KPMG-led consortium hired for House Building Finance Corporation Limited privatisation
ISLAMABAD: The Privatisation Commission on Sunday signed a Financial Advisory Services Agreement (Fasa) with a consortium led by accounting firm KPMG for the privatisation of the House Building Finance Corporation Limited (HBFCL). In an announcement, the commission said the consortium also comprised corporate finance advisory company Bridge Factor, legal firm Haidermota & Co., human resource firm…
The Privatisation Commission has signed a Financial Advisory Services Agreement (Fasa) with a KPMG-led consortium for the privatisation of the House Building Finance Corporation Limited (HBFCL). The consortium, which includes Bridge Factor, Haidermota & Co., HRSG, and Asiatic Public Relations, will provide financial advisory services, transaction structuring, and execution support.
This marks the second attempt to privatise HBFCL, following a previous unsuccessful attempt in which the bid was rejected by the Privatisation Commission. The agreement outlines that the financial adviser will conduct due diligence, advise on an optimal transaction structure, conduct valuation, and support the Privatisation Commission throughout the marketing and execution of the transaction, with the aim of contributing to the development of Pakistan's housing finance sector and promoting affordable housing.
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