Bridgewater acted as exclusive financial advisors to leading Structural Mechanical Equipment, Electrical Instrumentation, Piping and Platework (SMEIPP) Company, Wayoe Engineering and Construction Limited (WEC),on its debt capital raise of $5.5 million. This latest round brings WEC’s total capital raise over the past three years to $10.5 million, following a substantial debt financing round in 2018 from Ecobank Ghana Limited of $5 million.
WEC, an ISO certified privately owned SMEIPP was established over 20 years ago to serve the Mining, Oil and Gas, Infrastructure/Industrial, Power, and Petrochemical industries. The company is headquartered in Ghana and operates in South Africa, Sierra Leone, Guinea, Eritrea, Cote d’Ivoire, Burkina Faso, DRC, Mali, Botswana, and Liberia.
Debt raised funded the completion of the company’s multi-purpose workshop, the largest indigenous fabrication workshop in Ghana and West Africa.