with an aggregate value of over US$70 billion.
About Phoenix Capital LLC
Phoenix Capital provides investment banking advisory services for the Government of Iraq, corporations, family offices and high net-worth individuals with a focus on oil and gas, power, infrastructure, transportation, hospitality, healthcare and real estate. The principals of Phoenix Capital have roots in Iraq going back several generations, and have been extensively involved in the reconstruction of Iraq since 2003, as financial advisors to the Government of Iraq, multilateral agencies, international corporations and to top-tier local corporations.
