Dubai-based Global Feeder Shipping (“GFS”), a feeder and container shipping provider, has signed an agreement to sell 80% of their stake in GFS to Abu Dhabi Ports Group (“ADP”), a UAE-listed end-to-end logistics business. The total purchase consideration for the 80% stake amounts to AED 2.9 billion (US$ 800 million), implying a 100% Enterprise Value of AED […]
Deal & transactions
TMT
United Arab Emirates
Clifford Chance advises MVP Tech Group on sale to Convergint
MVP Tech Group, a UAE-based security, IT Infrastructure and software engineering company serving private enterprises and government clients, has successfully completed the sale of its business to Convergint, a US-based global in service-based systems
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Chalhoub Group acquires majority stakes in Threads Styling
Luxury retail operator, Chalhoub Group has acquired a majority stake in Threads Styling, a London based digital luxury retailer and personal shopping platform. Chalhoub Group acquired all shares of Threads Styling, with the exception of
Karim Nassif, founder of the independent Dubai based arbitration practice Nassif Arbitration, has been appointed a Vice Chair of the ICC Commission on Arbitration and ADR, upon the nomination of the ICC UAE National Committee
Deal & transactions
Food & Beverage
United Arab Emirates
Gulf Capital sells Chef Middle East to Nasdaq-listed food distributor
Gulf Capital, the private equity and growth capital investor in the GCC and Southeast Asia, has successfully completed the sale of 100% of Chef Middle East (“Chef ME”), the GCC’s premier foodservice distribution
Global law firm Norton Rose Fulbright has appointed capital markets partner Hamed Afzal (pictured) in its Dubai office. Afzal, who joins from Akin Gump, is an English-qualified capital markets lawyer with broad experience spanning debt
Appointments
Saudi Arabia
United Arab Emirates
Latham & Watkins worldwide promotions include MENA members
Latham & Watkins has announced that 44 associates have been elected to the partnership and another 46 associates have been promoted to the role of counsel, effective January 1, 2023. Riyadh based Noor Al-Fawzan (pictured right) was elected to
BEEAH Group (“BEEAH” or “the company”) hosted its first BEEAH Legal Conference on Monday 17 October. The conference held at the company’s HQ building, designed by Zaha Hadid, saw BEEAH’s c-suite and leadership team
With ESG sitting at the top of the business agenda and being more prominent than ever, the region’s leading law firm has appointed Hamza Al-Haboubi (pictured) as its dedicated ESG Consultant. Environmental, Social,
Ammar El Banna, founder of Incept Legal and of counsel at Khodeir & Partners, has successfully secured an injunction for an international corporation before the Dubai Court of Appeal. El Banna acted for the
