Clifford Chance with Aldar Properties on a USD400m investment deal

Apollo Global Management (“Apollo”), through its managed investment vehicles, has acquired an 11.1% minority stake in Aldar Investment Properties, a subsidiary of Aldar Properties and the region’s most prominent institutional-class real estate platform. 

The USD 400 million transaction involved the issuance of common equity and mandatory convertible preferred equity in relation to Aldar Investment Properties, which houses Aldar’s core asset management business comprising over AED 23 billion (USD 6.3 billion) of prime real estate assets across retail, residential, commercial, and logistics segments. 

The transaction is part of a USD 1.4 billion investment by Apollo into Aldar’s transformational growth initiatives, which was previously announced by Aldar Properties and Apollo in February 2022. 

Clifford Chance has advised Aldar Properties in this transaction. The M&A team advising Aldar Properties in respect of the convertible preferred equity and common equity elements of Apollo’s investment was led by Mohammed Al-Shukairy (regional managing partner, Middle East, pictured) with support from senior associates Gareth Dray and Rizwan Butt and associates Ahmed Shafiek and Kimberly Ng

Clifford Chance with Aldar Properties on a USD400m investment deal

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram