Kuala Lumpur: The SapuraCrest-Kencana Petroleum RM11.85 billion merger and acquisition (M&A) deal has won the "Best Deal/Most Innovative Deal in Southeast Asia in 2011" award from the Alpha Southeast Asia magazine. The Hong-Kong based investment magazine announced the winners here last week for its annual Deal and Solution Awards 2011.
In a statement Monday, it said the award was aimed at recognising the best and most innovative corporate-centric investments and commercial banking solutions in the Southeast Asia region.
It said the M&A demonstrated that strategy diversification and an enhanced balance sheet for the integrated oil and gas service was fundamental in winning the the most innovative deal in the region in 2011.
CIMB Investment Bank and Maybank Investment Bank were among the financial advisers for the deal.
Both the banks and RHB Investment Bank were also among the honour call for "Best Equity/IPO Deal of the Year in Southeast Asia in 2011" for their capital fundraising efforts in offshore support vessel operator, Bumi Armada's US$888 million initial public offering.
The government of Malaysia also received a borrower/issuer award for "Best Islamic/Most Innovative Islamic Finance Deal in Southeast Asia in 2011".
Meanwhile, a full write-up including all the winners involved in the transactions and awards rationale for the year 2011 is available in the December/January issue of Alpha Southeast Asia magazine. - Bernama
