Abacus appointed as Advisor for Privatisation of IESCO

As part of the winning consortium of Financial Advisors led by BMA Capital and China Development Bank, Abacus has been appointed to advise the Government of Pakistan through the Privatisation Commission on the privatization of Islamabad Electric Supply Company. The transaction is to be completed in two phases. Abacus’ mandate in the first phase (Transaction Preparation) is to perform a comprehensive review of Manpower issues and HR assessment of the distribution company, and make recommendations on challenges and manpower rationalization. In the second phase (Sale), we would help the consortium in marketing the deal and provide transaction support services.