Clifford Chance is advising Multiply Group on the sale of its UAE-based district cooling business, PAL Cooling Holding and its subsidiaries, to a consortium comprising National Central Cooling (Tabreed) and CVC DIF. The operation values approximately at AED 3.8 billion. Subject to regulatory approvals, closing is planned for later this year. Founded in 2006, PAL […]
Baker McKenzie advised CVC DIF, the infrastructure strategy of CVC Capital Partners mid-market infrastructure equity fund manager, on its strategic partnership with National Central Cooling Company PJSC (Tabreed), a UAE-based district cooling company, to acquire
Hammad & Al-Mehdar advised each both parties on the Saudi-Arabia-based transaction that brought Alsulaiman Group to acquire Taajeer Finance. The parties Buyer Alsulaiman Group is a family-owned investment company, active across the KSA and internationally.
Dreny & Partners advised ValU on a EGP 858.9 million securitization transaction of a multi-issuances program for their consumer finance portfolio. The operation is part of a wider 2-year multi-issuance program with a total value of
Matouk Bassiouny advised Spark Education Platform (SEP) on its strategic partnership with First School Management (FSM), the global advisory arm of GEMS Education. The collaboration in questionwill introduce GEMS-branded schools to Saudi Arabia and Bahrain.
White & Case advised SURJ Sports Investment on its joint venture with Kings League, leading to the debut of Kings League MENA. The new regional competition falls within a global concept that former Barcelona F.
Deal & transactions
Real Estate, Construction & Infrastructure
Baker McKenzie wirh Izdihar on GEMS’ real estate acquisition
Baker McKenzie has advised Bank Muscat’s Izdihar Real Estate Fund, on its acquisition of the real estate of GEMS School of Research and Innovation in Dubai. The new British Curriculum school plans to start
Curtis advised UAE-based food producer Al Ain Farms for on two distinct deals. The first, chronologically speaking, is the acquisition in April 2025 of Marmum Dairy Farms and United Sales Partners from Yas Holding, as well
Matouk Bassiouny & Hennawy (MBH) advised Salamtak in connection with the sale of its 98.8% stake in Egyptian consumer finance platform ADVA, to Maseera, a digital financial services company backed by 2PointZero. Pursuant to the deal,
Matouk Bassiouny advised BECO Capital in connection with their investment in investment platform Thndr. The context The operation represents Thndr’s second funding round, raising USD 15.7 million. Prosus Ventures led the transaction, with further
