The Deal Denim Authority has successfully raised TND 14m through an increase in capital and a convertible bond and short and mid-term debt issue financed by BANQUE DE L’HABITAT, ATD SICAR and ALTERNATIVE CAPITAL PARTNERS. IEG-Tunesia acted as exclusive financial advisor to Denim Authority. The team of IEG-Tunisia, led by Managing Director Khalil Attia, successfully achieved the financial restructuring of Denim Authority. The team insured the management and the coordination of the entire process, from the estimation of the needed financial resources to the identification of investors, the negotiation and the closing.
The Client Denim Authority is a manufacturing company that produces denim clothing for international and leading brands such as Tommy Hilfiger, Guess, IKKS and Scotch & Soda. Denim Authority belongs to the top five companies in the denim sector in Tunisia and employs more than 1,800 people.