The Hawks caters to some 452 local businesses and has used a portion of the facility to acquire an oil and chemical tanker to enhance its capabilities and market position
Deal illustrates RCP Finance’s expansion into new sectors which is reflected in the recruitment of a senior investment banker to bolster the firm’s growing team
London, 16 October 2023 – Independent finance and capital structuring partner RCP Finance has successfully secured a $15 million credit facility from a leading Asian lender for The Hawks Pvt Ltd., the foremost company for distribution of high-quality fuel in the Maldives.
The Hawks caters to a range of local businesses including resort hotels, super yachts and navy vessels, with a total portfolio of more than 452 clients.
A portion of this credit facility has been utilised to facilitate the acquisition of “Bro Developer,” a 2007 oil and chemical tanker with a carrying capacity of 15,000 DWT. This vessel, formerly owned by Maersk, one of the world’s largest logistics businesses, marks a significant expansion for The Hawks. It already owns several oil tankers and barges, allowing the company to enhance its capabilities and strengthen its position in the oil distribution industry – both in the Maldives and throughout the Indian Ocean.
This deal illustrates RCP Finance’s increasingly sector agnostic position within the finance and capital structuring industry. The firm has its roots in luxury real estate and private client services and is now steadily growing its presence in oil and gas, infrastructure, mining and maritime, highlighting its global network and the expanding scope of its projects.
Largely due to this expansion in its scope and services, the RCP Finance team has recently been further strengthened by the recruitment of Régis Castro, who joins RCP Finance as Partner and Head of Structuring. Regis is a senior investment banker with over 20 years’ experience in various roles in M&A, financing, and credit risk management, including 17 years at JPMorgan. Regis has led financing transactions across the capital structure and rating spectrum in all sectors and will be an invaluable asset to the RCP Finance team.
RCP Finance has developed long-standing personal relationships with a global network of banks, funds, family offices, and other lending institutions. With its extensive industry network, RCP can provide clients with access to a wide range of financing options that are tailored to meet their specific requirements.
Hussain Aman, Managing Director of The Hawks Pvt Ltd., commented:
“We are happy to close this transaction with Maersk Tankers. It gives us great pride and confidence knowing the well-kept condition of the tanker and its addition to our fleet will enhance our strength and efficiency in the market. We would like also to express our gratitude to RCP Finance for their strong assistance in obtaining finance for the tankers.”
Christopher Khoi, Founder of RCP Finance, commented:
“Securing this credit facility was another milestone in our journey and allows The Hawks to further strengthen its business and reinforce its market position as the leading premium fuel distributor in the region. Similarly, this deal illustrates RCP Finance’s increasing sector coverage and expanding team, which brings extensive market knowledge and broad industry expertise to every loan and equity placement. We focus on structuring solutions tailored for our clients’ unique needs.”
A credit facility is a type of loan or line of credit extended by a financial institution to a borrower, allowing them to draw funds as needed up to a specified limit.
An oil tanker is a ship designed for the bulk transport of oil and its derivatives. These vessels are crucial for the global oil supply chain.
Infrastructure financing refers to the funding of large-scale public works projects, such as transportation systems, utilities, and other essential services.
A senior investment banker is a professional who provides financial advisory services, manages client relationships, and oversees transactions in investment banking.
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