A Wharton MBA with 12 years of investment banking experience, Adel has executed several M&A, debt, equity, and restructuring transactions including a $12 billion restructuring of Seadrill, $1.3 billion debt financing for California Resources, and the $85 million sale of Mexx. Recently, he was an executive director at Perella Weinberg Partners in NYC. Adel freelances to help clients with M&A, capital raising, and corporate finance transactions.
Prepared financial models and conducted valuation analyses for eight publicly listed companies.
Focus areas: Valuation, Financial Modeling, Three Statement Operating Model
2012 - 2019
Perella Weinberg Partners
Raised $1.25 billion for California Resources, an oil and gas company; negotiated the amendment of the company's existing credit facility and helped the company buyback its junior debt at a discount reducing the company's net debt by $800 million.
Collaborated with the CFO of an online brokerage firm (Global Brokerage, the parent company of FXCM) to build the company's long-term financial model and led the preparation of the investor presentation, outlining business description, revenue drivers, cost structure, product offerings, historical financial performance, and long-term business forecast that was presented to the company's creditors and enabled the company to restructure $172 million convertible note.
Led the business and financial due diligence on Seadrill Ltd, an offshore oil drilling company. This included due diligence for each of its operating subsidiaries. Conducted a valuation-and-scenario analysis and actively participated in the restructuring negotiations for the company on behalf of the unsecured creditors' committee which resulted in a 50% increase in recoveries to general unsecured creditors.
Built an operating financial model for Edison Mission Energy, an independent power producer, to evaluate the company's value and capital needs under different operating scenarios. The financial model was used in both the company's M&A process and the restructuring process.
Constructed a financial model for healthcare services and conducted due diligence and valuation analysis for the company and two other acquisition targets operating in the same sector.
Prepared a valuation report on a Vietnamese food company which was part of the fairness opinion that was presented to the board of directors of global food conglomerate in support of its acquisition.
Advised on the financial restructuring and liability management of a number of companies including Seadrill Ltd, iHeart Media, Del Monte, Global Brokerage, Ocean Rig, Remington Outdoor Company, California Resources, and Edison Mission Energy.
Prepared investor presentations for companies operating different industries including power (e.g., Edison Mission Energy), retail (e.g., Coldwater Creek and Mexx), fintech (e.g., FXCM), and healthcare (e.g., Rotech Healthcare).
Conducted financial and business due diligence, built financial models and performed valuation analysis for companies operating across different sectors including power (Edison Mission Energy), oil & gas (California Resources), offshore drilling (Seadrill and Ocean Rig), retail (Mexx and Coldwater Creek), healthcare (Rotech Healthcare), fintech (FXCM), telecom and media (iHeart and Blackberry), industrial (Hexion and Momentive), and consumer products (Vietnamese F&B company and Del Monte).
Focus areas: Mergers & Acquisitions (M&A), Financial Restructuring, Capital Raising, Credit/Debt, Due Diligence, Financial Modeling, Valuation
2010 - 2010
Madinet Nasr for Housing and Development
Built a financial model and feasibility study for the company's new mixed-use development project located in east Cairo spanning 3.5 million square meters (865 acres) to help the CEO and the management team to evaluate the feasibility of the project and the operating assumptions.
Prepared an investor presentation and attended roadshow meetings with investors in New York along with the CEO that led to expanding the company's investor base.
Developed a cash flow and valuation analysis for the CEO to evaluate a potential acquisition transaction.
Built a financial model and synergies analysis, and conducted valuation analysis for leading regional confectionery company in support of an M&A bid by a regional food-&-beverage company based in Saudi Arabia.
Advised a Swiss-based real estate company on its $3.1 billion acquisition of an affiliated company, co-managed its $208 million IPO on the Swiss Stock Exchange and the led discussions for a dual listing on the Egyptian and Swiss stock exchanges.
Constructed a merger model and conducted valuation analysis in connections with a merger of two textile companies that led to the formation of one of the largest vertically integrated textile companies in Egypt.
Advised a domestic textile company in connection with its acquisition of a small apparel retailer enabling the company to enter the retail space. As part of the transaction, prepared a valuation analysis and conducted business and financial due diligence.
Focus areas: Mergers & Acquisitions (M&A), Capital Markets, Due Diligence, Financial Modeling, Valuation
2004 - 2005
Arab African International Bank
Prepared credit appraisals for corporate clients across multiple industries including building materials, retail, and telecommunication.
Developed a comprehensive database to manage and compare the borrowing activity of our corporate clients with the bank versus other competing banks.
Built a revenue recognition model for securitized loans enabling the branch to establish a revenue recognition mechanism for those loans.
Focus areas: Loans
Master of Business Administration (MBA) degree in Finance and Entrepreneurial Management
2010 - 2012
Wharton School of the University of Pennsylvania - Philadelphia, PA, USA
Bachelor's degree in Business Administration
2000 - 2004
American University in Cairo - Cairo, Egypt
Series 63 — Uniform Securities Agent State Law Examination
FEBRUARY 2017 - PRESENT
FINRA | Financial Industry Regulatory Authority
Series 79 — Investment Banking Registered Representative Examination